To: Dennis Roth who wrote (89215 ) 8/14/2007 6:51:24 PM From: Dennis Roth Read Replies (1) | Respond to of 206160 DJ UPDATE: US GAS: Futures Finish Higher On Storm Fears (Table of Settlement and Cash prices at link)futuresource.quote.com "I think the fact that the market is rallying and falling on a storm (located) in the middle of the Atlantic is unprecedented," said Sanchez. "It's absurd. It's not even near anything yet." Hurricane forecasters at the NHC are not in agreement with the GFS model that sent traders running to buy back contracts. They see the storm moving over Puerto Rico within four to five days, but will not predict its path beyond that. BLOOMBERG: Nymex Natural Gas Advances as Tropical Storm Forms in Atlantic bloomberg.com Computer models later in the day suggested the storm could hit Houston, a major shipping, pipeline, and refining center, according to Weather Derivatives forecaster David Salmon. Salmon stressed it's too early to predict the path of the storm. ``Before it is all over, it could be Bangor, Maine, or Cozumel, Mexico,'' Salmon said in a note today... ... Price advances today are driven by speculators and have virtually no basis in fundamentals, according to David Gruber, president of Energy Management Solutions in Mason, Michigan, a fuel manager for institutional and industrial users. ``Truthfully, when it all shakes out coming into the fall, when you look at the storage as it currently exists compared to history, it's going to be a race to see who the next Amaranth is,'' Gruber said. ---- National Hurricane Center's projected path for Tropical Storm DEANnhc.noaa.gov An Air Force Reserve Unit reconnaissance aircraft checked out the system currently called 91L this afternoon. It's not yet a Tropical Cyclone. Its headed towards south Texas as these plots show sfwmd.gov It should at minimum bring more rain to Texas. ----- The Heat Wave, it's still hanging on in the SouthEast.wxmaps.org cpc.ncep.noaa.gov cpc.ncep.noaa.gov