Monday, September 01, 2008

Hurricane Gustav Fizzles In Terms of Impact On Oil Prices and Insurance Industry

A recent CNN post credits Hurricane Gustav with a projected economic impact between one-seventh and one-tenth of that of Hurricane Katrina. Meanwhile, oil prices are actually going down nearly 5% world-wide after traders are realizing that the oil platforms will likely not be impacted significantly.
I guess my recent fill up of both of our cars won't save my household much money. Here's a forecast of Gustav's path from Noaa.gov:

1 comment:

finance girl said...

Hello to a fellow La voice in the pac nw wilderness!

So glad Gustav was all talk, if you know what I mean.

But even as it was it was enough, thank you very much.

Link exchange by all means!