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 DALLAS (AP) - Oil and gas executives say Hurricane Rita may have caused more damage to rigs and platforms than any Gulf of Mexico storm, even its formidable predecessor Hurricane Katrina.
The double-whammy has already cost the Gulf nearly 7 percent of its annual oil production and 5 percent of its yearly natural gas output, according to Wednesday's U.S. Minerals Management Service report.
"The impact on the rigs is something that's never been seen by this country before," said Daniel Naatz, director of federal resources for the Independent Petroleum Association of America.
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