luckypete, you are right that the threat doesn't have to be there for spikes in the mkt.
however in this case, imho this is a non-event for the most part. why? because ts barry brewed up today when the mkt had closed. barry's projected path makes it short lived over the gulf and takes it n ne through fl & ga, straddling the eastern seaboard. barring any major changes, come monday this storm will be around the new england states.
another point to consider is the concentration of oil platforms and what platforms are in the area is minimal compared with going deeper into the gulf. whats there can be operated by a skelton crew while many systems are automated.
now your point about disruption of marine traffic with shipments from the caribbean headed up the e coast. once again in this example, timing... storm will be far up the coast come monday morning if the projected models bear out. secondly, ships will sit further out off the coast until ts passes by.... but the report did come out and show oil draw downs a couple of days ago lower if i'm not mistaken.
but barry will make the mkt serve notice until the next storm.
have a great weekend pete.
rook
