The nation’s oil and gas hub along the Gulf Coast is slowly coming back to life in the aftermath of Hurricane Isaac.
Offshore oil platforms are beginning to ramp up production as crews are returning. Refineries are beginning to restart units as power is restored and floodwaters are cleared out.
While a substantial amount of oil and gas production remains off line, production is coming back as expected. No major damage to oil platforms or refineries have been reported, and no further storm-related spikes in energy prices are expected.
The Bureau of Safety and Environmental Enforcement said recently that 800,000 barrels per day of oil production remained offline, 58 percent of Gulf of Mexico production