A Congressional Budget Office study estimated that gulf energy infrastructure repair costs will be between $18 billion and $31 billion, just from the damages the hurricane created.
Mark Foley Quotes
The gulf coast, we all know now, after Katrina, is responsible for 25 percent of U.S. production of natural gas. Following Katrina and Rita, almost 75 percent of the natural gas production in the gulf was shut down and not producing.
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