TODAY IN ENERGY: Tuesday, August 28, 2012
Worst drought in decades could affect U.S. energy markets
Despite the imminent landfall of Hurricane Isaac in the Gulf Coast, the United States is currently experiencing its worst drought in decades, as measured by the U.S. National Oceanic and Atmospheric Administration (NOAA). Droughts have relatively well-understood impacts on food crops and markets. But droughts can also affect energy markets.