Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. (Bloomberg) — Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South. Nate was about 10 miles (16 kilometers) south of Puerto Cabezas, Nicaragua, with top winds of 40 miles per hour, the U.S. National Hurricane Center said an advisory at 8 a.m. New York time. The storm’s forecast track has it scraping the eastern edge of Mexico’s Yucatan Peninsula before becoming a hurricane south of Louisiana on Sunday. Nate could come ashore anywhere from Louisiana to Florida’s Panhandle. “Little change in strength is expected today as the center of Nate moves across […]