Gustav leaves New Orleans in the dark, oil refineries without power for 10 days

So Gustav comes and goes and the traders on Wall Street have a party. You can almost hear the champagne corks going off. Based on what? A news report saying Gustav = Cat 2 instead of Cat 3? 15-20% (around a quarter) of US oil production and refining is gone for over a week...that is going to have an impact on oil prices. Er...upward. Wakey wakey Wall Street.

clipped from news.yahoo.com Entergy said Gustav's impact was second only to Hurricane Katrina that knocked out power to 1.1 million of its customers in 2005. Pineville, Louisiana-based Cleco said 246,000 customers, about 90 percent of its total, were without power on Tuesday. American Electric Power's Southwestern Electric Power Co in northern Louisiana, reported less than 8,000 outages. Unlike Katrina, however, damage from Gustav is mostly wind-related, rather than from flooding, said Burns. Reports from outside the company estimated it could be 10 days before power can be restored to oil refineries. Entergy shut the 967 megawatt River Bend nuclear power station on Monday afternoon. Entergy's 1,152 MW Waterford 3 nuclear reactor shut in advance of Gustav's arrival, according to procedures required by the Nuclear Regulatory Commission. One MW powers about 500 homes in Louisiana.