Monday, September 1, 2008

Oil Falls as Hurricane Gustav Weakens, Easing Damage Fears

Still, Gustav is two categories below the peak strength reached by Hurricane Katrina, which sent oil prices to records after wrecking refineries around New Orleans three years ago. Katrina's intensity was greatest over the gulf, where it damaged rigs, platforms and undersea oil and gas pipelines. It then weakened to a Category 3 hurricane before

read more | digg story



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