‘Extremely Dangerous’ Hurricane Michael Heads for Florida’s Panhandle

  • Storm warnings now issued as far north as the Carolinas
  • Gulf oil production cut by 40%, natural gas output by 28%
Hurricane Michael's Path Puts Cotton, Commodities at Risk
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Hurricane Michael is set for a Florida landfall Wednesday, a Category 3 storm poised to punish the panhandle with 120 mile-per-hour winds and a "life threatening” surge that could cause $15 billion in damage.

Residents in Michael’s path were urged to evacuate by Tuesday night, before the storm tipped onshore near Panama City. The swift-moving monster has already cut Gulf of Mexico oil production by 40 percent and natural gas output by 28 percent. Storm warnings and watches have now been issued for the Atlantic coast as far north as the Carolinas.