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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (68199)8/29/2005 1:47:14 AM
From: Taikun  Read Replies (2) of 74559
 
<Ms. Katrina’s possibilities were that bullish for energy>

While some hedge funds will work to drive up the price, others may use this as an opportune moment to exit positions.

Since we have little experience with a hurricane of this magnitude, there is a chance the effects will have some permanence. Whatever supply slack the shoulder season was going to create, if this takes 10% offline (between refineries and producers) that will do it. The SPR will have little impact if the repairs take months.
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