Natural Gas Users Beware
Natural gas users had better hunker down.
A early forecast for the 2008 hurricane season put out by AccuWeather.com predicts chances are up for hurricanes making landfall within the United States.
They say that’s because waters near North America will be warmer — and warm water is the fuel hurricanes search for as they work their way across the oceans of the world.
Hurricane Ivan disrupted oil and natural gas supplies for months in 2004, and in 2005, Hurricane Katrina disrupted more than a quarter of Gulf of Mexico production the following year when it came through.
Tony Say, a natural gas marketer who is president of Clearwater Enterprises, told me earlier this week that any disruptions caused by hurricanes might impare the nation’s ability to rebuild its natural gas supplies before winter arrives.
Such a scenario could have a dramatic impact on prices paid for the gas by traders, and consequently, prices we pay for using it in our homes.
Jack Money
Business Writer
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