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Pastimes : Hurricane and Severe Weather Tracking
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To: CalculatedRisk who wrote (8674)7/21/2008 6:43:11 PM
From: Archie Meeties  Read Replies (1) of 26021
 
Basically should be ignored in terms of its effects on oil production. Might not be good for the grapefruit trees though.

Katrina has decreased the potential effects of hurricanes on gulf production going forward. After 1988 offshore platforms were engineered to withstand category 5 storms. The vast majority of platforms that were destroyed by Katrina were pre 1988 jobs - something like 95%. Those that are remaining can (and did) withstand a cat 5 storm. There will still be brief shutins, but not the type of destruction seen with Katrina.

Biggest potential economic impact of a hurricane this year would be on the Houston or Florida RE market, if any get close. A beneficial effect, that is.

...wonder if that's why you started this thread?
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