First the good news – models suggest New Orleans looks to miss the brunt of Hurricane Ike.

The bad new – compare the storm track above with the Gulf Coast Oil platforms and you’ll see the production area is on the east side of the storm, not a good area to be. I’m surprised oil prices managed to stay below $110 with the storm on the way. Maybe the oil bubble is over, maybe the market really doesn’t think this will hurt production…

The really bad news – Houston could be the new target of the storm.

Related posts:

1. Hurricane Ike Update: We're going to Houston!
2. Hurricane Ike Update – how much difference a day make
3. Hurricane Ike Update
4. Hurricane Ike is still on the way
5. Ike is a monster!