Topic: Gulf of Mexico

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Fortune 500: Top 10 companies in 2013

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
Five energy challenges for Venezuela

With the passing of Hugo Chávez, the issue of what Venezuela chooses to do with its oil moves to center stage for the energy industry – and for environmentalists. Here are five energy challenges that Venezuela will have to face.
4 smart ways to rebuild after superstorm Sandy

Early estimates of the damage from superstorm Sandy are staggering. In the days ahead, once people's immediate needs are met, we must focus on rebuilding. It is increasingly clear that rebuilding efforts must consider the following four points.
Briefing
Obama vs. Romney 101: 7 ways they differ on energy issues

Both President Obama and Mitt Romney claim to want to expand America’s access to conventional fuels and green energy. But their energy plans have very different flavors.
Briefing
Mexico's high-stakes presidential vote: 4 questions answered

The next Mexican president will inherit a country torn by drug violence. Tackling deep-seated democratic and economic challenges is key to progress.

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Gas prices dip, but are still pretty high. Should Obama be worried?

Suburban commuters are considered an important constituency this election year, analysts say, and high gas prices are on their list of complaints. Belatedly, they could be beginning to fall.
Energy Voices Oil companies return to the Gulf of Mexico

Two years after the BP oil spill, drilling in the US Gulf of Mexico is growing again. It may soon reach the levels that it was at before the spill, according to OilPrice.com.
Space shuttle Endeavour lifts off for last time, heading to California

The space shuttle Endeavour, bolted atop a Boeing 747 jumbo jet, left its Florida home port for the last time on Wednesday and headed to California to begin a new mission as a museum exhibit.
Blocking patterns: How global warming might have worsened US drought

Two teams of researchers find that subtle changes brought about by global warming might be amplifying atmospheric blocking patterns, which keep weather conditions in place for a long time.
In Gear A drop in gas prices on the horizon? Maybe.

With Hurricane Isaac behind us and winter approaching, we may be in for a break on gas prices, Read writes. But hurricane season isn't over yet, and access to the Strait of Hormuz remains in question. Gas prices could spike again.
In Gear Gas prices and fuel economy: What's the connection?

As gas prices rise, so too does the average fuel economy, Read writes. The average fuel economy of new cars sold in the US rose to 23.8 mpg in August as gas prices edged up to $3.82.
Opinion: Not true, Mitt Romney: History shows business experience doesn't make a good president

Mitt Romney has derided President Obama for lacking the business experience he claimed as 'essential to his task.' That's a popular GOP message, but it's not true. America's best-rated presidents weren't businessmen, and those with the most business success rank among the worst.
Briefing
Obama vs. Romney 101: 7 ways they differ on energy issues

Both President Obama and Mitt Romney claim to want to expand America’s access to conventional fuels and green energy. But their energy plans have very different flavors.
Stocks edge up on revised GDP

Stocks rise as US revises upward its estimate of GDP growth from 1.5 to 1.7 percent. Among big stock movers, WellPoint climbs 8 percent; Heinz falls 2 percent.
As Isaac floodwaters top levee, Plaquemines ordered to evacuate (+video)

Plaquemines Parish officials have ordered a mandatory evacuation as flooding from Hurricane Isaac topped a levee Wednesday morning.
Katrina anniversary: Seven years later, Hurricane Isaac impacts Mississippi

Katrina anniversary is marked by the arrival of Hurricane Isaac, seven years to the day after Hurricane Katrina struck the US Gulf coast.
Hurricane Isaac tests levees, knocks out power in Louisiana (+video)

Hurricane Isaac packed 80 mph winds is about 50 miles south of New Orleans. It drove a wall of water nearly 11 feet high inland when it game ashore Tuesday night.
Hurricane Isaac slows, sucking up energy over the Gulf (+video)

Hurricane Isaac is crawling along at 10 m.p.h., and winds hit 75 m.p.h. as Isaac gained strength moving over the warm, open waters of the Gulf of Mexico. Hurricane Isaac is forecast to reach New Orleans early Wednesday morning.
European Central Bank prez skips key financial meeting

European Central Bank president Mario Draghi will skip Friday's pivotal meeting of the world's central bankers in Jackson Hole, Wyo. Mr. Draghi has promised that the European Central Bank will do everything it can to save the euro, sending the currency's value surging to seven-week highs.
Could tropical storm Isaac actually help break US drought?

Tropical storm Isaac is bearing down on the Gulf Coast, but once it gets inland, it is expected to bring much needed rain to drought-hit farmlands.
Tropical Storm Isaac bears down on New Orleans ahead of Katrina anniversary (+video)

The potential for a landfall as soon as Tuesday prompted evacuations along a wide area of the Gulf Coast and sent people out to stock up on staples.
Gas prices rise as Isaac throttles the Gulf

Gas prices are expected to jump 10 cents Monday to $3.008 per gallon. The rise in gas prices comes as Tropical Storm Isaac churns its way through the Gulf of Mexico.
Isaac lashes Florida Keys: Is New Orleans next? (+video)

Isaac threatens to become a Category 2 hurricane by mid week. Louisiana governor declares a state of emergency.
Isaac bears down on Florida, but Keys residents remain sunny

On Sunday, Tropical Storm Isaac skirted the Florida Keys, but barely ruffled residents. The storm is expected to gain strength, and could become a Category 2 hurricane Tuesday or Wednesday.
Tropical storm Isaac sweeps across Haiti toward Cuba, Florida

Forecasters expect that Isaac will be a hurricane by the time it makes landfall, likely on the Florida Panhandle late Tuesday or early Wednesday. The Republican National Convention, which opens in Tampa on Monday, is within the possible strike zone.
Isaac forecast: Storm could hit as hurricane near Pensacola, Fla. (+video)

But landfall wouldn't be until next Wednesday, so there's still considerable uncertainty about the projection. Tropical storm Isaac could affect Tampa before then, but that's still uncertain, too.
Tropical storm Isaac won't be a hurricane before Monday (+video)

Tropical storm Isaac is gaining strength, but isn't organized enough to become a hurricane before Monday. Isaac will hit Haiti and the Dominican Republic today, and Cuba on Friday.
Will Tropical Storm Isaac hit Florida? (+video)

Though the media has focused on possible effects of the storm on the Republican National Convention planned to take place in Tampa beginning on Monday, others worry about flooding and damage elsewhere.
Tropical storm Isaac: Why are Florida orange juice prices falling? (+video)

Tropical storm Isaac hit Puerto Rico Thursday and could be a Category 1 hurricane by Friday. Florida orange juice prices surged, but are now dropping as traders no longer fear a big hurricane.
Gas prices surge 34 cents since June

Gas prices rise unexpectedly from a combination of refinery and pipeline problems and increase in oil prices. But analysts don't expect average gas prices to reach $4 a gallon.