The big story of national interest this weekend was the worsening ecological sitch in the Gulf, specifically as it pertains to the seafood industry. The waters may be unsafe for shrimping for longer than what we had initially thought, and people are apparently searching high and low for a way to play this crisis financially.
Ain’t that America?
Anyway, I had accidentally predicted this development last Friday with my post Shrimp Futures Soar on Gulf Oil Spill. It was a sardonic yet prescient piece of writing in which I quoted a fictional spike in the ‘Shellfish Index’ and mentioned the trading activity on the ‘New York PrawnEx’.
Well, a glance at my blog’s backend statistic page tells an interesting tale this morning – the search engines are being flooded with speculators and investors looking to play the potential scarcity crisis in gulf shrimp. Viewers are being directed to my site when placing the following queries in the Google search box:
“How can I buy shrimp futures”
“Gulf shrimp crisis plays”
I won’t turn this anecdote into a story on ‘the state of risk appetite’ or anything like that, but I will lament the fact that I have no way to express the shrimp trade for my own benefit. Shorting Darden ($DRI), the owner of Red Lobster, had crossed my mind, but I think most of their shellfish is frozen, farmed or fake anyway.
Holler at me if you have any interesting plays, I’m looking around but have come up with nothing so far…
Meanwhile, having a website that’s search engine optimized and relevant for the term “Shrimp Futures” is my crowning achievement as a blogger.