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Oil Rigs and Hurricane Ike

Jul 31, 2020
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Don’t blame the reader for being confused. In its front-page piecetoday examining the devastation wreaked by Hurricane Ike, The Washington Post said this about the storm’s affect on the Gulf’s oil infrastructure:
Federal officials said there were no reports of major damage to the region’s critical oil, gas and petrochemical installations.
That sounds like good news, except that on page A-9, The Post runs another pieceunder the headline “Gas Prices Continue to Rise as Hurricane Destroys Oil Facilities:”
Gasoline prices once again soared across the country yesterday as federal officials said a preliminary survey of damage found that a number of production platforms in the Gulf of Mexico had been destroyed by Hurricane Ike.
One assumes these were not the same federal officials.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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