Hurricane Dean Damage To Oil Rigs Being Assessed

Oil prices have not reacted dramatically to the cutoff of 3% of the world's oil supply, after Hurricane Dean swept through the portion of the Gulf of Mexico where Mexico's oil infrastructure sits. Mexican engineers had yet to assess the damage, according to Lloyd's List.

Early fears about extensive damage to oil infrastructure were quelled when the storm tracked well south of U.S. oil infrastructure, and Dean's slackening after crossing the Yucatan Peninsula meant it had only Category 1 strength when it hit Mexican oil infrastructure.

Analysts are eagerly awaiting word about the extent of damage -- if any. Mexico is the second largest source of foreign oil to the United States, after Canada.

Related Stories
Hurricane Dean Cuts Worldwide Oil Production 3%
Hurricane Dean Could Cost $1.5 Billion
Experts Upgrade Atlantic Hurricane Forecast
The 10 Mega Hurricanes Of 2007: Interactive Map
Hurricane Preparedness Goes Green

Read The Storm Pundit
Hurricane Dean 1 Of 10 Most Intense Atlantic Hurricanes Ever Recorded
A Little Luck With Hurricane Dean?
Category 5? Hurricane Dean And Gilbert of 1988
Nothing But Land to Stop Hurricane Dean ... or Supertyphoon Sepat
Farewell Hurricane Flossie -- Hello Tropical Storm Dean
Hurricane Flossie: The Un-Forecastable
Hurricane Forecasts, Fulminations And Flossie
2007 Hurricane Season: Don't Get Too Comfortable

Your Photos of Hurricane Dean
Hurricane Dean: Through a Fisheye Lens
Hurricane Dean: Dominican Republic
Hurricane Dean: Palm Trees and Waves
Hurricane Dean: Watching the Waves
Hurricane Dean: Palm Trees in The Dominican Republic
Hurricane Dean: Folded Palm
Hurricane Dean: Hits Martinique

COMMENTS ()