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Page added on August 2, 2007

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National Hurricane Center: Tropical Depression may form in Caribbean

… All weather models predict the system will remain south of Cuba and Haiti over the next week before slamming into Honduras, Guatemala, Belize or the Yucatan Peninsula in Mexico.


Two of the weather models show the storm crossing the Yucatan and the Bay of Campeche in the southern Gulf of Mexico before striking central Mexico. The Cantarell Complex of Mexican oil fields lies beneath the Bay of Campeche. It is one of the most productive oil fields in the world, supplying about two thirds of Mexico’s crude oil output.


The energy market watches for tropical storms because they can disrupt U.S. oil and natural gas production and refining if they enter the Gulf of Mexico.


Commodities traders also track tropical storms because they can damage crops in Florida and along the Gulf Coast.


Reuters



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