Economic Calendar

Sunday, August 31, 2008

Louisiana Offshore Oil Port Is Closed as Gustav Approaches Cuba

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By Jim Polson

Aug. 30 (Bloomberg) -- The Louisiana Offshore Oil Port, the biggest U.S. oil import terminal, shut at 9:30 a.m. local time today and staff are evacuating ahead of Hurricane Gustav, expected to reach the area in about two days.

``It's time to get our people off the offshore platform,'' spokeswoman Barbara Hestermann said today in an interview. Shipments to customers continue from the port's 53 million barrels of storage on shore, she said.

To contact the reporter on this story: Jim Polson in New York at jpolson@bloomberg.net.


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