Storm Exchange Energy Weather Risk Outlook: September-November 2008Storm Exchange, Inc.August 28, 2008 13 Pages - SKU: STEX1898449 |
| Countries covered: United States Storm Exchange’s September Weather Risk Outlook for Energy provides a 90-day projection of the impacts of the weather on businesses in the energy industry. Based on a combination of atmospheric climate trends, advanced computer-driven seasonal prediction models and analog forecasts, this report provides users with statistical probabilities of adverse weather conditions on a regional basis and the 3-month forecast of climate and weather risk and the resulting impacts on the energy sector. This month hurricanes represent one of the key threats to the energy sector While the Gulf region’s refineries dodged the brunt of Hurricane Gustav, the energy sector remains at risk as hurricane danger will be at its peak from September through mid-October. There are six to seven more named storms likely on their way throughout the season, according to the report. The continued threat level is likely to remain a risk to energy price volatility, regardless of any supply disruptions resulting from a hurricane strike in the western and central Gulf. This monthly weather risk outlook report is developed by Storm Exchange’s team of research scientists and meteorologists at its Weather Operations Center on the Penn State University campus in State College, PA. |
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