Hurricane Ike Aftermath

After Gustav touched down, Ike followed suit with a more devastating foot print causing loss of power and massive flood in Texas. 28 platforms out of 3800 platforms in Gulf of Mexico have been completely destroyed as reported by MMS. The Pride Wyoming worth USD 40M has been reported missing. Her last location was 90 miles offshore Louisiana. Ensco 74 is also nowhere in sight. The 1.3 Million barrels per day-production is still shut in while personnel have been remobilized to platforms and rigs. Most operators are now in eval mode to assess the extent of damages, if any, of their assets. The US has indeed managed this well, after incorporating lessons from Katrina and Rita in 2005 and Ivan 4 years ago.

Districts	Lake Jackson	Lake Charles	Lafayette	Houma	New Orleans	Total
Platforms Evacuated	84	113	119	99	83	498
Rigs Evacuated	9	14	14	20	14	71
Oil, BOPD Shut-in	69,367	35,263	160,059	433,645	565,396	1,263,730
Gas, MMCF/D Shut-in	1,200	816	1,211	992	2,012	6,231

After speculators offloaded some USD 39B worth of funds from crude futures market, the price of crude continues to plummet despite Gustav and Ike's touch of god.