Well, yes, it will certainly miss all those offshore Texas, but it's taking straight aim on the newer and more valuable deepwater structures and facilities.
In fact, I'd argue that it's hitting the offshore oil and gas industry in the worst possible spot.
Page Hopkins was interviewing Congressman Jindal while showing footage of idiots standing next to the sea-wall. He was talking, then she started laughing. He quickly told her this was no laughing matter. I'm sure she felt like an ass after that.
The little heard of town of Port Fourchon has the Louisiana Offshore Oil Port.
It only handles a million barrels of oil a day.
Scratch Port Fourchon and the the La. Offshore Oil Port, and you have a tough time replacing the capacity to unload a million barrels of oil -- a day.
Admittedly, this place is West of the Mouth of the Mississippi, but a Cat 3 storm will probably knock it out.
So, in this case, Katrina coming close to this town will be enough to destroy enough capability as to hurt folks at the pump...
placemark