Man this looks bad.
Here is an image of the SLOSH model for predicting peak storm surge. This one is based on Ike's current forecast track. The NHC's current forecast track is on the right side of model guidance, suggesting a new track about 20 miles west at the 11 AM update. Just picture this surge model with the surges just left of where they are. This is bad news folks.
Houston is the nations' 4th largest city, and around it are many of our refineries. This storm has the potential to make Katrina look like a thunderstorm, in terms of impact to the nation.