The rain it raineth on the just
And also on the unjust fella;
But chiefly on the just, because
The unjust steals the just's umbrella.
Charles Bowen
Meanwhile, back in the USA, Ike is in the Gulf, headed for Texas.
Ike is a curious beast, very large, with extended hurricane force winds, but relatively low central peak winds, for now. May be related to the fact it formed a concentric double eyewall for some time.
Texas coast is in for a wet time.
Galveston webcams for the morbid
Oil production in the Gulf is suspended in part, just as it was getting going after Gustav. However, on the current track the danger is to the Gulf coast refineries - about 1/3 of the US capacity.
If those are damaged, or knocked out for a while due to infrastructure and workforce issues, then oil prices could fall as petroleum prices spike, with possible absolute shortage supply.
The Oil Drum has the gory details - with the usual caveats on the risk weighting of emphasis - low probability, high risk scenarios are more interesting.
Me, I'm watching "invest 91L" - and hope I never meet it in person.
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