energy information administration short term outlook november 2005 1 8 release overview hurricanes katrina and rita damaged set adrift or sunk 192 oil natural gas drilling rigs producing platforms the most significant blow to us petroleum industries in recent memory at beginning of almost 53 percent normal daily federal gulf mexico production 47 remains shut moreover louisiana 0 billion cubic feet bcf per day onshore offline million barrels bbl d crude refining capacity down some wells were temporarily as a precaution hurricane wilma while no damage was reported from that storm recovery key factor this indeed on destroyed suggests path will be slower than predicted october forecast projects total demand is likely respond higher prices related destruction by showing relatively flat growth
