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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (321)9/17/2003 11:02:10 PM
From: Roebear  Read Replies (3) of 108716
 
iso, latest read, mine and Joe B

RE insurance premiums. Don't know if they were high, but they will be, ggg.
My Marines are just a few miles to 40 miles from ground zero for this, Camp Lejeune. The daughter is required to stay available for duty during the storm, so they could not evacuate:

storm2k.org

My own opinion is Izzy will hit 30-40 miles east of where NWS currently is predicting, right on or just seaward of Cape Hatteras, and then procede in a more northerly direction (than NWS projection) up the Chesapeake Bay/Delmarva peninsula. This will cause maximum storm surge damage. The water of the Chesapeake will be pushed up from the south by the storm while the rivers will be piling all kinds of water in from the north, both from recent heavy rains and the heavy rain associated with Izzy. An exact approach up the east side of Chesapeake would create maximum damage and likely the highest storm surge ever seen in that area.

Bastardi reports that the eye is 50 miles wide and likely to tighten as it approaches land, this may be enhanced by the cold air the storm is moving into as it heads farther north. For every 10 mile tightening of the eye the storm will add 10 mph. Current pressure is 953, which is lower than predicted.

This NWS storm track is similar to #8 1933 Hurricane, though Izzy is nearly 20 millibars stronger at 953 vs 971:

weather.unisys.com

I found out, while researching this storm, something I did not know, that the late August 1933 hurricane turned the Assateague Peninsula into Assateague Island. I've spent many a day on the beaches of Assateague:

assateague.com

Best Regards,
Roebear
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