Hurricane Gustav aims for U.S. Gulf oil facilities

[phantom power]

NEW YORK (Reuters) - Oil companies began early storm preparations on Tuesday as forecasters predicted Hurricane Gustav will enter the U.S. Gulf of Mexico as a major storm by the weekend.

Royal Dutch Shell , one of the largest oil and gas producers in the region, said it would begin evacuating nonessential personnel from offshore facilities on Wednesday as energy prices jumped on the threat.

Other companies operating in the Gulf, home to about 25 percent of U.S. oil production and 15 percent of U.S. natural gas output, were monitoring the progress of Gustav, which was churning off the coast of Haiti as a Category 1 hurricane on Tuesday.

Hurricane forecasters were predicting on Tuesday that Gustav would skirt the western coast of Cuba and enter the Gulf of Mexico as a powerful Category 3 hurricane with winds in excess of 100 miles per hour by Sunday.

http://uk.news.yahoo.com/rtrs/20080826/tbs-uk-storm-gustav-energy-5d0af8e.html

[ElectricGrid]

1. Go fill up today.