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AT 1500Z THE CENTER OF TROPICAL STORM
KATRINA WAS LOCATED NEAR LATITUDE 24.7 NORTH...
LONGITUDE 76.7 WEST WITH
MAXIMUM SUSTAINED WINDS NEAR 35 KTS... 40 MPH... 65 KM/HR.

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So, tell me, please, how this monster" 35 kt weather system shut down oil & gas production in the Gulf of Mexico?

We're talking about a system that is presently over Nassau Bahamas where the winds at ground level are not even affecting the local boating activities.

When does the B.S. stop?

Shame on any financial reporter in the mass media for parroting the party line.

The B.S., by the way, started in the early morning hours in Singapore, out of the AP offices. It was a story that somebody paid to be manufactured for the consumption of those traders who suffer from credulity syndrome, i.e., they read and believe the "news".

This incident is another example why, for many years, I have said that the capital market is a game that plays people.

If you don't understand for whom the mass media works (clue number 1, 2, and 3: it's not you), then don't play the game. You'll get ill every time you drink their lemonade.

BTW, for those who are interested in facts, Katrina is presently just north of Nassau, with max winds over Abacos that are insignificant. The "storm" is now 1150 miles east of Houston TX, moving NW. There is practically zero pct probability of getting anywhere near Houston. Jacksonville FL maybe, but don't cancel your tennis game.

For those who care.

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Katrina 2:00pm ET update: So now I'm receiving private meterologist reports. Why?

Why do people make life more difficult than it is?

According to the lat-long co-ordinates, the "storm" has just passed by Nassau Bahamas on a North-Northeast direction. I checked the weather there, which is a simple procedure I'm sure all of you do, and the wind is all of 12 mph.

Except for a little rain, it's just another day in paradise.

And there are no oil & gas wells there! :-)