They are more worried about water damage than wind damage. IF Ike stays at current strength, not really a wind problem. Refines, ‘should’ be able to handle anything Ike throws at them. We might see a price rise for awhile, but once damage is assessed, and repaired price should start dropping again.
(speaks someone who’s Dad worked offshore and in refines for over 20 years).
I grew up in Houston and most of my family are still there. If Ike strengthens to a Category 4 or 5, then the pipelines underneath the Houston Ship Channel are going to be stressed heavily. I remember back when I was in grad school at Baylor College of Medicine we had torrential rain that lasted about 15 hours...everything flooded and the pipelines cracked and blew sky high. We were all waiting for the plague of locusts to infest the city :-).