With US hurricane season in picture analysts are wondering how to handle the winds blowing at more than 100 miles per hour. Dean devastated the coasts of Mexico recently, closing down the refineries of Crude in the major producing nation, Sigh of relief was there after it became the Category 2 storm from Category 5 storm. But this is not the last storm of the season, infact the opening one, plenty more to follow……….
Dean made its spectacular presence felt on Mexico's Yucatán Peninsula on 23rd August morning as a very powerful Category 5 hurricane. At that time the storm's strongest sustained winds were 165 miles (266 kilometers) an hour. Crude Oil escalated to almost $ 82 per barrel on NYMEX, on depleting inventories and rising blustery weather, on the qualms that the refineries in Gulf of Mexico will be hit hard.
Dean made its spectacular presence felt on Mexico's Yucatán Peninsula on 23rd August morning as a very powerful Category 5 hurricane. At that time the storm's strongest sustained winds were 165 miles (266 kilometers) an hour. Crude Oil escalated to almost $ 82 per barrel on NYMEX, on depleting inventories and rising blustery weather, on the qualms that the refineries in Gulf of Mexico will be hit hard.
Department of Atmospheric Science, University of Colorado has lowered there forecast slightly, yet they have persisted their call for a very active Atlantic Basin Hurricane Season in the year 2007.
For September University has predicted 5 named storms, 4 Hurricanes and 2 major hurricanes and Net tropical Cyclone Activity (NTC) of 80 which is well above the September average value of 48. October-November forecast calls for 5 named storms, 2 hurricanes, 1 major hurricane and NTC activity of 42, which greatly exceeds the October-November average value of 22.
SAFFIR-SIMPSON HURRICANE SCALE
Category 1 – Winds 119-153kph
Category 2 – Winds 154-177kph
Category 3 – Winds 178-209kph
Category 4 – Winds 210-249kph
Category 5 – Winds 249kph or higher
The next to come was Felix but no major threat was formed. Hurricane Humberto the latest in the making (Categor-1) forced major refineries in US to shut down their operations. The refinery affected (owned by Valero Corp) has the capacity to produce 325000 barrels per day Crude Oil. Humberto is the eighth named storm this year.This is just the start of the season, falling inventories, rising demand and winds blowing all round are all parked to lead Crude to whimsical upward ride. DEVASTATION PERSONIFIED……..
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