US Oil Output Lowest Since 1950 - (hurricane Ivan)

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Thu Nov-11-04 12:32 PM
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US Oil Output Lowest Since 1950 - (hurricane Ivan)

http://news.bbc.co.uk/2/hi/business/3997589.stm

US oil output has fallen to its lowest monthly level in more than 50 years in the wake of Hurricane Ivan.

Daily output fell below five million barrels in September for the first time since April 1950, according to new government estimates.

Hurricane Ivan disrupted drilling operations and pipelines in the Gulf of Mexico, with about 10m barrels lost.

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Ivan forced the closure of a host of refineries, accounting for about 13% of total US production.

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