For years, experts have been warning that a potential disaster looms if a major hurricane hits the New Orleans metropolitan area, much of which sits beneath sea level.
It is beginning to look as if those predictions may come true later this weekend.
Over last evening, Hurricane Katrina took a westward course away from the Mobile, Ala.-Florida Panhandle area and appears to be headed directly for the New Orleans area.
This website (be patient, takes awhile to load) shows the catastrophic flooding that will occur in the New Orleans area as a result of a category 3 hurricane.
Hurricane Katrina is currently predicted to hit the Louisiana coast as either a category 3 or even a 4 storm. Hat tip to my friend Scott Hagen for the link to this website.
If you are in New Orleans and reading this post, you should seriously consider getting out. Now.
Katrina a serious threat to New Orleans
As Tom Kirkendall at Houston’s Clear Thinkers correctly notes, New Orleans could be facing its Waterloo. Hurricane Katrina is now directly pointed at the city below water. I’ve written several stories about New Orleans’ precarious position, and I can s…
Tom,
how significant will Katrina’s effect be on gas production and prices?
-Sinker
I’m no expert by any means, but my sense is that short term spikes in the price of gas and oil are probably inevitable. The effect on production capabilities that could affect the longer term prices would be more dependent on the damage done to production facilities.