The hurricane

To all that read this blog and as mentioned in this same place last month the Brent price

Fell to a more acceptable price of around 68 dolars per barril…This according to analyst was due to the fact that the Hurricane Dean weakened to 85 mph as it plowed through the Mexican jungle on its way to the Bay of Campeche.

The hurricane, which killed at least 12 people across the Caribbean, picked up strength after brushing Jamaica and the Cayman Islands..

Petroleos Mexicanos, the state-owned oil company, evacuated almost 19,000 workers and ordered 437 offshore wells shut down.

Royal Dutch Shell Plc, Europe's biggest oil company, and Noble Corp., the forth-largest offshore oil and natural-gas driller, began returning workers to rigs in the U.S. Gulf of Mexico today so they can restart pumping and drilling. Most U.S. offshore oil and gas wells in the Gulf are off the coast of Louisiana, between Texas and Mississippi, north of Dean's path which is very good news…