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Ain't that a kick in the head
According to the National Hurricane Center, Hurricane Dean hit landfall this morning near Chetumal, the capital of the Mexican state of Quintana Roo. For those of you who've partied in Cancun and Cozumel on the Yucatan Peninsula, Chetumal is just south of these locales. The Category 5 Hurricane is as large as the state of Texas and is the strongest storm to hit landfall since Hurricane Andrew hit Florida. Hurricane Dean is expected to effect the entire Yucatan Peninsula from Belize to Cancun. (Photo courtesy of Broadway to Vegas)
Like the Sailor Said quote, Ain't that a hole in the boat
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Mexico's state owned oil company, Petróleos Mexicanos, aka PEMEX shut down their refineries in the Gulf, but this should not effect prices here in the States as the storm will miss the Gulf refineries that the US gets a third of US Crude production. Oil is dropping for the 2nd consecutive day, (down $1.63, closing at $70.35) trading right now at $70.67.
Posted by The Bushido
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