Isaac Threatens Gulf Oil Production
From CNN
Tropical Storm Isaac is curtailing oil production along the Gulf of Mexico and threatening refineries, which could send already rising gasoline prices up another 10 cents in the coming week.
The U.S. Bureau of Safety and Environmental Enforcement, which oversees offshore oil production, said Monday that 78% of the current daily oil production in the Gulf of Mexico has been shut, with 346 platforms and 41 rigs evacuated. In addition, more than 48% of natural gas production in the Gulf has also been halted.
