Hurricane Michael is intensifying as it races toward Florida, with winds forecast to exceed 120 miles an hour and a “life-threatening” ocean surge expected to cause as much as $15 billion in damage.
Homeowners in Michael’s path have been advised to evacuate by late Oct. 9, before it makes landfall Oct. 10 near Panama City. The storm has already cut oil production in the Gulf of Mexico by 40 percent and natural gas output by 28 percent.
