Hurricane Gustav hit the Gulf of Mexico on Sunday, 31st Aug. It is spiraling to southeastern coast of Louisiana. What is interesting is that it comes so as to disrupt the Republican Convention in Minnesota when John McCain will be selected as the Republican nominee for the forthcoming US elections. Bush and Dick Cheney have already canceled their plans to attend the convention.

Louisiana Governor, India-born Bobby Jindal, is doing a nice job by overseeing the evacuation of people from this state to safer places like Missisippi and Texas. Hope the havoc, chaos and dread caused by Hurricane Katrina in 2005 will not be repeated this time.

Hurricane Gustav may affect the offshore production of oil also. This, in turn, is likely to spread uncertainity in the international market. As crude oil prices are yet to ease up in the global market, the movement and strength of Hurricane Gustav will be decisive in determing the price of crude. Which means, even a local businessman in a remote place in Ethiopia or Guyana has to keep a watch on the movement and intensity of Hurricane Gustav.