WASHINGTON, DC (June 17, 2008) –
In the past 30 days, far-reaching changes have occurred in the atmosphere not seen in almost 70 years that could have profound consequences for global energy markets.
Energy Business Watch (EBW) will bring to the New York Marriot Marquis, June 26, a special, 3-hour discussion (beginning at 3:00 PM) with three of the top weather scientists in the world – Dr. Roland Madden (whose pioneering work led to the discovery of the Madden-Julian Oscillation), Harry Van Loon (one of the foremost experts in the world on El Nino/La Nina events) and Dr. William Gray (perhaps the best known expert on hurricanes).
This all-star trio of renowned weather scientists will be joined on the program by EBW's nationally-recognized Publisher, Andy Weissman, and EBW's Chief Meteorologist, Dave Melita – who has demonstrated repeatedly a unique capability to accurately predict major weather trends on an extended range basis.
"The atmospheric changes currently under way have the potential to change the price trajectory for energy for much of the rest of this year. The information provided at our Forum is likely to have a direct and immediate impact on the market," said Weissman, with urgency.
David Melita continued: "Developments in the Pacific during the past 30 days indicate that we could see some major, previously unexpected shifts in the El Nino/La Nina cycle. The data that comes in over the next 10 to 14 days is particularly critical. We expect to be able to comment on these developments more definitively, therefore, at our program on June 26th."
"The information presented on the 26th could be a real game changer – with major market impacts for both oil and natural gas," Melita added.
The program will provide critical insights regarding:
· Possible abrupt changes in weather conditions that could have an immediate major impact on energy prices;
· The risk of a major hurricane striking the Gulf of Mexico and/or the eastern seaboard between now and the end of September;
· The potential for an El Nino condition to develop in the Pacific; and
· How weather is likely to affect the U.S. and global oil and natural gas markets this winter.
In addition to a timely discussion of energy markets, the forum will focus on recent research by one of the members of the panel (Harry Van Loon) which suggests the potential for a significant decline in the average mean temperature globally beginning in the next 12 months.
This shift has profound ramifications for the debate on climate change that extend well beyond the potential direct impact on energy markets.
To register for the event, please go to http://www.energybusinesswatch.com/enotice/climate_forum.php
About Energy Business Watch.
Energy Business Watch provides cutting-edge market analysis of U.S. and global natural gas, oil, and electricity markets on a weekly and monthly basis to many of the world's leading energy producers, users, traders, and investors -- as well as government officials, analysts, and educators. For more information about Energy Business Watch market advisory services, consulting services, speaking engagements, and special reports visit their website at http://www.energybusinesswatch.com/.
Note: A Press Briefing will be conducted between 1:00 PM-2:00 PM on Thursday, June 26 at the Marriot Marquis.
For Media Inquiries Contact:
Phone: (202) 312-9127