I know everyone is excited about the win today and I hate to reign on the parade but, as it turns out, Ike did do some damage to the oil industry.
Be prepared for the price spikes to continue.
HOUSTON - Hurricane Ike appears to have destroyed a number of production platforms and damaged some of the pipelines in the Gulf of Mexico, federal officials said Sunday.
Fly-overs revealed that at least 10 production platforms were destroyed by the storm, said Lars Herbst, regional director for the U.S. Minerals Management Service.
"It's too early to say if it's close to Katrina- and Rita-type damage," Herbst said.
There are about 3,800 production platforms in the Gulf, including 717 with full-time staffs aboard.
The MMS says Hurricane Katrina destroyed 44 platforms three years ago, and soon after Hurricane Rita destroyed 64.
Herbst stressed the assessments were preliminary, but the damage appeared far worse than that caused by Hurricane Gustav two weeks ago.
Specifics about the size and production capacity of the destroyed platforms were not immediately available.
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