Ida to impact US fuel, shipping industries

By Associated Press

Aug 30, 2021 12:15 am

NEW ORLEANS, United States: A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the region.

The Gulf is not only a major base for oil and natural gas companies but also a vital hub for the nation's chemical and shipping industries.

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