25% of U.S. oil production knocked out by Ike

By GottaLaff

I'm bumping the video up to make the point again, since I pushed it downthread too quickly.

Ike Brings Oil Woes
About a quarter of the U.S.'s total oil production has been knocked out for almost two weeks due to storms

The arrival of Hurricane Ike in southern Texas shut down the heart of the nation's oil and gas industry, as companies evacuated production platforms and closed down refineries along the Gulf Coast [...]

Officials from the Department of Energy said 14 of 17 oil refineries on the Texas coast between Corpus Christie and Beaumont were shut down, and the other three were on reduced runs, cutting about 19 percent of the nation's refining capacity.

In addition, 98 percent of the Gulf coast's oil production and 94 percent of its natural gas production was shut down for the storm, according to the Interior Department's Minerals Management Service.

The Energy Department focus today was on the impact on refiners, and whether supplies of gasoline, diesel and jet fuel would be constrained for days or weeks, similar to what occurred when hurricanes Katrina and Rita struck Louisiana and Texas within a month in 2005 and disrupted energy production for months.

Drill, baby, drill is sounding more and more shrill, baby, shrill.