Many of the oil refineries and chemical plants located along the Houston Ship Channel are in the early stages of restarting their process units. Oil prices may fall due to excess capacity, but gasoline prices will likely surge due to a lack of refining assets. Oil tankers are stacking up in the Gulf of Mexico because they have been unable to offload any oil.
Ike was much more destructive than any of us could have imagined. It may not have been the strongest hurricane, but Ike was immense and his winds literally blew brick walls off of buildings in my local community. About 75% of the traffic lights are still flashing red and 20% are not working at all. We have become accustomed to treating intersections without working traffic lights as 4-Way stops. About 1 million homes are still without electricity.
I live about 50 miles North of Galveston. My family and I survived the hurricane unharmed, but many to the South were not so fortunate. Shingle damage allowed rain to soak the insulation and drywall above my dining room, which then fell and created a new 8 foot "skylight" there. My wife and I were able to patch up the damage when the wind stopped blowing the next morning. Our temporary repairs should hold until the insurance adjuster calls. Stuff can be replaced, but people cannot.
Ike was much more destructive than any of us could have imagined. It may not have been the strongest hurricane, but Ike was immense and his winds literally blew brick walls off of buildings in my local community. About 75% of the traffic lights are still flashing red and 20% are not working at all. We have become accustomed to treating intersections without working traffic lights as 4-Way stops. About 1 million homes are still without electricity.
I live about 50 miles North of Galveston. My family and I survived the hurricane unharmed, but many to the South were not so fortunate. Shingle damage allowed rain to soak the insulation and drywall above my dining room, which then fell and created a new 8 foot "skylight" there. My wife and I were able to patch up the damage when the wind stopped blowing the next morning. Our temporary repairs should hold until the insurance adjuster calls. Stuff can be replaced, but people cannot.
