So, Crofts and cohorts, human and cetacean, have gifted the Caribbean, with thousands of TB’s. I have been watching tropical depressions seem to peeter out and bounce off landfall for months now.
Monster hurricanes were predicted, planned for, and monies were invested to profit from same. Seems some hedge funds are not laughing all the way to the bank, however. The following is from Financial Times Deutschland:
"…Hurricanes caused devastation to thousands of Americans last year, destroying homes, work and families. But this year the lack of hurricanes in the US has brought financial havoc to some hedge funds.
Amaranth Advisors warned last week that its main funds were down more than 35 per cent this year in the wake of losing bets on natural gas. This follows the admission that fellow hedge fund MotherRock Energy Fund was closing down, and that investors would not receive any of their original investment after the fund suffered “substantial losses resulting from extraordinary volatility in the natural gas markets”.
MotherRock and Amaranth took big positions in US natural gas this summer on predictions of another season of hurricanes disrupting supplies, which in turn would have sent prices higher.
So far, there have been no hurricanes in the Atlantic basin that have disturbed the oil and gas platforms, pipelines or tankers in the Gulf of Mexico. Oil and gas traders have almost given up on any supply disruption and have been selling oil and gas futures…."