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March 14, 2006
Summer Oil Prices: Upside Threats
AccuWeather is reporting that Atlantic surface water temperatures are high and similiar to last years' surface water temperatures which fueled the massive hurricane season. [thanks to Mike Shedlock, again] The warmer the surface waters in the tropical Atlantic, the easier it is for storms to form up and the more intense they become. There is significant risk of another really bad hurricane season in the Caribbean and Gulf of Mexico, which could increase the shut-in risks due to the fact that not all damage in the oil producing areas have been permanently fixed.
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Posted on March 14, 2006 04:44 PM by hurric585.
Filed in Hurricane! under hurricane wilma.
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