About one-quarter of U.S. oil production and nearly 10 percent of natural gas production in the Gulf of Mexico has been shut-in due to Hurricane Alex, the first June hurricane to develop in the Atlantic region since 1995.
The federal government reported yesterday that 28 production platforms and three rigs had been evacuated as operators moved personnel to safety. The storm is expected to make landfall on Wednesday near the Texas-Mexico border.
As oil workers wait to return to their offshore jobs, thousands of others are wondering about whether they will have jobs under the administration's deepwater drilling moratorium.
According to an Oil Daily report, Sen. Mary Landrieu (D-LA) estimates Louisiana alone could lose up to 38,000 jobs. MidSouth Bank President Rusty Cloutier told Oil Daily t... more »















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