Looks like the next great catastrophe from this hurricane has arrived. An oil tanker capable of holding 2 million barrels of oil is leaking in the Mississippi River.
http://www.nytimes.com/aponline/national/AP-Katrina-Oil-Spill-HK4.html
If this turns out to be a major spill then the environmental effect will be devastating to an area already suffering flooding and chemical explosions.