facebook
twitter
rss
account
search
search
 

U.S. energy sector weighs hurricane threat

June 3, 2013 at 6:52 AM   |   Comments

MIAMI, June 3 (UPI) -- U.S. oil and natural gas production in the Gulf of Mexico could face disruptions from at least seven hurricanes this season, the U.S. Energy Department said.

The U.S. Energy Department's Energy Information Administration said offshore production might be affected by more than seven named storms in the Atlantic Basin that could strengthen into a hurricane. At least three of the storms could be characterized as a level 3 or greater.

Hurricane Barbara made landfall Wednesday in the Mexican state of Chiapas as a Category 1 storm, with top winds of 75 mph. It weakened to a tropical depression after it made landfall.

The EIA said U.S. disruptions from hurricanes in the Gulf of Mexico have declined because oil and natural gas production was taking place in inland basins, which are less vulnerable to storms.

Onshore production in states like Texas and North Dakota have helped spur a major increase in U.S. oil production capacity.

The agency said crude oil production in the Gulf of Mexico declined from 26 percent of the national total 2007-11 to 19 percent last year.

Hurricane season lasts through Nov. 30.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
2
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
3
Harris selected for geospatial data products Harris selected for geospatial data products
4
Sweden plans to replace its Defense and Security Export Agency Sweden plans to replace its Defense and Security Export Agency
5
Throwback Thursday: Facebook launches old-school 'Rooms' app Throwback Thursday: Facebook launches old-school 'Rooms' app
Trending News
Around the Web
x
Feedback