HURRICANE A COSTLY LESSON IN OCS RISK

Did anyone outside the offshore oil and gas producing industry notice what didn't happen during Hurricane Andrew? The producing region of the Gulf of Mexico last month sustained a natural disaster of stunning severity, and the environmental consequences were negligible. There was widespread damage. But there was no mammoth fire, no shroud of smoke, no huge oil spill. Once again, prophecies of environmental doom regarding offshore drilling and production look greatly exaggerated.

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