A low-pressure system in the Caribbean Sea will be a “very low” threat to oil and gas production in the Gulf of Mexico even if it manages to gain strength, said Matt Rogers, president of the Commodity Weather Group LLC.
Florida plans to file a U.S. Supreme Court lawsuit against Georgia, saying the state is consuming too much water that would otherwise flow to Florida, the latest battle nationally over an increasingly scarce resource.
Tropical Storm Debby held steady in the Gulf of Mexico off the Florida Panhandle after shifting away from oil- and natural gas-production areas where Anadarko Petroleum Corp., BP Plc and rivals halted output.
Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
Tropical Storm Isaac was set to make landfall in Haiti overnight, slamming into the poorest country in the Western Hemisphere before heading toward Cuba and the Florida Keys. Some energy output in the Gulf of Mexico was shut.