Tropical Storm Fay has oil analysts concerned - WDRB 41 Louisville News

Tropical Storm Fay has oil analysts concerned

A Tony-nominated actress from the Broadway musical Legally Blonde got stocks started off in positive territory.

But Wall Street kept an eye on Tropical storm Fay as it moves closer to the oil operations in the Gulf of Mexico.

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As tropical storm Fay nears Florida, analysts are watching the oil operations in the Gulf of Mexico.

It appears the storm will not disrupt oil installations.  But the price did go up about a dollar higher in trading.  It then fell below $113 a barrel.

Prices could swing higher as Fay picks up speed and heads for the oil-rich Gulf of Mexico.  As a precautionary measure, Shell Oil is evacuating nearly 400 workers from its operations there.

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The nation's second largest home improvement retailer is not building its profits.  The housing slump is taking a hit on Lowe's.

The retailer showed downbeat sales and profit outlook as it feels the pain from a weak housing market. But the results are better than analysts predicted.

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It's not easy being green, but one man has spent his lifetime finding new ways to conserve.  And it seems going back to basics is saving energy.

Inventor Michael Dabroski has been playing with the sun for 30 years.  He has worked fixing everything from televisions and stereos to supertankers.

His souped-up Honda Insight is no ordinary hybrid.  He hacked into the car's computer and altered it so the driver, not the car, decides whether to operate on gas or electric:  "I'm almost retired now, I'm 62 years old.  I don't have any children, so if I can leave something on this earth, some ideas or just a way of thinking maybe, I've done my part, I've left something positive on the planet."

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