Wednesday, 29 August 2012

Hurricane Issac swamps America, is there an opportunity?

Dear Friends,

7 years ago, America suffered from Hurricane Katrina. Now we have Issac.

See this article:
http://www.marketwatch.com/story/oil-slips-as-storm-shutdowns-ease-demand-2012-08-28

Will there be a rise in the oil price or natural gas? The last time round natural gas price for Katrina shot up. Currently this round, there has not been such a sight yet. But today crude did go up 60 cents.

I feel that this time round, America is quite prepared. It would not be as bad as Katrina 7 years ago when Americans are caught unaware. So I think Crude oil this time would not shoot up terribly. But having said that, there might still be some opportunities.

Let us continue to watch the progress. Today CNBC keeps focusing on this hurricane... we keeping a lookout also.

Rgds
Daniel
www.danielloh.com

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