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Gulf Coast Industries Anxious as Tropical Storm Edouard Targets Southwest Louisiana and Southeast Texas
SUGAR LAND--August 5, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--As of late Monday, most petroleum refineries and petrochemical plants along the Louisiana and Texas coast of the Gulf of Mexico were cautiously watching Tropical Storm Edouard, which formed suddenly over the past 48 hours, leaving little time for companies to plan evacuation and shutdown procedures. The general consensus is that the storm will be minor, but experience merits a cautious approach over the next 24 hours, as conditions could change. The Houston Ship Channel closed to traffic on Monday and is not expected to resume operation until Wednesday evening at the earliest. Refiners like Valero (NYSE:VLO) (San Antonio, Texas) that are dependent on crude oil imports to run refineries could be affected if the Houston Ship Channel stays closed beyond Wednesday.
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