Gustav less fierce than feared

Gustav, a dangerous Category 4 hurricane a few days ago, hit shore on the Gulf Coast as a Category 2 storm and was later downgraded to a minimal hurricane as it barreled through southern Louisiana.

Oil companies had shut down nearly all production in the region, which normally pumps a quarter of U.S. oil output and 15 percent of its natural gas.Hurricane Gustav struck the U.S. Gulf Coast just west of New Orleans, hammering the city devastated by Hurricane Katrina in 2005 with surging floodwaters that threatened its rebuilt levees. But the storm was weaker than had been feared.

Deborah Lutterbeck reports.