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Pastimes : Hurricane and Severe Weather Tracking
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To: Road Walker who wrote (2275)8/28/2005 1:16:59 PM
From: patron_anejo_por_favor  Read Replies (3) of 26092
 
It's very painful to me, John...I have alot of memories embedded in that town. Also a few remaining relatives and quite a few friends, but they've all evacuated so I'm not so worried for them. The city has been sooooo lucky for sooooo long, unfortunately all winning streaks end eventually.

Maybe the storm will bounce a little further to the east, that's their best chance at this point. Unfortunately there has been a HUGE amount of development on the Mississippi gulf coast in the last 20 years, so the property losses will be substantial no matter what I fear.

The oil and gas infrastructure has been discussed a lot. I think there will be major damage to the superport off the mouth of the Mississippi (Port Fourchon), that currently handles about 15% of all oil imports to the US (mainly off loads tankers and pipes the oil to refineries further north along the Mississippi. I expect gasoline prices to spike on Monday, as much as 15-20 cents on the futures market, crude will probably hit 70 or so, alot will depend on the post storm damage assessment. Property casualty insurers will also take a big hit (Allstate, Chubb, AIG) if NO is flooded significantly or if it is a direct hit (ie, the storm passes to the west of 30.0N and 89.6W).
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