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!