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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (47455)	2/6/2002 12:30:26 AM
From: RR	Read Replies (2) \| Respond to of 65232

How'd u know I'm an Eagle Scout? Order of the Arrow, God and Country, too. RR

To: elpolvo who wrote (47455)	2/6/2002 5:17:35 AM
From: stockman_scott	Respond to of 65232

US Forecasters See More Evidence of Coming El Nino Tue Feb 5, 2:59 PM ET WASHINGTON (Reuters) - U.S. government weather experts on Tuesday said warmer temperatures expected in the Pacific Ocean off Latin America were more evidence of the return of El Nino, a weather phenomenon which can cause deadly flooding and devastating droughts. Governments, farmers and energy companies are closely watching weather forecasts because the last El Nino in 1997-98 caused billions of dollars in damage worldwide. El Nino, meaning "boy child" in Spanish, is an abnormal warming of waters in the eastern Pacific Ocean that usually happens once every two to seven years. First reported by Latin American fisherman, the weather anomaly was usually seen around Christmas. Weather experts at the National Oceanic and Atmospheric Administration predicted warmer sea surface temperatures off the coasts of Ecuador and Peru over the next few weeks. "This warming represents an early stage of El Nino's onset," NOAA Administrator Conrad Lautenbacher said in a statement. "It seems likely an El Nino will develop in the tropical Pacific in the next three months." Over the past few month, NOAA officials said they have observed a slow trend toward El Nino as below-normal sea surface temperatures in the central Pacific gave way to above-normal readings. Last month, NOAA predicted for the first time that an El Nino event would likely occur this year. NOAA said it should know by the end of spring the potential magnitude of El Nino for the rest of 2002. The last El Nino was a severe one that was blamed for searing droughts in Australia, the Philippines and Indonesia and floods in Peru and Ecuador.