The First Bowling Ball of the Hurricane Season?

Submitted by Chaster on August 25, 2006 - 12:21pm.

http://www.theoildrum.com/story/2006/8/25/91113/9720#more

Looks like the first Gulf of Mexico Bowling Ball (Hurricane) is on its' way... Will it be a strike or a gutter ball?

It's a bit early to say (hasn't even reached Tropical Storm level yet) but all the forecasts look remarkably similar - this storm is headed for the Gulf - if it doesn't die out. Currently, it's getting stronger.

Markets are already reacting to the mere *possibility* of a hurricane in the GOM:

http://news.yahoo.com/s/nm/20060825/bs_nm/markets_oil_dc_31

It's now officially been upgraded to Tropical Storm status and is named Ernesto. seems to be well on its' way to becoming a hurricane and also making a beeline for the gulf...

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Bowling ball

Submitted by Jerry on August 26, 2006 - 8:04pm.

I hope it's a strike!

I'm still short the Russell 2000 with 250% leverage!

Also, in the August 2006 newsletter of the Stocktradersalmanac.com, they make their first direct reference to global peak oil. They predicted a year ago based on the current cycle we're in that the Dow will drop to around 9000 this year. In all my years of using them, they've never been wrong.

Jerry