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To: Gameboy who wrote (52391)10/4/1999 9:16:00 PM
From: Think4Yourself  Respond to of 95453
 
Tropical Depression Forms in Southern Gulf of Mexico

Miami, Oct. 4 (Bloomberg) -- A tropical depression formed in
the Bay of Campeche, located in the southern part of the Gulf of
Mexico, with winds of about 35 miles per hour, the National
Hurricane Center in Miami said.

The depression, the 11th to form in this Atlantic hurricane
season, was stationary about 150 miles east of Veracruz, Mexico,
at 5 p.m. U.S. Eastern time. Little movement was expected
tomorrow.

Should winds reach 39 mph the depression will be designated
a tropical storm and given a proper name. A hurricane has winds
of at least 74 miles per hour.

The movements of tropical storms and hurricanes are closely
watched by commodity markets and insurance companies for
potential damage crops, energy facilities or homes.

Natural gas markets are particularly sensitive to storms in
the Gulf of Mexico, since one-quarter of U.S. gas production is
located in the gulf, mostly near the Texas and Louisiana
coastlines. Rigs are often evacuated and shut down when storms
approach.