BP’s New Storm Watch Ahead in Gulf Spill (BP)
The BP plc (NYSE: BP) clean-up in the Gulf of Mexico has a new worst friend that is maybe coming over for dinner. A possible tropical storm, cyclone, or depression poses a risk. While this is a ways out and…
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The good news is that shower activity has been reported as less organized. A tropical depression is not expected to form today but the NOAA report says that environmental conditions remain favorable for further development as it heads toward the Bahamas on a West-Northwest trajectory. NOAA gives this a high chance at 60% of becoming a tropical cyclone in the next 48 hours.
As with all storms, where it ends up is dependent upon many factors. Still, heavy rain is expected. So far, the Gulf of Mexico clean-up operations has avoided any major storms as the storm activity has not produced a direct hit to the area. Unfortunately, there is still about 100 days of hurricane season left.
Can Tony Hayward get blamed for storms?
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
