"It has excellent drainage. Bring it on." Either you don't live near Houston or you have a bad memory. http://www.cs.rice.edu/~dwallach/photo/allison2001/ http://www.freerepublic.com/forum/a3b23d9f250b2.htm
National Weather Service: Rita seen growing into major Hurricane - DJ DJ also reports that according to NWS, models indicate Rita landfall in Texas or Louisiana.
This thread was one of the best trade recs I've ever seen on this board. Oil peaked almost $4 higher on the day I feel sorry for those it's aimed for. Aren't all the evacuees from new orleans in makeshift buildings in Houston. Noone can have that much bad luck surely...
We (Houston) floods very easy but the good thing is we are above sea-level. The energy concerns are our major refineries, we refine the most in the nation, about 25%.