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An ill wind for gas prices

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posted on Jun, 1 2008 @ 01:51 PM
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An ill wind for gas prices


money.cnn.com

The perfect storm
The National Oceanic and Atmospheric Administration (NOAA) released its tropical storm forecast Thursday morning, saying there is a 65% chance of a stronger-than-average hurricane season and only a 10% chance that it will be weaker than normal. The outlook indicates a 60% to 70% chance of 12 to 16 named storms, with six to nine becoming hurricanes and two to five turning into major hurricanes.

But it doesn't take a strongly active hurricane season to cause major disruption to oil drilling and gasoline production in the Gulf.

"The makeup of a storm can have all the difference," said Flynn. "Slow moving storms have a tendency to churn up underground pipelines, so you don't need a category five to do a lot of damage."

Andy Radford, policy adviser for oil industry trade group American Petroleum Institute (API), said the average hurricane halts oil drilling production for over a week. Rig workers are forced to evacuate two to three days before the storm hits, and as soon as it's safe to return, they have to check for damage and restart production.

"When the offshore oil pumps get shut down, it takes a lot to get them back on," said Radford.

(visit the link for the full news article)




posted on Jun, 1 2008 @ 01:51 PM
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This is what I have been saying (for more info check on my past posts!) With what we have been seeing as far as tornadoes go!
www.thedailygreen.com...

This article states that a strong tornado season is typically followed by a strong hurricane season with numerous storms (2004 to 2005 was an example of this)!

money.cnn.com
(visit the link for the full news article)



 
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