Ernesto First Major Storm Of The Season

[werewolves]

Just when oil prices were starting to relax Ernesto starts to bang the barrel.

Hurricane alerts issued for Ernesto

Hurricane watches were issued Saturday for Jamaica and the Cayman Islands as Tropical Storm Ernesto picked up power in the Caribbean. Forecasters said Ernesto could be a hurricane by Monday, churning out winds of 74 mph or higher as it nears western Cuba and the United States.

http://www.cnn.com/2006/WEATHER/08/26/ernesto/index.html

Combined with Irans continuing nuclear ambition this should firm up oil prices early this week, which will exert further inflationary pressures.

The hurricane's spook effect may linger longer than the material threat, but the lack of progress in the Iran situation will likely to exert a more persistent price pressure.

Ernesto, bit of an iffy name but then when you're a hurricane who is going to argue with you?

P.S. Just for a laugh I bumped up the Katrina thread from last year. It's always funny to look at things with the retrospectoscope.

http://www.housepricecrash.co.uk/forum/ind...showtopic=14564

Edited August 26, 2006 by werewolves

[Realistbear]

I can hear the hands rubbing together over at BP, Shell, Total and Exxon! Shouts of "Bring it on..." "Yeah Babeee" "Crack open the Dom and Churchills.."

[oracle]

and this is just the start of hurricane season.

there's still another 2 months of it.

[DabHand]

What and when was the autumn peak price for oil last year?

I note that for commodities, places like yahoo never list more than 5 day history. I have my own dim view of why that is but l'll save that for another thread.

[Guest wrongmove]

What and when was the autumn peak price for oil last year?

I note that for commodities, places like yahoo never list more than 5 day history. I have my own dim view of why that is but l'll save that for another thread.

Here is the price of Brent crude for the last 12 months (source: BBC website)

Some historic data here http://www.wtrg.com/prices.htm and here http://inflationdata.com/inflation/Inflati...rices_Table.asp for example.

I look forward to your thread !

Edited August 26, 2006 by wrongmove

[Converted Lurker]

I can hear the hands rubbing together over at BP, Shell, Total and Exxon! Shouts of "Bring it on..." "Yeah Babeee" "Crack open the Dom and Churchills.."

Is Pol Roger 'Churchill' still considered good?

[Guest Alright Jack]

I can hear the hands rubbing together over at BP, Shell, Total and Exxon! Shouts of "Bring it on..." "Yeah Babeee" "Crack open the Dom and Churchills.."

I see your point. If I was an evil oil baron and I saw another hurricane threatening to blow a ruddy great hole in billions of dollars of platform infrastructure then yeah, I'd be rubbing my hands with glee....

RB, you don't think stuff through!

[the end is a bit nigher]

if you want to play this for money then you should buy US natural gas futures and look to sell mid-sept

current price is 7400 to buy

edit

trading just opened - available to buy for 6975

edit

bought at 6825

Edited August 27, 2006 by the end is nigh