Previews of 2006 reflect new variable: hurricanes

After the surprises of 2005, it will be a surprise in 2006 if a monster hurricane doesn’t disrupt oil and gas operations in and along the Gulf of Mexico.It was a surprise in 2005 when Hurricane Ivan of September 2004 turned out not to have been nature’s best shot at US Gulf Coast production, processing, and transportation. It actually was two surprises-Hurricanes Katrina and Rita, either of which alone made Ivan look like a kid brother and together created havoc from which US production, gas processing, and refining have yet to fully recover.Ivan was bad enough, of course. It damaged platforms and pipelines. Its effects on oil and gas production lasted into 2005 and convinced ...

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