Hurricane Ida has led to the largest-ever initial loss of crude oil production in the U.S. Gulf of Mexico from a hurricane in the ten days since the first platforms were evacuated, according to estimates by Bloomberg . Sixteen years to the date after Hurricane Katrina made landfall in Louisiana, Hurricane Ida crashed into the state on August 29 with Category 4 winds, 15-foot storm surge, and flooding. During the ten days since the first platforms were evacuated ahead of Hurricane Ida in the middle of last week, 16.8 million barrels of oil production have been lost, Bloomberg’s calculations show. To compare, this production loss is 32 percent higher than the output lost in the first ten days after Katrina in 2005, and 42 percent more than the ten-day loss of oil production after Gustav/Ike in 2008. Disruptions from Katrina lasted for months, and some of the production never […]