Hurricane Ida fallout continues to slam oil production

Rebecca Babin, CIBC Private Wealth Management Senior Energy Trader, joins Yahoo Finance's Adam Shapiro to discuss Hurricane Ida's impact on the oil industry.
Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:

Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.

Connect with Yahoo Finance:

[charlesharrington]

Anything to not blame it on the Biden administration

[ahoo]

Every look at a refinery, sold steel this is bull, and they have electricity self sufficient, this is bull, they have reserves this is bull

[oogabooga]

All this crazy stuff going on and Americans still worried bout oil this country sucks

[jamesdubois]

Seems like not that long ago we were energy independent and actually exporting oil. What happened? Why are we dependent on OPEC again?

[Kraang]

"its not just China that is having to deal with the aftermath of Hurricane Ida"
China is nowhere near the atlantic ocean, which is where Ida was, China is next to the pacific.
How is China dealing with ANY aftermath?

[thomaswilson]

I am so sick of oil lies open back up the pipe lines and problem solved.Some jobs should be a man's job not this uhm woman. uhm to much nerve racking.

[richardv.connelly]

i n t e l l e c t w e b s you are the best job well done

[jiayangshao]

Production is down 1.5 million b/d, let us hope inventory gets a bigger draw next week. Unless inventory drop below 400 million barrels, it is unlikely to see WTI crude prices climbs back to 75 dollars per barrel.

[jiayangshao]

In September, 2018, US oil inventory excluding SPR is about 395 million barrels to 410 million barrels. Oil production is about 10.8 million b/d. Right now, oil production is 10 million b/d, and inventory is about 423 million barrels. WTI prices are 10 dollars lower comparing to 2018, adjusted into inflation.