Tropical Storm Nicholas is lashing the U.S. Gulf Coast with torrential rain that could drag on for days, knocking out power, unleashing floods and dealing another blow to the energy industry just two weeks after Hurricane Ida. The storm made landfall in Texas at about 12:30 a.m. local time near the Matagorda Peninsula with top winds of 70 miles (110 kilometers) per hour, the eighth tropical cyclone to hit the U.S. this year. “Life-threatening” flash floods are expected across the Deep South over the next couple of days, the National Hurricane Center said. Power outages shut two critical fuel pipelines to the Northeast and a natural gas export terminal. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake