2008 Atlantic hurricane season

[Driven1]

That cone is huge so all bets are off at the moment.

dats what she said.

[gatorback]

Hurricane Gustav formed overnight with winds 80 mph. Gustav is probably going to be a major storm.  Looks like it is tracking away from FL and toward the Yucatan.  This can only mean 1 thing.  Higher oil prices.   

[BridgeTroll]

N.O. may want to begin preparation now...

[Jason]

Let's hope that the "XTRP" track doesn't happen.

If this thing hits the Gulf of Mexico, Louisiana may see another major storm.

[Ocklawaha]

I get the feeling they are thinking if it hits the Gulf of Mexico, the steering currents will shove it east into Florida.

I'll call it,

Landfall above Tampa, cross state and out near us.

YUCK.

OCKLAWAHA
This will NOT change oil prices, Bush will kill Amtrak to save the national budget and rescue the victims!

[gatorback]

Yuck is right...Tropical Storm Gustav with winds up to 50 mph is heading for a US landfall heading straight toward all those oil platfroms.  Wait, is this projected to be a Cat 4 at landfall?

[apvbguy]

Yuck is right...Tropical Storm Gustav with winds up to 50 mph is heading for a US landfall heading straight toward all those oil platfroms.  Wait, is this projected to be a Cat 4 at landfall?

and how much oil was spilled when katrina came through the same area? NONE!
the sky is not going to fall!

[gatorback]

True.  Very true.  We got lucky..well, except for your pocketbook.  Remember, the price at the pump when katrina came throught...yes, that is starting to happen now and the g dawg is hundres of miles away...and not even a hurricane...so what is your point?

[apvbguy]

True.  Very true.  We got lucky..well, except for your pocketbook.  Remember, the price at the pump when katrina came throught...yes, that is starting to happen now and the g dawg is hundres of miles away...and not even a hurricane...so what is your point?

the price of oil and nat gas rose because of prospect of disruption to supplies which did happen because the rigs were shut down and distribution points on land were damaged and close for a brief time. My point is that it is this same fear of spills from offshore rigs that is driving the resistance to allowing more offshore exploration in the US, Katrina was a worst case scenario and there was no environmental accidents, the fear of off shore drilling by enviro whackos, who are really economic terrorists is just a red herring issue that is and will continue to stunt our nation's energy growth and in turn hurt our economy which will hurt all of us

[gatorback]

...no enrironmental accidents..

If that's what we're calling Oil Spills today then I completely agree with you.  Don't know which issue of Big Oil Weekly you got your information from but during hurricane Katrina radarsat snapped this pic of massive oil spills where you said there were none.



I'm all for safe drilling.  I think we have a ways to go as evident from the photo.  Don't you think? 

PS Shell is starting to evacuate their personnel from their platforms today.

[gatorback]

Just days before the 3 day weekend...

By PABLO GORONDI, Associated Press Writer
2 hours, 47 minutes ago

Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico, home to a quarter of U.S. crude production.

[Charleston native]

Gator, again you miss the point. Millions of gallons of crude naturally seeps into the oceans everyday, so oil platforms in the Gulf are trivial in comparison. There were a few minor spills, but the ocean is doing just fine since Katrina. The "Big Oil Weekly" comment was out of line...apv provided some legitimate arguments for the price increases. All the more reason to drill in places that are void of hurricanes...like ANWR.

[apvbguy]

Just days before the 3 day weekend...

By PABLO GORONDI, Associated Press Writer
2 hours, 47 minutes ago

Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico, home to a quarter of U.S. crude production.

oil price quotes are taken from a futures exchange where oil is traded.
the operative word is FUTURES!
investors are buying these contracts hoping that this storm will damage or disrupt oil supplies in the gulf, if they are right and the storm causes damages that disrupts supplies they stand to make a handsome profit, if the storm misses the area or hits the area but causes little disruption then prices could tumble because these speculators will have to sell the contracts they have no use for.
The problem is that these jiggles in the market are moving through the supply chain way too quickly and having too much of an effect on the end consumers (you and me).
Prices go up like a rocket and come down like a feather, the real culprits in the fuel market is the middle men, the guys between the oil companies and the fuel station owners who are the ones jerking the prices we pay at the pump around more than necessary

[gatorback]

CN:  Perhaps you missed his point..."how much oil was spilled when katrina came through the same area? NONE!", which is misinformation.  That what we found the pipelines were not purged of oil...  In fact, in May 2006, the U.S. Minerals Management Service published their offshore damage assessment: 113 platforms totally destroyed, and - more importantly - 457 pipelines damaged, 101 of those major lines with 10" or larger diameter. At least 741,000 gallons were spilled from 124 reported sources (the Coast Guard calls anything over 100,000 gallons a "major" spill). See the photo above for the slicks.

So I really don't see your point "a few minor spills."  And your opinion is respected here.

apv:  I agree with your argument on price increase...that this is a problem across all commodiities.

CN: With respect, my comment is not out of line I want to know where you guys are getting this information?

My info is from U.S. Minerals Managment Service and the U.S. Coast Guard.

[Jason]

I wonder what New Orleans is doing in preparation for Gustav?  NWS shows it on a colision course with Louisiana as  cat 3.  Could this be Katrina 2??