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In Worst-Case Scenario, Gustav Storm Could Shut Down 20% of U.S. Crude Oil Production
SUGAR LAND--August 29, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas producers like Shell (NYSE:RDS.A) (The Hague, The Netherlands) and ConocoPhillips (NYSE:COP) (Houston, Texas) have reportedly begun to evacuate rigs as Tropical Storm Gustav, which could reach hurricane status, continues to churn toward the Gulf Coast. As of Friday morning, the National Weather Service was predicting the storm to move northwest past Cuba early Sunday, August 31, toward Louisiana, although the storm could switch paths as it enters the gulf. Gustav could make landfall on Tuesday, September 2.
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Details on this Article:
Industry Segment: Production
Word Count: 413 Words
Attachment: Map - Tropical Storm Gustav's Projected Path
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