Hurricane Katrina, a Category 5, formed on August 23rd (It appeared on The Oil Drum on the 24th, and daily thereafter) and dissipated on August 30th. Which, you may note covered the Eastern part of the Gulf, with the black spot being the location for the Thunder Horse platform. In that first post, the path of the Hurricane was simplified to: "People were surprised that Dennis shut in 1.4 million barrels of daily oil production ," he said, emphasizing that that was a bigger loss of oil than many expected. The update was the main reason for the rally, said Phil Flynn, a senior analyst at Alaron Trading. The evacuations prompted the shut-in of 96.2% of daily oil production in the Gulf of Mexico, as well as 62.4% of daily natural-gas production, according to the MMS. Minerals Management Service, which was released a few minutes before the end of the regular trading session. Hurricane Dennis forced the evacuation of a total of 445 rigs and platforms, according to a Monday report from the U.S. This was significant, as the MMS reported. This was the first hurricane that The Oil Drum covered, and the focus, naturally, was on the impact which it would have on oil production. It formed on July 4th, 2005 and dissipated on July 13th. Goose invited me to help him start The Oil Drum, Hurricane Dennis, a Category 4 hurricane, struck the Gulf of Mexico.
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