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No Hurricane Has Hit US Energy Markets Like Ida Has

September 8, 2021

Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina.

More than a week after the Category 4 storm made landfall, about 77% of the region’s offshore production remains shut, according to the Bureau of Safety and Environmental Enforcement. By comparison, about 60% of oil output and 40% of gas was still offline this long after Hurricane Katrina devastated New Orleans and its environs in 2005.

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