U.S: 78 pct. of Gulf oil production shut by storm

“The U.S. government says 78 percent of the oil production in the Gulf of Mexico has been halted in preparation for Tropical Storm Isaac.

“The Bureau of Safety and Environmental Enforcement reports about 1 million barrels per day of oil production has been stopped as companies have evacuated 346 offshore oil and gas production platforms. That’s 17 percent of daily U.S. oil production and 6 percent of consumption.”

That total does not include shut-in production under state jurisdiction.