el nino

El Nino has formed in the Pacific. This weather condition causes decreased hurricane activity in the Atlantic (which we are already experiencing), drought in Australia, the Philippines, and Southeast Asia, and mild winters in North America.

Meteorologists say that they won't know if this years' El Nino will be a strong one until the fall. By the time they can tell, it will be too late to make any investments on this basis.

My bet will be on the weather being severe. The reason is that the hurricane season has been extremely mild so far.

What kind of effects will a strong El Nino cause? Rising crop prices and lower oil and gas prices.

This forecast doesn't look good for PDC. Well, there's not much I can do but look for opportunities to buy it really cheap, and wait for next winter.