Weather forecast are getting better with refined satellite technology + powerful supercomputers. For businesses, and for individuals, getting better information on weather is very important, especially travel, agriculture and energy firms. The advent of trading of weather derivatives is rather interesting + most weather-derivatives contracts are based on the temperature. WeatherBill and Priceline have launched online ventures tapping into this new market. Caveat! Watch out for weather speculators!
Useful links:
www.weatherbill.com
www.weather.com
www.wmo.int
www.priceline.com
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