The Louisiana Offshore Oil Port (LOOP) is currently the nation’s largest waterborne crude import terminal. Throughput at LOOP has been declining as domestic crude production has increased. Crude oil imports were over 1 MMb/d in 2008 but dropped to 0.5 MMb/d by September 2012. Light sweet crude imports in September 2012 were 10 percent of their level in 2008. Today we look at future prospects for this huge marine terminal and storage facility on the Louisiana Gulf Coast.
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