Tropical Storm Fay has decided she doesn't want to run through the Gulf, sparing offshore oil and gas operations and heading toward Florida instead. Naturally, oil prices that had jumped up earlier in the day have since receded to $112.87. You can understand Fay's concern. Who wants to head toward that nasty green Gulf water when you have Florida right there calling for you? She has the culturally rich communities in Miami and Boca Raton to visit, making her way north through Tampa Bay and then Orlando where she can hang out at Universal Studios and Disney World. When she finally exits Florida on Wednesday afternoon, I'm sure she'll be all the happier for it. Whether or not Floridians will be is another matter. –Stephen Payne, Editor, Oil and Gas Investor This Week; www.OilandGasInvestor.com; spayne@hartenergy.com
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