Fracking Reduces Some of the Impact of Hurricanes

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From the Washington Post:
May 15 (Bloomberg) -- U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.
The two storms that struck within a month of each other in 2005 cut Gulf gas output to as little as 4.52 billion cubic feet per day from 10 billion, sending futures to $15.378 per million British thermal units. By the time Hurricane Isaac went ashore in Louisiana seven years later, daily Gulf production was 4.09 billion, according to the Energy Information Administration.
Companies have reduced offshore work to concentrate on safer shale, from the Marcellus formation in the Northeast to the Barnett in Texas. Federal Gulf waters accounted for 6 percent of U.S. marketed gas production in 2012, compared with 24.4 percent in 2001, data from the EIA, the Energy Department’s statistical arm, show.
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