Gulf Oil Shutdown

The Minerals Management Service reports that all oil production in the Gulf of Mexico has temporarily ceased.

MMS says its survey indicated that 100 percent of oil production in the gulf is shut down as well as more than 80 percent of natural gas production.

The gulf supplies 29 percent of the nation's oil and 21 percent of the gas.

As you know, Hurricane Rita, which came ashore Saturday morning, hit the western gulf and Katrina, which hit on August 29, struck the central gulf.

Both areas are rich with offshore production platforms and drilling rigs.

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