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Forecaster Gray sees seven hurricanes in '08

SAN FRANCISCO (MarketWatch) -- Hurricane forecaster William Gray issued his 2008 outlook Friday, predicting another active season that will include seven Atlantic hurricanes -- three of them qualifying as "major."

The report also puts the odds of a major hurricane slamming into the U.S. Gulf or East Coast next year at 60%, slightly above the 52% average over the past century.
Gray, professor emeritus at Colorado State University's Department of Atmospheric Science, heads one of the world's best known hurricane forecasting teams. Their reports are closely watched by energy traders, the travel industry, farmers and insurance underwriters, as well as by the millions of people residing along the hurricane-prone Atlantic and Caribbean seaboards.

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