Wednesday, August 15, 2007
First Gulf storm of the season.
Tropical Storm Dean heads towards Caribbean
With oil at $70/barrel, a category 3 hurricane in the Gulf will be bad news. 100 oil workers already being evacuated, this is one to watch.
Posted by planning4acrash @ 11:34 PM (566 views)
3 thoughts on “First Gulf storm of the season.”
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planning4acrash says:
Note from http://www.oildrum.com who follow such hurricanes like hawks. “First a brief note on TS Erin in the GOMEX (Gulf of Mexico)…forecaster and Friend of TOD (The Oil Drum) Chuck Watson (of Watson Technical Consulting, the Kinetic Analysis Corporation, and the University of Central Florida Department of Statistics) says that TS Erin in the GOMEX probably won’t do much other than cause some evacuations (“Shell is already, some others like Apache were thinking about it this morning.”) Chuck’s early models are showing a 50% chance of 3.2 MMBBL production loss from the GOMEX over the next five days.
Dean may be more of an issue in about 8 days. Several reliable long range models show Dean in the GOMEX as a major storm. The Oil Drum will go in to “Drudge Siren” mode when and if we get real development from Dean and entry into the GOMEX. We’ll keep you posted”.
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– 3.2mmbbl loss would definitely send shudders through the oil market at a particularly hideous time for all markets.
planning4acrash says:
Shell evacuate 200+ staff from GOM
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2267569.ece
Su says:
Natural disasters are going to become more frequent and probably more devastating as time goes on. (according to biblical prophecy)