Jim Rouiller News
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RWE AG, Germany’s second-largest utility, started trading U.S. electricity and plans to expand into Australian power as commodities markets become more global.
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Leslie may grow into a Category 2 hurricane with winds of 110 miles (177 kilometers) per hour as it approaches Bermuda over the weekend and then Newfoundland.
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Tropical Storm Isaac may drop as much as 10 inches (25 centimeters) of rain on Florida as it moves into the Gulf of Mexico on a course that is expected to take the system through oil and gas fields and then onto land near the Louisiana-Mississippi line.
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Tropical Storm Isaac is skirting Cuba’s northern coast, then will turn north along western Florida and possibly soak the Republican National Convention in Tampa on track to landfall near Pensacola next week.
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Tropical Storm Isaac maintained a maximum wind speed near hurricane strength as it shut 78 percent of oil production in the U.S. Gulf of Mexico and sent gasoline futures to a four-month high.
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Hurricane Isaac was downgraded to a tropical storm as it weakened over Louisiana, where it will linger with heavy wind-driven rain for two days while easing the threat to offshore energy production.
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Tropical Storm Isaac’s threat to offshore energy production in the Gulf of Mexico eased as the weather system weakened while still dumping rain and producing storm surges over Louisiana. Forecasters expect it to become a tropical depression later today.
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Hurricane Isaac will linger over Louisiana with heavy wind-driven rain for two days while reducing the threat to offshore energy production.
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Oil fell for a third day on speculation that Tropical Storm Isaac will have limited impact on production in the Gulf of Mexico.
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Tropical Storm Isaac churned through the Gulf of Mexico on a path toward offshore oil and gas operations and may go ashore near New Orleans on the seventh anniversary of Katrina’s devastating strike.
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