Right when oil and natural gas production would be ramping up production back to normal levels after Hurricane Gustav’s disruptions, another hurricane turns its way along Cuba toward the Gulf of Mexico. Ike hit the Bahamas with Category 4 strength before its current weaker state as a Category 2 (100 mph) storm over Cuba. But the ingredients that could make Ike a serious threat to US energy markets emerge once it has passed Cuba late Tuesday. If Ike goes over warm water with less wind shear and dry air than Gustav then (more…)