Hurricane Katrina Heading for the Heart of US Oil and Gas Production

This is a CBS Market Watch Report that talks about the shift in the current storm track of hurricane Katrina. On Friday oil closed lower on the NYMEX largely due to forecasts that had Katrina tracking west of major US oil and gas production.
The updated storm track path takes the storm through major US Oil and Gas production in the Gulf of Mexico. The article also mentions the fact that the storm could become a category 5 hurricane, only 5 such storms have hit the US mainland in the last 150 years.
This is a CBS Market Watch Report that talks about the shift in the current storm track of hurricane Katrina. On Friday oil closed lower on the NYMEX largely due to forecasts that had Katrina tracking west of major US oil and gas production.
The current track has it heading straight for the major Oil and Gas production in the Gulf of Mexico. The article also mentions the fact that the storm could become a category 5 hurricane only 5 such storms have hit the US mainland in the last 150 years.

http://www.marketwatch.com/news/story.asp?guid=%7BF7E49D16%2D0EF9%2D4D05%2D89DF%2D6020DC6793BE%7D&siteid=mktw&dist=