Gustav hold your breath

[69gt4speed]

Well we have 2 others suppose to hit next week sometime. Can't get my cousin but pwr is probably down.

[ZacFields]

Today's news on crude oil: Crude plunges almost $7.00 in response to Gustav's weaker than expected effect on the oil industry. Word is that some production will resume as early as this evening.

Today's price for crude oil -- around $106/barrell -- is a 4-month low.

Lots of people are speculating that the effect of hurricane season was already partially built in to the price of oil, since we are still sitting at extremely inflated levels (our oil price now is much higher than it was during Katrina) and when news broke that the big hurricane this season probably hasn't done any serious damage to the oil industry, now is a great time for investors to bail out of oil because aside from a hurricane headed for Georgia, which should have very minimal (if any) effect on oil, hurricane season won't be here again for another year.