Storm Isaias Kills 4 and Cuts Power
Hurricane Isaias has resulted in the death of four people in the United States and caused power outages for more than 600,000 homes and facilities, after it struck the southern part of the country and transitioned from a hurricane to a tropical storm. Winds reaching speeds of 165 km/h have destroyed infrastructure and caused a downturn in the energy sector, with approximately 63% of oil production and 57% of gas production in the Gulf of Mexico suspended, leading to the removal of about 1.3 million barrels of oil daily from the market. The U.S. Department of Energy has announced plans to release up to four million barrels of oil from the Strategic Petroleum Reserve to address supply disruptions.
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