Overall I think it offers a farily decent description of the infrastructure damage to the energy biz in that part of the country.
Most people not involved with energy production/distribution have no idea how big a part the Gulf plays in that scheme of things. There may be some overstatement in the article, but there has clearly been a serious hit as we'll no doubt see this winter.
The futures markets do not seem to think we will see a major shortage. All the energy indices are down as of now.
http://www.futuresource.com/markets/market.jsp?id=energy
I find it interesting that he makes a big deal about fertilizer. Most stats I have seen and observation in my area point to a decrease in farmland under cultivation. Many small farmers have been using green manure and composted real manure for a long time, due to the cost of nitrates. Everyone uses crop rotation. Used to be I couldn't get a propane fill for 2-3 weeks in March, as the drivers were out spreading ammonium nitrate. Last year, I didn't have a problem at all. I'll have to query my gas man when I see him in this winter.
Gas in my area is decreasing in price and there are several stations charging $2.79.
Maybe this guy has long positions to protect?