|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
. | ![]() |
. |
|
![]() |
![]() by Daniel J. Graeber Miami (UPI) Aug 8, 2014
U.S. forecasters say one of the main drivers of higher fuel prices, hurricanes, should stay away for the remainder of the season. Forecasters with the National Ocean and Atmospheric Administration said it should be a below-average Atlantic hurricane season. "We are more confident that a below-normal season will occur because atmospheric and oceanic conditions that suppress cyclone formation have developed and will persist through the season," Gerry Bell, lead seasonal hurricane forecaster at NOAA's climate prediction center, said in a statement Thursday. When Hurricane Katrina, a category 5 storm, hit in 2005, U.S. retail gasoline prices increased 33 percent in the month that followed. Hurricane Sandy, a category 1 storm, left fuel shortages across much of the U.S. East Coast in 2012. Tropical Storm Karen was the only 2013 storm to affect production in U.S. waters of the Gulf of Mexico. It shut down 3.1 million barrels of oil and 6.7 billion cubic feet of gas in October. In June, the Energy Information Administration, the statistical arm of the Energy Department, said its mean estimate is that 12 million barrels of crude oil and 30 billion cubic feet of natural gas could be forced offline during the current hurricane season. That would be three and four times higher than 2013, respectively, if forecasts are accurate.
Related Links All About Oil and Gas News at OilGasDaily.com
|
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |