Well, here we are again, awaiting the arrival of another unwelcome visitor to the land of process automation: Hurricane Rita. As of this writing, she is about 200 miles SE of Galveston, moving NE at about 10 mph. That means that she’ll make landfall somewhere between Galveston and New Orleans in about 20 hours. Levees and dikes have already broken in New Orleans, and neighborhoods that had just been pumped dry are already filling up with water again.
While we sit and wait, I’d like to point out that the Doom-and-gloomers are at it again: Rita will destroy 25% of our refining capacity…
Well, probably not.
But it certainly going to put a crimp in the petroleum delivery chains.
Rita is already weakening, but she is not going to weaken enough to not cause problems.
And so we wait.