Four large deep water platforms accounting for about 10 percent of the pre-storm federal offshore Gulf oil production suffered extensive damage which could take up to three to six months to bring back on line,
Quotes about pre-storm (4 Quotes)
The program is designed to cover you damages or buy your house at your pre-storm equity. It's capped at 150,000... net of other insurance proceeds or other FEMA aid.
Also noteworthy, WT is currently producing at 78 of pre-hurricane levels, and expects to return to pre-storm levels late in the second quarter.
The government is trying to relieve this crisis but there is little they can do. I don't think that crude-oil production will be close to pre-storm levels until December.