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October 19, 2007

Woolly Worms Predicting the Weather Our Best Hope

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woolybear.jpg NEW YORK (Reuters) - With confidence in private weather forecasters slipping in the wake of some prediction gaffes during the past couple of years, perhaps woolly worms and groundhogs can take up the slack.

 For instance, predictions for a severe winter didn’t pan out the last time around, nor did projections for a brutal 2006 hurricane season.

So as weather forecasters have begun releasing their predictions for winter, trying to give some early insight into the season’s likely demand scenario for heating fuels, some analysts are eyeing those predictions with a bit more skepticism than usual.

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