Tacking hurricanes before hurricane season starts is generally considered guesswork. Some years are predicted to be huge and they year ends up having few or no major hurricanes strike land. Other years are not expected to be massive yet major storms hit. The National Oceanic and Atmospheric Administration, or NOAA, is now predicting that 2010 will be a very busy year for hurricanes. This could pose an even greater risk to the BP spill in the Gulf of Mexico if that spewing well situation is not permanently sealed.
“An ‘active to extremely active’ hurricane season is expected for the Atlantic Basin this year according to the seasonal outlook issued today by NOAA’s Climate Prediction Center – a division of the National Weather Service.”… That is what the service reported this morning. The hurricane season officially starts on June 1, and NOAA is assigning a 70% probability of these ranges:
- 14 to 23 Named Storms (39 MPH or higher, names up N to W), including 8 to 14 Hurricanes (74 MPH or higher) with a range of 3 to 7 of those hurricanes being major hurricanes at a Cat-3, 4, or 5 (winds of at least 111 MPH).
Cited for the higher hurricane season prediction is that El Niño has dissipated in the Pacific, sea surface temperatures are expected to return to above average, and the high activity era is expected to stay on. While the current state of La Niña is neutral, the report noted that the chances of conditions are becoming increasingly favorable for La Niña to develop.
In short, you better at least start finding your old checklist of to-do items and to-buy items for hurricane season if you live on the coastal areas. I went out immediately after Hurricane Ike and took many photos of the damage that inside the 610 Loop in Houston, and that damage is minimal compared to what happens in towns and cities right on the coast such as Galveston.
The good news is that the offshore oil platforms have not had issues like BP’s Deepwater Horizon well that is trashing the Gulf of Mexico right now. The bad news is that if BP does not permanently seal that well then the Gulf Oil spill mixed with a hurricane is apt to leave the coastline painted from ground to roofs with crude oil.
JON C. OGG
No Commission Fees, No Minimums, No Velvet Ropes. (Sponsored)
Robinhood revolutionized commission free investing, and it continues to do so today. With a few simple taps you can trade stocks like Nvidia and Amazon, market beating mutual funds, and trade options with Robinhood Financial. FDIC insurance coverage is just another benefit.
And, you can buy and sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) with Robinhood Crypto.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.