Alarmed by Ike

Jeff Masters isn’t liking what he’s seeing as Hurricane Ike rebuilds in the Gulf of Mexico. Texas is in the crosshairs:

Ike is likely to be a extremely dangerous major hurricane at landfall, and will likely do $10-$30 billion in damage. The chances of hundreds of people being killed in this storm is high if people do not heed evacuation orders. It is possible that Ike will make a direct hit on Galveston as a Category 4 hurricane with 145 mph winds. The potential storm surge from such a hit could be in the 15-25 foot range, which is capable of overwhelming the 17 foot sea wall in Galveston. I put the odds of such an event at about 5%. 

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