Was Katrina as destructive as Ivan?

09/05/2005
Just hours after Katrina, a category 4 hurricane, roared ashore 70 miles south-southeast of New Orleans on Aug. 29, analysts were speculating whether the storm’s residual damage might be as bad as the highly destructive Hurricane Ivan nearly a year earlier.There were no immediate reports of damage by Katrina to Gulf Coast production facilities or refineries, although Transocean Inc. reported its moored Deepwater Nautilus semisubmersible rig had drifted off location during the storm.Still, Katrina’s path took it “through a greater portion of the Gulf of Mexico oil and gas patch” than did Ivan, said analysts in the Houston office of Raymond James & Associates Inc...
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