After numerous dress rehearsals during this 2008 Atlantic hurricane season, Hurricane Gustav’s predicted path could land the system squarely into the oil and natural gas patch of the Gulf of Mexico as a Category Three hurricane on Saturday or Sunday. The news was enough to light a fire under natural gas bulls, who pushed the September contract higher on Tuesday to close at $8.278, up 45.3 cents from Monday’s finish.
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Hurricane Dean Could Reach Gulf as Category 4 Storm
With the dress rehearsal of Tropical Storm Erin bringing some Gulf of Mexico evacuations and drenching rains to the Gulf Coast, oil and natural gas producers on Friday were bracing for the real thing to impact early next week as Hurricane Dean continued to strengthen in the eastern Caribbean.
Hurricane Dean Could Reach Gulf as Category 4 Storm
With the dress rehearsal of Tropical Storm Erin bringing some Gulf of Mexico evacuations and drenching rains to the Gulf Coast, oil and natural gas producers on Friday were bracing for the real thing to impact early next week as Hurricane Dean continued to strengthen in the eastern Caribbean.
CAISO Summer Simulation Finds No Major Congestion Issues
A grid operation simulation designed as a dress rehearsal for this summer in California reveals that there are “no major congestion issues” based on the schedules submitted in response to the simulation, which was overseen by the California Independent System Operator (CAISO), Yakout Mansour, CAISO’s CEO, told reporters last Wednesday. The final results of the simulation were set to be released last week.