Monday, September 3, 2007

Another monster that could conflict imact on rate setters.

Hurricane Felix strengthens to Category 5

The fastest recorded jump to a category 5, this is a monster, that could end up being very dangerous for the poor people of Central America. Lets hope that not too many people suffer. Some of the predictions show it following the same route as Dean, possibly further damaging and causing shut downs for the Cantarell Oil field (the second largest in the world). There is an outside chance it could head into the Gulf of Mexico towards America's oil fields. Its kinda relevant, because the Fed will be between a rock and a hard place if a hurricane causes an oil price spike just when they want to cut interest rates. All the traders are back home from holiday now, so it could have more impact than Dean.

Posted by planning4acrash @ 10:53 AM (1106 views)
Please complete the required fields.



13 thoughts on “Another monster that could conflict imact on rate setters.

  • One nice thing about Americans is that they are so big-hearted. When people are in need Americans are usually among the first to help. But if the average American is in financial difficulty there could be a lot less aid offered this time.

    Reply
    Please complete the required fields.



  • yes ,so big hearted
    just like hurricane catrina

    Reply
    Please complete the required fields.



  • shame bush and his hoots aren’t on their holidays in that region…

    this will push oil prices up if it moves the wrong way..

    Reply
    Please complete the required fields.



  • American people may be generous but their government isn’t. Their foreign aid per capita is very low (and usually seems to be paid in surplus American goods e.g. rice).

    Reply
    Please complete the required fields.



  • Cyril,

    Maybe this is because most of the wealth in the US is not held by the government but those that put them there. Bill Gates of Microsoft and Larry Ellison of Oracle each have enough money to fund the invasion of Iran.

    Reply
    Please complete the required fields.



  • planning4acrash says:

    The question is, will the FED be generous to its own with a rate cut if oil prices spike again and we see more inflation?

    Reply
    Please complete the required fields.



  • P_4AC_

    Do you know where there is an online map which shows the locations of the major oil pumping stations and petroleum production facilities in the Gulf of Mexico. I would like to compare the locations against the Tropical Storm Wind Map.

    Reply
    Please complete the required fields.



  • TR

    There was not much concern about the oil systems and hurricane Dean, and this one is further south – so probably not a major worry at this point

    Here’s a good graphic:

    http://www.nhc.noaa.gov/refresh/graphics_at1+shtml/085525.shtml?tswind120?large#contents

    Reply
    Please complete the required fields.



  • Seems to be staying south for the moment as far as I can tell, hopefully it won’t hit the gulf of mexico and will just devastate some area full of poor people without any assets or insurance.

    Fingers crossed 🙂

    Reply
    Please complete the required fields.



  • planning4acrash says:

    Talking Rot, check out http://www.theoildrum.com once the storm gets a bit closer. They always provide graphics of where the oil is, search their site for threads about Dean also. At the moment, it looks likely to hit Cantarell again, which is a major hub, but it has to cross land first. One prediction shows it going south, we’ll see. Like Benedict said, these things are never good, I’d rather it hit the oil infrastructure than the poor people of Central America. Not only to protect innocents who can’t get out of the way, but also because it may just stop rate setters from putting down rates, stoking another boom and inflation. If they do it, they’ll have to fudge the inflation figures for it to be credible. That’s something to watch out for, any changes in how inflation is measured and controlled.

    Reply
    Please complete the required fields.



  • benedict. I bet you’re just as compassionate as p4c, but you’re too embarrassed to show it. : )

    Reply
    Please complete the required fields.



  • planning4acrash says:

    From theoildrum.com

    “It looks like Hurricane Felix will hit the Nicaragua coast and decay a bit, then hit Belize and do some damage, and die out without causing much damage in Mexico at all, certainly not the offshore fields. The models from our friend Chuck Watson aren’t showing much infrastructure/energy impact at all; some disruption to the efforts to restore remaining damage from Dean, but that’s about it. So, this time let’s focus on the human cost of this storm and hope that it is minimal. Our thoughts are with them.”

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>