Hurricane Ike's winds and massive waves destroyed oil platforms, tossed storage tanks and punctured pipelines. The environmental damage only now is becoming apparent: At least a half million gallons of crude oil spilled into the Gulf of Mexico and the marshes, bayous and bays of Louisiana and Texas, according to an analysis of federal data by The Associated Press.
And let's not forget Katrina which had it's own environmental issues despite what many big oil surrogates have claimed.
In May 2006, the U.S. Minerals Management Service (MMS) published their offshore damage assessment: “113 platforms totally destroyed, and 457 pipelines damaged, 101 of those major lines with 10 inches or larger diameter.”In all, the two hurricanes caused 124 offshore spills for a total of 743,700 gallons, including six spills of 42,000 gallons or greater.
So feel free to enjoy the few pennies in savings we will soon be seeing (like 10 years from now)...