This page has been archived and commenting is disabled.

Is Isaac The 'New' Katrina?

Tyler Durden's picture




 

Tropical Storm Isaac has battered the hopes of an on-time departure of the Romney-Ryan express and now looks set to threaten New Orleans and the Gulf. Weather trackers are predicting an increase in intensity given its size and the storm's predicted paths are set to cross straight through the middle of the Gulf's oil production in a replay of the terrible August of Katrina (though we can only hope not as severe). All major rig operators are evacuating which leaves output notably down already. (via Bloomberg)

  • *U.S. SAYS 24%  OF OIL OUTPUT SHUT FOR TROPICAL STORM ISAAC
  • *U.S. SAYS 8.2% OF NATURAL GAS OUTPUT SHUT FOR ISAAC
  • *U.S. SAYS 39 PLATFORMS EVACUATED FOR TROPICAL STORM ISAAC
  • *U.S. SAYS 8 RIGS EVACUATED FOR TROPICAL STORM ISAAC

and as a reminder - the average US retail gas price rose 75c during Katrina...

Isaac's predicted path (via WeatherBell models)...

 

goes straight through the oilfields... (source: Forbes)

and the impact of Katrina is very clear - a 75c rise in average US retail gasoline prices from Aug 2nd to September 5th...

 

The green-dotted line is the 'average' price change through the year for the average US retail price of gasoline - it would appear the rise this year (blue) is right on target at the moment - but a Katrina-esque spike will be the final 'transitory' nail in the coffin of this curmudgeonly stagnation.

 

Chart: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 08/26/2012 - 15:18 | 2738914 johngaltfla
johngaltfla's picture

Uh, no. The conditions are not the same. However if the storm strengthens to Cat 3, then New Orleans will be a distant memory.

Sun, 08/26/2012 - 15:26 | 2738929 SilverDOG
SilverDOG's picture

Hide your firearms, and yourself.

Sun, 08/26/2012 - 15:32 | 2738937 vast-dom
vast-dom's picture

and with oil so too shall gold and silver rise. 

Sun, 08/26/2012 - 16:06 | 2738979 flacon
flacon's picture

Don't forget corn, soy, wheat and beef, pork, etc. 

Sun, 08/26/2012 - 19:29 | 2739091 lakecity55
lakecity55's picture

And Urban Pacification Cardz

 

I want the one that comes with Stripperz

Mon, 08/27/2012 - 01:12 | 2740186 Manthong
Manthong's picture

Well, at least all those rigs we paid Petrobras two billion dollars to park off Brazil are out of harms way. 

Mon, 08/27/2012 - 08:25 | 2740515 Element
Element's picture

Is this like Katrina?

HELL NO!

It's nothing anywhere like the scale and intensity of Katrina, it's an emaciated pathetic little spiral cloud band compared to Katrina.  I watched Katrina in detail from before it formed east of Miami, until it's final landfall and dissolution.

Isaac is pitiful compared to the visual and data-stream horror that was Katrina before it hit the gulf coast.

Sun, 08/26/2012 - 17:12 | 2739095 DoChenRollingBearing
DoChenRollingBearing's picture

Isaac is affecting us about as much as Katrina did (some but not much in S FL).  The wind and rain has been enough to keep us in today.  While Isaac is not projected to be as strong as Katrina, yes, it will force temporary abandonment of offshore oil facilities. But, these guys (usually) know what they are doing, and if they rebuilt their Katrina-damaged facilities stronger than they were before Katrina, then there should be less damage.

Review of Barron's -- Dated 27 August

http://tinyurl.com/9kbsk6b

Mon, 08/27/2012 - 20:02 | 2742294 Old Poor Richard
Old Poor Richard's picture

...know what they are doing...

Snort.

 

Sun, 08/26/2012 - 18:38 | 2739294 sosoome
sosoome's picture

Torrential rain and wind not good for the soy crop, but on a good note, it looks like the river levels will be coming up.

Sun, 08/26/2012 - 15:41 | 2738950 Ray1968
Ray1968's picture

Has anyone else noticed that we'er at the end of August and this is the 1st storm to threaten the US? But but but..... global warmng... more hurricanes... yadda yadda

Sun, 08/26/2012 - 15:59 | 2738970 LetThemEatRand
LetThemEatRand's picture

This reminds me of the Drudge propaganda where he'll point out that it snowed at some particular global warming rally, setting up the false idea that scientists predicted that snowfall would heretofore be a thing of the past.    By the way, you may want to look outside  a single country once in a while if you want to discuss the effects of something which actually uses the word "global" as part of its very name.

Sun, 08/26/2012 - 16:48 | 2739061 max2205
max2205's picture

When do we vote again. Obamocane

Sun, 08/26/2012 - 18:41 | 2739225 slewie the pi-rat
slewie the pi-rat's picture

here:  HPC Surface Analysis/Radar Loop

unfortunately the actual weather map has "decoupled" from the zH "model" a bit and the storm is ashore over the everglades and heading into tampa right now

hi, mittens!

what i find interesting is that at the center of the storm, the "glass" is barely below 1000

so this is a big rainstorm but it doesn't seem to pack a lotta punch

once it hits land like this, pretty hard to get stronger isn't it?

but maybe it will slide below that Hi and dump some water along  bigRiver

that other rain (from the west) is hitting the same river system, where we recently saw so little water that the barges were waitng to get thru

so there might be a water event along the southRiver but this doesn't look like anything the mississippi watercourse can't handle by mid-week at the latest

this is no Katrina and the rain, especially from the missouriR system sould be welcome b/c it looks to re-open the river to traffic

that's "good" news tho

oops?

Sun, 08/26/2012 - 18:43 | 2739308 sosoome
sosoome's picture

It'll have plenty of opportunity to get wound up once it's further west in the warm gulf.

Sun, 08/26/2012 - 21:34 | 2739841 slewie the pi-rat
slewie the pi-rat's picture

yup;  get "gulf looped" for da pump & dump!

and the latest  says there is "recoupling to model" as the storm is moving "a little to the left" (link):> Tropical Storm ISAAC Forecast Discussion

a little to the right! woulda been better!  L0L!!! 

this is worth a click b/c it charts the expected MAXwinds thru friday but so far...(peak :> 100 mph winds max by wed)...

ALTHOUGH SATELLITE AND RADAR IMAGES HAVE SUGGESTED THAT THE TROPICAL CYCLONE WAS BECOMING A LITTLE BETTER ORGANIZED...AN AIR FORCE HURRICANE HUNTER AIRCRAFT INVESTIGATING ISAAC THIS AFTERNOON HAVE FOUND THAT THERE HAS BEEN NO STRENGTHENING OF THE STORM.

as you say... yet!
"AND VERTICAL SHEAR SHOULD REMAIN FAIRLY LIGHT FOR THE NEXT COUPLE OF DAYS."
and then...? but so far, so good...

this is the motherPicture :> HPC Tropical Cyclone QPFs 

and here's katrina's rainfall totals:>  katrina rainfall totals

the storm center is now @992 mb;  and katrina got down to almost 900 and hit NOLA at abt 920+ mb;  so 'watch the glass' to see if we start shaping into this :> katrina

right now we got a ways to go to get there and things are happening slowly and will probably continue to develop slowly;  worst-case scenario sucks but for this evening this isn't quite as bad as expected.  so far

Mon, 08/27/2012 - 03:49 | 2740297 HungrySeagull
HungrySeagull's picture

One seaman to another... the term Glass is rarely used these days.

 

I see the glass falling here...

Sun, 08/26/2012 - 17:04 | 2739085 hoos bin pharteen
hoos bin pharteen's picture

Get back to us all on "global warming" when you have an explanation for the Medieval Warming Period that doesn't involve cooked algorithms to "hide" it.

Sun, 08/26/2012 - 17:19 | 2739096 CompassionateFascist
CompassionateFascist's picture

It's not a steady-state planet. You have ice Ages, you have tropical Ages. They come and they go, irrespective of you humans and your puny deeds. Once, there were dinosaurs in Antarctica. And they're coming back.

Sun, 08/26/2012 - 17:23 | 2739114 LetThemEatRand
LetThemEatRand's picture

"irrespective of humans and their puny deeds"

It's ironic that you would say that but use for your icon a picture of a puny human exploding a nuclear device, enough of which exist to effectively kill every living thing on the planet through radiation and nuclear winter.   But we don't even need to imagine such things to prove you wrong.   I'll tell you what -- why don't you go hang out in Fukishima for a while and then get back to me on what humans can and cannot do to fuck up the planet.  The radiation is invisible and TEPCO says it is safe so why worry? 

Sun, 08/26/2012 - 17:33 | 2739122 CompassionateFascist
CompassionateFascist's picture

No one gets outta here alive. And I now have alternate avatars. Like global warming, they come and they go. Sometimes it's the Bomb. Sometimes it's Italian Folgore Division paratroops, anchoring Rommel's line at El Alemain: lightly armed but held out against incessant Empire air, armored, and tank attacks for two weeks. 90% KIA. Only Axis division granted full battle honors by victors in WW II. True Fascists.

Sun, 08/26/2012 - 17:38 | 2739140 Spastica Rex
Spastica Rex's picture

Global warming, peak oil, and other socialist/Jewish/homosexual deceptions are transparently impossible because God would have never created a world where a hard working man, without any guilt,  couldn't purchase the biggest pickup truck he could afford. It's a simple ontological contradiction.

Sun, 08/26/2012 - 18:00 | 2739180 CompassionateFascist
CompassionateFascist's picture

s'Truth

Sun, 08/26/2012 - 19:27 | 2739461 lakecity55
lakecity55's picture

It's THE SUN's Fault!

Sun, 08/26/2012 - 19:43 | 2739521 Fail2Deliver
Fail2Deliver's picture

Everyone knows it is obviously Bush's fault

Mon, 08/27/2012 - 01:24 | 2740196 Manthong
Manthong's picture

Great free podcast on Puplava on the climate change scam..

http://www.financialsensenewshour.com/broadcast/fsn2012-0825-3.mp3

 

Sun, 08/26/2012 - 18:14 | 2739222 Clycntct
Clycntct's picture

Yeaaa what he said.

Sun, 08/26/2012 - 18:00 | 2739182 Monedas
Monedas's picture

LetYouEatSand !    Global warming bitter clinger !

Sun, 08/26/2012 - 19:06 | 2739384 Jack Burton
Jack Burton's picture

LetThemEatRand, Of course his post is a bought and paid for post by one of the PR firms hired to post anti science posts on any and every climate or weather related story. His premise is an embarrassment to the simplest intelligence out there.

To claim that this being the first hurricane to make land fall in America this year and it is already August somehow disproves global warming due to CO2 increases in the atmosphere trapping heat is simple beyond measure. And demonstrably wrong on all counts. Being wrong is a bage of honor for a certain type of American. There is no accounting for their willful ignorance. But, the best part about it is that they can't run and they can't hide, they can only use dubious logic to deny. Reality affects them as much as anyone. I enjoy listening to how desperate they get in denial of things like a record artic sea ice minimum already this year.

Two kinds of deniers post on ZH, those PR employees paid to do so, and the usefull idiots who actually believe what an oil company tells them to think. Inability to think is a widespread American trait, fueled by the US public education system and the religious right who collect money from their believers so their high priests can live in lazy luxury. Such as the drug fueled moron Rush [I am a draft dodger coward] Limbaugh.

Sun, 08/26/2012 - 19:12 | 2739397 akak
akak's picture

At the risk of many red arrows slung in my direction, I must agree, and must further state my objective observation that there is a vast amount of hypocrisy and kneejerk thinking in the debate over global warming --- with the bulk of it coming from the right-wing, not the left.

(That is not an endorsement of left-wing politics in any way, shape or form.)

Sun, 08/26/2012 - 19:18 | 2739421 Jack Burton
Jack Burton's picture

Drudge is a paid liar. If he is a drug addicted coward fat big mouth draft dodger whore like Limbaugh I do not know. But I do know he is paid huge sums to be a liar and to go on being a liar. He has a simple minded following who are too lazy to think so they read Dridges lies as a substitute for thought. They can get their opnions ready made by the big liar Drudge and his corporate masters who pay him money to lie

Like the Limbaugh corporate whore who spends his millions on drugs and under age boys and viagra.

Sun, 08/26/2012 - 22:45 | 2739993 goldfish1
goldfish1's picture

I <3 Jack Burton

Mon, 08/27/2012 - 09:15 | 2740633 Liposuction
Liposuction's picture

Why won't someone stop the lies perpetrated by hyperlinks to other sites??!

SUPPORT THE INTERNET!

END THE HYPERLINKS!

Sun, 08/26/2012 - 16:01 | 2738971 Hohum
Hohum's picture

Ray1968,

Get your head out of your ass.  Whatever you think on climate change, the number of named storms is quite high (compare Hurricane Andrew, the first named storm, in August 1992).  In many seasons, no hurricanes strike the US of A.

Sun, 08/26/2012 - 16:08 | 2738978 Ray1968
Ray1968's picture

Kiss my ass.....

Everyone writes a paper with a theory. One guy predicts more rain, another guy predicts drought. One picks more hurricanes, the next picks less. Same for snowfall. No matter what the outcome... the result is global warming.

Hey how about this.... it is a fucking natural cycle!!! Hurricanes happen. Get over it.

Please pull your head out of your ass.

Sun, 08/26/2012 - 16:24 | 2739013 Hohum
Hohum's picture

Ray1968,

You didn't address your misunderstanding of hurricane history in the USA.  I made no comment re: global warming.  Good luck on separating your cranium from your rectum.

Sun, 08/26/2012 - 17:54 | 2739171 adr
adr's picture

It could be that they used to not name every thunderstorm like they do now. I'm sorry but a tropical depression with 40mph winds should not be given a name.

The number of hurricanes and sever storms declined after the Katrina season, but somehow we still kept getting into the lower letters of the alphabet. The only answer was that storms that weren't strong enough to get named before , were geting named now.

A strong front with severe thunderstorms blew through Ohio with sustained 50mph+ winds, gusts up to 60mph+. That storm didn't get a name. Probably did more damage than Isaac will.

Sun, 08/26/2012 - 22:10 | 2739926 CrockettAlmanac.com
CrockettAlmanac.com's picture

It drizzled the other day. I named it Darrell.

Sun, 08/26/2012 - 19:04 | 2739378 Ray1968
Ray1968's picture

Hohum: wow, because of you, I've reevaluated my entire world-view and corrected my fundamental misunderstandings of hurricanes. How can I ever repay you??????.

/sarc

Sun, 08/26/2012 - 22:54 | 2740014 goldfish1
goldfish1's picture

I think hokum is better.

Sun, 08/26/2012 - 16:29 | 2739025 hardcleareye
hardcleareye's picture

TROLL........ (and an ignorant one at that.....) lol


Sun, 08/26/2012 - 17:38 | 2739141 Stoploss
Stoploss's picture

Another thread wasted on some fuck head know it all government ass pumping cock and cum guzzling retard.

Oh please help meeeee, help meeee!!  LOL!!

Sun, 08/26/2012 - 22:59 | 2740026 goldfish1
goldfish1's picture

to think my precious life was wasted reading that. bleech.

Sun, 08/26/2012 - 17:06 | 2739088 lakecity55
lakecity55's picture

Even the simplest among us cannot see AGW is just another Tax Increase.

Sun, 08/26/2012 - 19:10 | 2739392 Jack Burton
Jack Burton's picture

Simple? You said it! AGW is just another tax increase. Wrong! Is being wrong fun? Is being proud of being wrong a kick or what?

Sun, 08/26/2012 - 19:24 | 2739452 lakecity55
lakecity55's picture

Cool, you can pay my share of the phony AGW taxes, Gorebot.

Sun, 08/26/2012 - 17:51 | 2739165 Acet
Acet's picture

Actually the increase in temperature of the oceans means more of the stronger hurricanes. That would be how global warming would affect hurricanes in the the US.

I believe that's the point the previous poster was making about "more named hurricanes" (only the stronger ones are named).

So far, what has happened in there is consistent with an increase in average ocean temperatures and thus global warming.

More in general, one would really had to be seriously willfully-blind to deny things like the ever shrinking ice area in the Artic.

 

As far as I know. outside the ranting rabid-anti-ecologist-cause-they're-pinkos fringe, nobody denies global warming.

The one thing that might still be open to discussion is wether global warming is being caused by man or not.

Sun, 08/26/2012 - 22:19 | 2739943 CrockettAlmanac.com
CrockettAlmanac.com's picture

The BEST data shows no warming in over a decade. And they're pro-AGW.

 

 

Scientist who said climate change sceptics had been proved wrong accused of hiding truth by colleague

 

But today The Mail on Sunday can reveal that a leading member of Prof Muller’s team has accused him of  trying to mislead the public by hiding the fact that BEST’s research shows global warming has stopped.

Prof Judith Curry, who chairs the Department of Earth and Atmospheric Sciences at America’s prestigious Georgia Institute of Technology, said that Prof Muller’s claim that he has proven global warming sceptics wrong was also a ‘huge mistake’, with no  scientific basis.

Prof Curry is a distinguished climate researcher with more than 30 years experience and the second named co-author of the BEST project’s four research papers.

Her comments, in an exclusive interview with The Mail on Sunday, seem certain to ignite a furious academic row. She said this affair had to be compared to the notorious ‘Climategate’ scandal two years ago.

In fact, Prof Curry said, the project’s research data show there has been no increase in world temperatures since the end of the Nineties – a fact confirmed by a new analysis that The Mail on Sunday has obtained.

‘There is no scientific basis for saying that warming hasn’t stopped,’ she said. ‘To say that there is detracts from the credibility of the data, which is very unfortunate.’

‘This is nowhere near what the  climate models were predicting,’ Prof Curry said. ‘Whatever it is that’s going on here, it doesn’t look like it’s being dominated by CO2.’

In fact, she added, in the wake of the unexpected global warming standstill, many climate scientists who had previously rejected sceptics’ arguments were now taking them much more seriously.

They were finally addressing questions such as the influence of clouds, natural temperature cycles and solar radiation – as they should have done, she said, a long time ago.

Read more: http://www.dailymail.co.uk/sciencetech/article-2055191/Scientists-said-climate-change-sceptics-proved-wrong-accused-hiding-truth-colleague.html#ixzz24iG6FYoO

 

 

Sun, 08/26/2012 - 18:44 | 2739316 DOT
DOT's picture

Named storms "quite high".  I'd say nine named storms with only one headed in is quite low.

Hurricaines are part of nuage entertainment now. Enjoy !

Sun, 08/26/2012 - 17:35 | 2739136 Stoploss
Stoploss's picture

Propagandist fear pupming typical for this retarded administration.

So, go ahead and evacuate the entire state of florida, since this is really what it's all about.

I will sit here and laugh!

Sun, 08/26/2012 - 16:33 | 2739032 Cast Iron Skillet
Cast Iron Skillet's picture

Soggy black swan?

Sun, 08/26/2012 - 18:11 | 2739208 ShrNfr
ShrNfr's picture

The wind speed probability chart at the NHC http://www.nhc.noaa.gov/ shows that this is most likely a cat 1 storm, at worst a cat 2. A short blip in the GOM production.

Sun, 08/26/2012 - 15:18 | 2738916 meatball
meatball's picture

Time to loot?

Sun, 08/26/2012 - 15:21 | 2738919 LoneStarHog
LoneStarHog's picture

HAARP!

Sun, 08/26/2012 - 15:26 | 2738926 lolmao500
lolmao500's picture

Time for Israel to bomb Iran just for the lulz of adding even more pressure on gas prices.

500$ a barrel, yes we can!

Sun, 08/26/2012 - 16:16 | 2738986 MassDecep
MassDecep's picture

If u don't own BP by now, You clearly are not thinking like the enemy. Be wise as serpents, gentle as doves....

Sun, 08/26/2012 - 15:27 | 2738930 akak
akak's picture

Clearly, the Bible Belt is not praying hard enough.

Sun, 08/26/2012 - 15:34 | 2738939 vast-dom
vast-dom's picture

how can their prayers compete with those of the "speculators" and central planners? HE only has a limited bandwidth attuned to the 1% of the 1%, but the meek, ah the meek.....

Sun, 08/26/2012 - 15:50 | 2738946 akak
akak's picture

 

but the meek, ah the meek.....

Yes, we all know what Jesus said about the meek inheriting the earth.

But that is just a long-standing mistranslation from the original article-less Greek.

What Jesus actually said was:  "The meek shall inherit earth (i.e., dirt)."

Sun, 08/26/2012 - 16:16 | 2738998 Cloud9.5
Cloud9.5's picture

Dude, it's a 4x8 plot.

Sun, 08/26/2012 - 21:13 | 2739790 Halobitt
Halobitt's picture

Blessed are the Greek and the cheesemakers.

http://youtu.be/slbMe-aTY1A

Sun, 08/26/2012 - 16:15 | 2738992 MassDecep
MassDecep's picture

Clearly, God will do, what this Nation deserves done.

Good or Bad

 

Sun, 08/26/2012 - 15:31 | 2738932 Squid Vicious
Squid Vicious's picture

Might as well get it all over with this week, Isaac hitting oil rigs, Ben Shalom QE3 announcement, and Israeli air strike on those pesky Eye-rain-ians... send crude to 150/bbl and give the sheep a few months to adjust to the "new normal" before the holiday shopping season starts...

Sun, 08/26/2012 - 15:31 | 2738935 DOT
DOT's picture

Must be Dick Chenney again; steering the storm with the secret Haliburton weather disgrominificator.  This will produce lots of new work for Haliburton and is his chance to really do-in those lazy asses in New Orleans.  He just really hates Blacks.

Sun, 08/26/2012 - 15:31 | 2738936 disabledvet
disabledvet's picture

So much for getting rid of the ethanol mandate. Does anyone really care anyways?

Sun, 08/26/2012 - 15:32 | 2738938 PontifexMaximus
PontifexMaximus's picture

Move on, I couldn't care less!

Sun, 08/26/2012 - 15:35 | 2738941 nmewn
nmewn's picture

Quick O'Barry...get a giant fucking windmill down here stat!!!

Sun, 08/26/2012 - 16:18 | 2739004 Bobbyrib
Bobbyrib's picture

That's not a bad idea for a stimulus package../sarcasm

Sun, 08/26/2012 - 16:28 | 2739022 nmewn
nmewn's picture

Yeah, he could put Biden in charge of it like last time, I mean, what could possibly go wrong? ;-)

Sun, 08/26/2012 - 18:15 | 2739231 krispkritter
krispkritter's picture

Um, put Biden in front of a windmill and you have all the wind and hot air you need. Just don't listen to what he's saying, it will drive you to drink(and drink and drive and the cops frown on that).

 

'I say, I say, that boy is about as sharp as a sack of wet mice. He's so dumb he thinks a Mexican border pays rent...'

 

'...they're gonna put y'all back in chains!'...Joe 'Shabazz' Biden 2012

Sun, 08/26/2012 - 15:37 | 2738943 Miss Expectations
Miss Expectations's picture

If you are keeping your eyes on the sink hole in Lousiana, this video about the salt mines/Lake Peigneur sinkhole disaster
may interest you:

http://www.youtube.com/watch?v=ddlrGkeOzsI&feature=related

If you are a weather watcher, there's 2 Min News every morning:

http://www.youtube.com/user/suspicious0bservers?feature=results_main

Sun, 08/26/2012 - 16:13 | 2738985 hardcleareye
hardcleareye's picture

Wow.... bad day on the rig!!!  Thanks for the link.

Sun, 08/26/2012 - 19:23 | 2739448 CoolBeans
CoolBeans's picture

Awesome sinkhole video - thanks for posting!

Sun, 08/26/2012 - 15:45 | 2738953 Hype Alert
Hype Alert's picture

Releasing oil from the SPR is such a blatant campaign gimmic. 

Sun, 08/26/2012 - 18:04 | 2739191 CompassionateFascist
CompassionateFascist's picture

Payback time: remember the SF refinery explosion coopla weeks ago?

Sun, 08/26/2012 - 20:44 | 2739714 jerry_theking_lawler
jerry_theking_lawler's picture

Actually, this should be common going forward. Most of these refineries are OLD. Can't get any permits to build new efficient units.....all you can do is expand your old infrastructure. This causes leaks/failures and ultimately accidents.

Sun, 08/26/2012 - 15:38 | 2738948 francis_sawyer
francis_sawyer's picture

The Bubba Gump Shrimp Company can increase it's fleet to gain a monopoly on corexit laced shrimp...

~~~

BULLISH for AAPL stock if Lt. Dan is still running the investment

Sun, 08/26/2012 - 22:23 | 2739951 CrockettAlmanac.com
CrockettAlmanac.com's picture

I don't recall "Corexit laced shrimp" being on Bubba's menu.

 

http://www.youtube.com/watch?v=WhfK98f5S00

Sun, 08/26/2012 - 15:41 | 2738951 Debeachesand Je...
Debeachesand Jerseyshores's picture

Just in time for the Labor Day Weekend,the Offical end of Summer in America and hello to $$$$$$$$4.00 gasolineeeeeeeeeeeeee.

Sun, 08/26/2012 - 18:34 | 2739276 krispkritter
krispkritter's picture

Yippee! Just paid over $4 today in central FL. But it was non-ethanol gas. Selling like hotcakes at a mini 2 pump outlet on SR50. Owner says he's done 4000 gallons since Friday. Guy in front of me had almost a dozen cans. They have 90 and 110 octane, makes your car purr again...

Side note: dreaded trip to WallyWorld for a battery and checked out the aisles. Bread aisle was picked clean. Water shelves were empty except 'sparkling' stuff. They had pallets of bottled water in the aisle which were disappearing. Gas cans were nearly all gone. Lots of pet food shelves empty. Long line at the pharmacy. For the first time I saw 5 gallon 'Emergency Food' buckets in the aisle rows. Only a few gone but that was new. 

Raining and windy since 2pm. We've already had nearly 30" of rain in the last month according to Swftmud. They're calling for up to 12" more.  I found a 2' gator walking down the road a few days ago. They're sniffing out new water everywhere and are on the move. This is a banner year for mosquitoes, next year will be for gators...

Sun, 08/26/2012 - 15:53 | 2738962 ZackAttack
ZackAttack's picture

I have an idea... let's not waste the money rebuilding New Orleans again.

At the current rate of sea level rise/shoreline erosion/just flat-out sinking, in 75 years it'll be 3 miles out in the ocean with seawalls 100' high, and the first Cat 4 will turn it into Atlantis.

The Port of Southern Louisiana is not optional, but the city itself has no chance over the long run.

Sun, 08/26/2012 - 16:16 | 2738995 knukles
knukles's picture

Natives there have had plenty of practice.
WTF.... Live below sea level and get hurricanes.... 
Don't need money, need mental health assessment.
5150 shit, for real...

Sun, 08/26/2012 - 22:50 | 2740005 Milton Freewater
Milton Freewater's picture

It always breaks my heart to hear comments like this.  I live one hour up river from New Orleans, we know in the back of our minds, all of us, that our marvelous city is on the edge of doom.  Those of us who live here understand that this place is one of the last special places in our country.  Once you have lived here and she's sunk her teeth into you the rest of the country looks bleak.  One "Home Depot, Best Buy, gas station intersection after another.  After Katrina I witnessed the most marvelous wave of giving and humanity.   The U.S. government couldn't find us three days but the american people came to help in waves. The first year after the storm we received nearly seven million dollars in free labor from volunteers from all over the country.  Young people still come down to volunteer (a far better coming of age experience than going to war).  New Orleans is smelly and loud and below sea level but it deserves more respect than to be scratched off of someones spread sheet. You either get New Orleans or you don't.  Perhaps we should't get a government bail out.  Perhaps those of us who understand New Orleans's worth will either fix it or we won't.  Let me leave you with a quote from one of our writers: “Times are not good here. The city is crumbling into ashes. It has been buried under taxes and frauds and maladministraions so that it has become a study for archaeologists...but it is better to live here in sackcloth and ashes than to own the whole state of Ohio.”  Lafcadio Hearn ca 1880.

Sun, 08/26/2012 - 15:56 | 2738967 resurger
resurger's picture

That Isaac blue line needs a god damned "Stimulus" 

After all, you have to be Bullish on everything these fucking days except your paycheck..

Benny will contact the God's shortly...

Stay tuned Bitchez

 

Sun, 08/26/2012 - 16:02 | 2738974 Seasmoke
Seasmoke's picture

watch out for cops with guns !!!!

Sun, 08/26/2012 - 16:13 | 2738984 resurger
resurger's picture

This time they won't miss, i promise!

Regards,

Choomy & Cohorts

Sun, 08/26/2012 - 16:06 | 2738980 caimen garou
caimen garou's picture

hope they have enough sense to get the hell out of the city, roof top living can't be any fun.

Sun, 08/26/2012 - 16:06 | 2738981 Nikao7
Nikao7's picture

New Orleans.....  What a shit hole.  I spent 7 months down there painting on the Huey P Long bridge widening project and couldn't wait to leave.

Sun, 08/26/2012 - 16:07 | 2738982 knukles
knukles's picture

If God won't stop the horror, why won't Washington?

(for the brain-dead out there, sarc off....)

Sun, 08/26/2012 - 16:39 | 2739045 Hulk
Hulk's picture

If only DC were below sea level, we could have 7 billion people hyperventillate and be done with it...

Sun, 08/26/2012 - 16:56 | 2739077 lakecity55
lakecity55's picture

I thought Dick O'Bama said he could control the weather and such.

Sun, 08/26/2012 - 17:15 | 2739099 knukles
knukles's picture

Come to think of it, the Big O-man and his fellow travelers accused Bush of not responding to Katrina because he was Ra-zist.

Well, well, well.

Here Comes Karma, Motherfucker....

(and PS I am about as apolitical as they come... just sick and tired of the one team throwing the racist designation at everything and everybody...)

Sun, 08/26/2012 - 18:02 | 2739189 spankfish
spankfish's picture

Knukles, TSA Viper teams have it under control.

Sun, 08/26/2012 - 18:14 | 2739221 Dr. Engali
Dr. Engali's picture

No he can only lower the sea levels.

Sun, 08/26/2012 - 19:20 | 2739428 lakecity55
lakecity55's picture

Right. I forgot. But, wait! He could lower the sea level under the storm and it would dry up!

C'mon, Dick! Get to it!

Sun, 08/26/2012 - 16:16 | 2738997 ZackAttack
ZackAttack's picture

Also, don't forget, chart gold price after Katrina. August 31, 2005 was the start of a huge breakout.

When I heard they were handing out $2500 urban appeasement debit cards, I bought.

Sun, 08/26/2012 - 16:19 | 2739000 Uber Vandal
Uber Vandal's picture

Anyone notice the swarm of small to moderate earthquakes near Brawley, California today (about 40 and counting)?

http://earthquake.usgs.gov/earthquakes/map/

http://latimesblogs.latimes.com/lanow/2012/08/swarm-of-moderate-earthqua...

 

 

 

Sun, 08/26/2012 - 16:36 | 2739037 Cast Iron Skillet
Cast Iron Skillet's picture

shaky black swan?

Sun, 08/26/2012 - 19:32 | 2739481 knukles
knukles's picture

Tawana Brawley Black Swan?

Sun, 08/26/2012 - 18:12 | 2739213 CompassionateFascist
CompassionateFascist's picture

Near Brawley? Holy Shit! That's where the Moiola Brothers hang out. The boyz Ann Barnhardt ripped for a half-mil or so. Maybe they're still angry: @ http://www.nfa.futures.org/basicnet/Arbitration.aspx?entityid=0282801&case=09ARB00009.

Sun, 08/26/2012 - 16:25 | 2739015 machineh
machineh's picture

Forecasting a tropical storm (60 mph) to morph into a Cat. 5 horror like Katrina (200 mph) is like expecting a 1 percent dip in the S&P to become the Crash of 1987 (minus 18%) by the end of the day.

Fat tails aren't that fat. Joe Bastardi is going to trash his professional reputation writing sh*t like the Forbes article linked at Drudge.

Welcome to the 'storm of the century' ... wanna buy some cheap puts? Okay, how about some cheap putas?

Sun, 08/26/2012 - 16:36 | 2739038 Squid Vicious
Squid Vicious's picture

if NHC has it as a Cat 2 at landfall, will likely be a minimal Cat 1...right now i'm sure they're laughing their asses off in the keys at the attempt at drama on the boob tube...

Sun, 08/26/2012 - 16:40 | 2739044 Cast Iron Skillet
Cast Iron Skillet's picture

So ... umm ... was Katrina a cat 5 right out of the starting blocks? ... must have been quite a surprise for any poor assholes unlucky enough to be near it when it suddenly started up ...

Sun, 08/26/2012 - 18:26 | 2739256 Dr. Engali
Dr. Engali's picture

Katrina had been downgraded prior to hitting landfall. It wasn't until afterwards that we knew just how bad it had become.

Sun, 08/26/2012 - 22:38 | 2739983 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

New Orleans SURVIVED Katrina, what it did NOT survive was the Army Corp of Engineers decades long piss-poor design strategies namely using outfall drainage canals to Lake Pontchartrain with no means to prevent high lake water levels from backflowing. Also the sheet piling for the levees on these outfall canals while 40'-50' at I-10 several miles from the lake (I saw these being driven) were only 10' long at the lake end!

I'm from the gov'mint an' I'm heah to hep you!

Fuck these incompetent assholes!

Sun, 08/26/2012 - 22:54 | 2740017 Milton Freewater
Milton Freewater's picture

Thank you!

 

Mon, 08/27/2012 - 12:19 | 2741069 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

You're welcome.

Sun, 08/26/2012 - 16:51 | 2739068 max2205
max2205's picture

This shits on drudge. Ohvye

Sun, 08/26/2012 - 16:25 | 2739016 HD
HD's picture

I wonder - in the aftermath of Isaac's devastation if George Bush will congratulate Obama on his hard work,  "Brownie, you're doing a heck of a job".

Sun, 08/26/2012 - 16:48 | 2739060 toady
toady's picture

Barrack Obama hates black people.

Sun, 08/26/2012 - 16:52 | 2739069 HD
HD's picture

That's only half true.

Sun, 08/26/2012 - 16:31 | 2739029 chistletoe
chistletoe's picture

Tyler,

 

I done tole you dis las week ....

 

http://www.zerohedge.com/news/hurricane-issac-expected-pass-right-above-...

 

 

I gets no respect.  none at alll.....

Sun, 08/26/2012 - 16:45 | 2739055 bob_dabolina
bob_dabolina's picture

Bush's fault.

Bush is raycess.

Sun, 08/26/2012 - 16:59 | 2739079 toady
toady's picture

I was thinking the same thing a couple days ago when they were talking about it hitting Tampa ...

I guess I should have said something. Now I just sound like I'm jumping on the bandwagon.

Sun, 08/26/2012 - 23:20 | 2739089 TomGa
TomGa's picture

The Port Fourchon oil facility and the Loop pipeline / oil terminal to the southwest of New Orleans are the most critical infrastructure areas. Hopefully this storm stays east.

 

It's notable that Katrina came ashore at 8am on August 29, 2005.  Isaac will hit exactly 7 years to the day (and hour) later based on current track.

 

 

Sun, 08/26/2012 - 17:07 | 2739090 Catullus
Catullus's picture

Wednesday is the 7 year anniversary of Katrina. Wow.

It doesn't matter if it hits New Orleans or not. Someone along the coast is going to get slammed. Good luck. And don't wait around for the government to help you, because they won't.

Sun, 08/26/2012 - 22:47 | 2739999 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"And don't wait around for the government to help you, because they won't."

NO SHIT!
Sun, 08/26/2012 - 17:17 | 2739104 ar01
ar01's picture

US gasoline refinery capacity is already diminished: http://finance.yahoo.com/blogs/daily-ticker/gas-prices-continue-rise-unt...

Time to get the UGA calls in.

Sun, 08/26/2012 - 17:19 | 2739109 bob_dabolina
bob_dabolina's picture

And soon some of the idiots who fell into the "solar panels save you money" bullshit are gona' see how much it's gona' cost to replace them after this storm.

Sun, 08/26/2012 - 17:45 | 2739154 LetThemEatRand
LetThemEatRand's picture

So now you're against people trying to make their own energy and get off the government grid?  Statist.

Sun, 08/26/2012 - 17:52 | 2739166 bob_dabolina
bob_dabolina's picture

I am for people making their own decisions whether or not the chief of sales for this particular method of energy is the government itself (and amongst the heaviest subsidized) pitching a method that is more than likely not in their main financial interest.

Sun, 08/26/2012 - 17:56 | 2739173 akak
akak's picture

Why do you care?

He didn't build that solar panel --- somebody else did that.

Sun, 08/26/2012 - 18:01 | 2739183 Everybodys All ...
Everybodys All American's picture

I would be ok with being able to make my own energy. I'm just not so sure the nut job next door should be able to create a potential environmental or worse hazard. I'd love to be able to trust my neighbors to do the right thing with making their energy as long as it was safe. Certain things are probably better left with a state and I hate saying that.

Sun, 08/26/2012 - 22:33 | 2739968 CrockettAlmanac.com
CrockettAlmanac.com's picture

One does not need a state to provide security and adjudication. If anything the security and adjudicative services provided by the state are sub-par just like the DMV or the county assessor's office.

Sun, 08/26/2012 - 18:12 | 2739211 Dr. Engali
Dr. Engali's picture

The second time we are in agreement. ;->

Sun, 08/26/2012 - 17:39 | 2739145 Stuck on Zero
Stuck on Zero's picture

And the good news is that the storm track will take it into the Midwest to alleviate the drought!

 

Sun, 08/26/2012 - 17:59 | 2739170 Squid Vicious
Squid Vicious's picture

umm...no... will dissipate over the delta region... or move NE nothing to push it that far north

Sun, 08/26/2012 - 17:58 | 2739177 SubjectivObject
SubjectivObject's picture

hooray

Sun, 08/26/2012 - 18:02 | 2739188 adr
adr's picture

More like Isaac will hit the midwest and flood what is left of the crop destroying everything. Actually that would be great because thousands of Wall Street speculators would be holding billions in contracts that couldn't be filled.

My uncle's corn harvest turned out great.

Sun, 08/26/2012 - 18:59 | 2739360 ThisIsBob
ThisIsBob's picture

He didn't grow that corn.

Sun, 08/26/2012 - 17:56 | 2739174 Fix It Again Timmy
Fix It Again Timmy's picture

Nature ALWAYS has the trump card........

http://www.youtube.com/watch?v=vHDA5nHlDrQ

 

Sun, 08/26/2012 - 18:10 | 2739206 surf0766
surf0766's picture

Oh look it's gonna hit Tampa. Um sorry we meant New Orleans.   See how well we can predict the weather. Trust us we know global warming.

Sun, 08/26/2012 - 18:20 | 2739245 Dr. Engali
Dr. Engali's picture

Attention all sheep. Please proceed to the Sun Life Stadium and wait for further instructions.

Sun, 08/26/2012 - 18:28 | 2739260 akak
akak's picture

The sheep didn't build that catastrophe --- somebody else did that.

Sun, 08/26/2012 - 18:33 | 2739273 Monedas
Monedas's picture

You can't have it both ways .... extreme drought or record hurricane season .... probably can't have both at the same time ?   Sorry, I'm not a climate expert .... just a Yankee common sense butt kicker !       Crude up Monday for Chavez' problemon de refineria AND Isaac "Good Jew Boy Name" hurricane in the cane fields ?

Sun, 08/26/2012 - 18:41 | 2739303 dominating
dominating's picture

BULLISH!

 

Sun, 08/26/2012 - 19:14 | 2739407 Jack Burton
Jack Burton's picture

Latest models in show New Orleans at the least a possible target. As for the strength at land fall, that seems to be very much up in the air. Lots of different forces working on the storm at present. Just about anything can happen, a large tropical storm hitting, or a quite large dangerous Cat 3 Hurricane plowing into New Orleans. Nobody can predict at present what will become of this storm, but the potential is there for a big disaster. On the other hand it could meet unfavorable inputs and fizzle.

If I were in that part of the Gulf Coast, I would wait one more day for more news, and have everything packed and the car gased, if the news is bad I would bug out pronto!

Sun, 08/26/2012 - 19:15 | 2739412 orangegeek
orangegeek's picture

If the economy is stalled/sliding, then supply isn't much of an issue.

 

Some good bullish news for oil/natgas - which usually happens at a top.

Sun, 08/26/2012 - 19:24 | 2739445 q99x2
q99x2's picture

Pack up the guns, women and children. Holy hell FEMA is about to descend.

Sun, 08/26/2012 - 19:39 | 2739508 surf0766
surf0766's picture

Kayne doesn't like hurricanes

Do NOT follow this link or you will be banned from the site!