Meter Reading: Gulf Oil Production Still ‘Soaked and Idle’ After Isaac, Trial Run for Cap and Trade, and More

Photo by Chris Graythen/Getty Images

Henry Cox pulls his boat through deep water while rescuing residents from the flood waters of Hurricane Isaac in the River Forest subdivision on August 29, 2012 in LaPlace, Louisiana.

Many coastal refineries soaked and idle – ”Pump prices continued to rise as downgraded Tropical Storm Isaac drenched Louisiana, even though concern about gasoline supplies seemed to vanish Wednesday.” — Houston Chronicle

A Late Bet on Coal May Not Pay Off – “A vast new coal-fired power plant and mine that is now approaching completion in downstate Illinois is likely to be one of the last of its kind in this country.” — New York Times

Trial run for cap and trade auction – “Come November, California will open North America’s first full-scale carbon market, in which companies buy and sell the right to emit greenhouse gases from their factories, power plants and oil refineries.” — Fuel Fix