$19 Billion Weather Gamble~Weather Hedge Funds~WPVRadio~Video~ UNREAL! Weather Modification?

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http://www.youtube.com/watch?v=Qmf6IBatjgQ&feature=feedu

In this clip from our broadcast on 4/15/11, our special guest on "The Gulf of Mexico Update with Michael Edward" was Rosalind Peterson, discussing Weather Hedge Funds. Rosalind's sites are at http://agriculturedefensecoalition.org and http://californiaskywatch.com

The full 2-hour video can be viewed at:
http://vimeo.com/22569043

International Common Law Copy Rights by Michael Edward, The Living Light Network at http://livinglightnetwork.org, The Gulf Blue Plague at http://blueplague.org, and the World Vision Portal at http://worldvisionportal.org.



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CHECK THIS OUT!: Hedge Funds Pluck Money From Air in $19 Billion Weather Gamble
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aK9BWCFSRPnM

Aug. 1 (Bloomberg) -- Credit Suisse Group trader Patrick Ayash rarely reads earnings estimates and just skims news about inflation. One thing he never misses: the daily weather report.

Ayash, 31, is part of an army of mathematicians, hedge-fund whizzes and programmers pouring into the $19 billion market for weather futures, financial instruments tied to everything from storms over Kansas, an early frost in the Netherlands, or a frigid spring in New York.

The market was once a sideline for utilities looking to insure against swings in demand for natural gas or electricity. Now, with hedge funds increasingly hungry for market-beating returns, more are gambling on untested strategies. Tudor Investment Corp., D.E. Shaw & Co. and other funds are turning teams of statisticians loose to devise novel ways of exploiting weather fluctuations.



things just keep getting better...

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1. She is so right about america's food supply...

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2. `For meteorologists, it's just impressive to have a six- figure salary,'' Rogers says.

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3. Merrill Lynch & Co. got into the market in 2004 by buying the Entergy-Koch LP energy

Pennsylvania State University, which has one of the largest meteorology departments in the U.S., this year added a ``weather risk management'' program within its undergraduate major in meteorology. Each year as many as a dozen graduates of the school in University Park, Pennsylvania, take jobs with energy traders, insurers or hedge funds, says William Brune, head of the meteorology department. Twenty years ago, most joined the federal government, he says.

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4. `It's kind of like playing poker,'' says former Enron weather trader Marty Malinow,

``It's kind of like playing poker,'' says former Enron weather trader Marty Malinow, chief executive officer of weather insurer Galileo Weather Risk Management Advisors LLC in New York. ``You can be a bully to a certain extent, but at the end of the day, if your position isn't based on fundamentals, you're likely to lose.''

The market didn't exist until 1997, when Enron signed the first weather-derivative contract with closely held utility Koch Industries Inc., based in Wichita, Kansas.

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5. Comment: Wild winter weather spurs hedge funds’ business continuity plans

http://www.hedgeweek.com/2011/02/23/107928/comment-wild-winter-weather-spurs-hedge-funds%E2%80%99-business-continuity-plans- Wed, 23/02/2011 -
ason Nolan, certified business continuity planner at Eze Castle Integration, outlines the benefits of business continuity plans as sudden bouts of extreme weather conditions continue to dominate the winter weather news.

Mention the weather this season to nearly any hedge fund owner in any region of the country, and you’re likely to hear an earful. In regions facing the possibility of snow, ice, wind and flooding, hedge funds need multi-faceted plans to deal with the fallout.

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6. Hedge Funds Raise Bullish Gas Bets Most in Year: Energy Markets-2010

http://www.bloomberg.com/news/2011-01-10/hedge-funds-raise-bullish-gas-bets-most-in-year-energy-markets.html

Hedge Funds Raise Bullish Gas Bets Most in Year: Energy Markets

Hedge funds almost doubled bets on gains in natural gas as futures climbed to the highest level since August on forecasts for colder-than-normal weather.

The funds and other large speculators raised their net-long positions, or wagers on rising prices, in four gas contracts by 94 percent in the seven days ended Jan. 4, according to the Commodity Futures Trading Commission’s weekly Commitments of Traders report. It was the biggest increase in records dating to January 2010.

Natural gas climbed for seven straight days through Jan. 4, the longest advance since March 2008, as weather forecasters predicted a cold snap across the U.S. About 52 percent of the nation’s households use natural gas for heating, according to the Energy Department in Washington.

“Will the cold persist through the balance of the season? If it does, the floor has risen for natural gas,” said Teri Viswanath, director of commodities research at Credit Suisse Securities USA in Houston.

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7. I think we need a Tenth Circle of Hell...

...for those who manipulate and control so much wealth and create nothing, no-thing, of value.

x(

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8. Just gamblers