Thursday, April 8, 2010

More hurricanes = Energy price volatility

Philip J. Klotzbach and William M. Gray of the Tropical Meteorology Project at the Colorado State University has issued a new 2010 forecast and it calls for a higher than average hurricane season.

Highlights include 8 hurricanes (vs. an average of 5.9 for the 1950-2000 period), 15 named storms (vs. 9.6) and 4 intense hurricanes (vs. 2.3). More storms will mean higher energy prices and greater price volatility later this year.

Be prepared!

1 comment:

keithpiccirillo said...

I'm curious to see how property and casualty stocks behave as hurricane season is upon us.
Do you have any comments on Dr. Lo's Natixis funds, they seem conservative and poised to avoid a major draw down.
Readers can paste below link to read Barron's article.