<Wind power: some lessons from 2006The Oil DrumDrumBeat: June 4, 2007>

290 comments on Cyclone Gonu Thread 1

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Nate Hagens on June 4, 2007 - 11:54am Permalink | Subthread | Parent | Comments top

there is a live chart on the right sidebar just above the site meter showing WTI front month crude, which is up $1.35 -or about 2% just before noon EST. Nat gas up 4% but I think that has more to do with refining arb than the hurricane - how much LNG do we get from Qatar? Not alot now but in 5 years, yes.

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Leanan on June 4, 2007 - 12:12pm Permalink | Subthread | Parent | Comments top

AP thinks Gonu is partly to blame:

Also on traders minds is the Indian Ocean's Tropical Cyclone Gonu, which is threatening the oil-rich Persian Gulf, Flynn said. The storm is also turning some traders' focus to the Atlantic hurricane season, which some forecasts have predicted will be active.

"We've got the bulk of the hurricane season ahead of us," Flynn said.

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