Dog days of crude

August 17, 2017 09:15 AM

The NHC says that:

1. Showers and thunderstorms are showing signs of organization in association with a low pressure system located about 550 miles east of the Lesser Antilles.  Environmental conditions appear generally conducive for development, and this system has the potential to become a tropical depression while it moves westward across the tropical Atlantic Ocean and into the Caribbean Sea on Friday. Regardless of development, locally heavy rainfall and gusty winds are expected to spread across portions of the Lesser Antillestonight and Friday, and interests there and elsewhere in the eastern Caribbean should monitor the progress of this system. An Air Force Reserve reconnaissance aircraft is scheduled to investigate the disturbance this afternoon, if necessary. * Formation chance through 48 hours...medium...60%.  Formation chance through five days...high...70%. 

2. A second area of low pressure located about midway between the coast of Africa and the Lesser Antilles continues to produce disorganized showers and thunderstorms. Gradual development of this system is possible during the next few days while it moves west-northwestward at 15 to 20 mph, but upper-level winds are expected to become less conducive for tropical cyclone formation when the disturbance moves north of the Leeward Islands this weekend. * Formation chance through 48 hours...medium...40%. * Formation chance through five days...medium...50%. 

3. A tropical wave located over the far eastern Atlantic Ocean near the Cabo Verde Islands is producing disorganized showers and thunderstorms.  Gradual development of this system is possible during the next several days while it moves westward to west-northwestward at about 15 mph. * Formation chance through 48 hours...low...near 0%.  * Formation chance through five days...medium...40%.

Well, it has been almost a decade since I was a featured Speaker at the Money Show. We filled some big rooms and met some awesome people! Well, I thought I was retired from my travel and speaking days but my oil friends in Texas convinced me to come out of retirement! So, to all my good oil friends down in Texas, sign up for the Money Show in October before it sells out! It will be great to meet all of you in person finally. I’m excited to talk oil in the heart of oil in the Big D! It is about time someone gives you credit for all the good you do for the US economy and the great state of Texas. Look for The Money Show in Dallas, Oct. 4-6, 2017. Hope to see you there!  

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About the Author

Phil Flynn is a senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. Phil is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets.