Is it time to short oil, or is it going to $100? Getting ready for $3.50 at the pump very soon. Storm shuts 27.7 pct of US Gulf crude output-MMS Thu Sep 20, 2007 6:25pm BST Email This Article |Print This Article | Reprints [-] Text [+] NEW YORK, Sept 20 (Reuters) - Oil companies shut some 27.7 percent of crude oil and 16.7 percent of natural gas production in the Gulf of Mexico due to a storm threat, the U.S. Minerals Management Service said on Thursday. As of 1230 EDT (1630 GMT), some 360,169 barrels of oil per day and 1,288 million cubic feet of gas per day were shut after operators evacuated workers from offshore rigs due to a tropical depression, the MMS said. The Gulf of Mexico has a capacity to produce 1.3 million bpd of crude oil and 7.7 billion cfd of gas.