Emily is being written off....

[Comanche]

for a gulf storm north of about browsville now by energy companies as whole complex is getting whacked.

crude down $2.61, natural gas down $0.20 and unleaded down $0.08 (don't expect your pump price to fall fast on the way down even though they raise it as fast as the futures run up)

[gkrangers]

GOOD.

[Patrick99]

for a gulf storm north of about browsville now by energy companies as whole complex is getting whacked.

crude down $2.61, natural gas down $0.20 and unleaded down $0.08 (don't expect your pump price to fall fast on the way down even though they raise it as fast as the futures run up)

These days, you could pretty much make a living trading oil and gas futures based on the hurricane season.

[Cape Verde]

There are plenty of oil and gas facilities in the Bay of Campeche. Any production that gets knocked offline anywhere in the world has a global impact. Less so with natural gas than with oil, though.

[Swimdude]

As long as it takes less for a tank of gas, I can't complain.

[WeatherEmperor]

As long as it takes less for a tank of gas, I can't complain.

Neither can I my friend. Neither can I.

<RICKY>

[The Big Dog]

Oh man... I'm gonna take a drubbing today in the market. Most of the driller stocks are down 2-3%. Can't complain much though -- FSESX has done well for me lately.

[wlfpack81]

As I mentioned in another thread se-ern Texas still isn't out of the woods even if this storm were to take the NHC track all the way (which by extrapolation past the 5 day track would place landfall in n-ern Mexico). With a track like that surge into extreme se-ern Texas could still occur since they'd be on the n-ern side (right quad relative to wnw movement) of the storm. Also any rigs off shore se-ern Texas or just north of the Bay of Campeche could still experience decent squalls not to mention a nice batch of e-ly to se-ly swells from Emily so production could still be disrupted in these areas.

[Nimbus]

With the current forecast traders that had long positions are trying to get out early before the weekend.
Friday is usually the most volatile day of the week so I guess they think they are being smart getting out early.
The NHC is usually very conservative with track changes so nobody is very worried about a surprise tomorrow in the pits.

[Comanche]

look for a short covering rally tomorrow going into the weekend, especially if models starts trending a little more north on the coastline overnight. i have a gut feeling that corpus is going to get this one.

[Scorpion]

I have a gut feeling its coming to Cuba.

[southerngale]

I have a gut feeling its coming to Cuba.

Coming to Cuba? Are you in Cuba?

[dwg71]

I have a gut feeling its coming to Cuba.

Oh come on, Cuba...not in a million years. Just kidding. Your gut is entitled to its own opinion. My gut says enchiladas....

[Comanche]

funny thing, with the big energy complex selloff today on disounting production disruption, the market is trading much higher in the overnight session as the models have shifted north. be long, buy early and often!