Isaac strengthening ;-) but probably minimal impact to Oil Price
Tropical Storm "Isaac", the ninth named storm of the Atlantic-Caribbean hurricane season, has formed in the Atlantic Ocean and looked to be on its way to strengthening into a hurricane, although models indicate the storm's path will keep it out of the Gulf of Mexico.......................Forecasters in Houston said Isaac was unlikely to make its way into the Gulf of Mexico and was not at this time expected to affect oil and gas operations there.
http://www.upstreamonline.com/live/article1263292.ece
Filed Under: Exploration & Production,
Disclaimer:
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


15 Posts on this Thread show/hide all
I would not worry about it, Isaac tends to blow hot and cold.
A twist in the tale....
BP, Shell begin Isaac evacuations
http://www.upstreamonline.com/live/article1263654.ece
Nice to know that we still have our sense of humour!
Keep up the good work.
MD
In reply to flyingbull, post #2
Looks like it is going to cause some trouble, according to the forecasts:
Current comments on the same website suggest that the hurricane will reach Category 2 with winds up to 105mph.....but it is a developing situation. IIRC Hurricane Katrina in 2005 looked like a pussycat at this stage in a similar location (and same time of year) but strengthened dramatically through the Gulf.......and it wouldn't surprise me if Isaac also caused major trouble.
Still - at least that would lead them to force Isaac into retirement ;-)
ps....with Isaac and the Venezuelan news, it is going to be a busy day in the oil markets in the next few days!!
Couple of interesting articles here and here. No doubt that more similar comments will emerge during today!
In reply to emptyend, post #5
Aiming for New Orleans again!!??
In reply to flyingbull, post #6
Downgraded to a Category 1 expectation today though, so shouldn't cause too much damage - just a few days disruption?
Meanwhile the fact that fires are still burning in the Amuay refinery seems to make the estimate of a 48 hour restart look rather over-optimistic!
In reply to emptyend, post #7
Back up to category 2 on the latest estimates.......
In reply to emptyend, post #8
Looking unlikely that it will reach hurricane strength now......might just make it into Cat 1
In reply to emptyend, post #9
http://www.nhc.noaa.gov/text/refresh/MIATCUAT4+shtml/281618.shtml
They never should have called the storm Isaac....
In reply to Isaac, post #11
I must admit that thought had crossed my mind...it'll be seeking Obama's resignation and an immediate sale of all Gulf of Mexico oil assets..
Cheers
Six lists of storm/hurricane names.....
http://www.nhc.noaa.gov/aboutnames.shtml
The six lists above are used in rotation and re-cycled every six years, i.e., the 2012 list will be used again in 2018.
The only time that there is a change in the list is if a storm is so deadly or costly that the future use of its name on a different storm would be inappropriate for reasons of sensitivity. If that occurs, then at an annual meeting by the WMO committee (called primarily to discuss many other issues) the offending name is stricken from the list and another name is selected to replace it. Several names have been retired since the lists were created. Here is more information the history of naming tropical cyclones and retired names. http://www.nhc.noaa.gov/aboutnames_history.shtml
In reply to Isaac, post #11
I dunno about that.......
Capricious, blows one way and then (after a short pause) blows entirely the other way, produces vast quantities of stuff until one is up to one's neck in it, often creates collateral damage and hassle........sounds like an Isaac to me ;-)
In reply to Isaac, post #11
Gordon Bennett!
I have just given him a thumbs up!!
Nice laugh, I, thanks if that was what you intended.