Gustav is running at 115 miles an hour and expected to hit the coast at around that speed. It looks like New Orleans may miss the worst of the hurricane. The current forecast is showing that Gustav will probably miss it, but there’s still a 43% chance of sideswiping it hard enough that levees might be over-topped or fail. Levies have still not been adequately rebuilt since Katrina. Even with New Orleans being missed, southern Louisiana can still expect to be devastated.

All oil production in the Gulf has been shut down. So far prices haven’t risen much, the key question is how much production will be damaged by the hurricane. If it can be brought back on line quickly there should be no significant price spike. If it can’t then the effect on gas prices could be significant.

McCain is using this as one big photo-op, rushing down to the area and doing his best to look Presidential, while Bush does his best to help him by fading into the background. This is a repeat of his Georgia strategy—he intends to spend a week acting as if he’s President and as if he’s doing something useful, when in fact, the best thing he could do is get out of the way, then use his influence to help with volunteers and money after the hurricane hits, which is what Obama will do. Gustav may well be the best thing that could happen to McCain, the RNC was likely to be a flop anyway and, with Gustav he has an excuse for it flopping and a chance to pretend he’s the President again.

If you want to help, let me suggest Incite, who are helping low income women evacuate and then to get back them back into the city as soon as possible afterwards so that what happened in Katrina, with extended absences forced by FEMA being used as a redevelopment opportunity doesn’t happen to these women (i.e., so they don’t lose their homes.)

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