Economic Impact Of Hurricane Katrina

Hurricane Katrina was the most dangerous, deadly, and horrifying storm to ever hit United States. Hurricane Katrina was so powerful that it devastated the lives of the people of New Orleans, Louisiana, as well as other Gulf Coast areas. On August 29, 2005 at 8:00 am, Hurricane Katrina reached Category 5 status. The storm hit the city hard and was the lead story on the national media stage for a number of weeks. The city was wiped out and the clean up and renovation of what is left of The City Of New Orleans by Hurricane Katrina is continuing and might not be complete for many years. The storm that developed into Hurricane Katrina was one of the most disturbing natural disasters to hit the mainland United States. Its wind strength and power
During this powerful storm time was critical; at least one million people were evacuated and were relocated to shelters across the country. According the article” Economic impacts from Hurricane Katrina were also considerable. Tens of thousands of jobs were lost due to severely damaged or destroyed businesses and supporting infrastructure. Major highways in and around New Orleans were damaged or destroyed, disrupting commerce. Katrina had a profound impact on the southeast Louisiana/Mississippi oil and gas industry, which accounts for nearly 30 percent of total domestic crude and 20 percent of domestic natural gas production. More than 30 oil platforms were damaged or destroyed and nine refineries were damaged and/or shut down for weeks following the storm. The hurricane also disrupted operations at the Port of South Louisiana and the Port of New Orleans, the first and fifth largest ports in the U.S., respectively. Together, these ports account for $150 billion and 20 percent of U.S. import/export cargo traffic annually”. Damage was estimated at over 75 billion dollars which is one of the most expensive natural disasters ever recorded. The major danger experienced during Hurricane Katrina huge was estimated to be the excessive flooding that destroyed everything in its path. The state that was hit the most was Louisiana, although other states included Alabama and Mississippi which were left with large areas under water
Officials sustain that the atmospheric warming supposedly has escalated to such high levels because of the high levels of carbon dioxide emitted by our consumption of fossil fuels. Production of electricity by power plants, oil used to heat homes and their by products have produced pollution that has become trapped in our atmosphere. This in turn causes ocean temperatures get warmer, and this it causes stronger storms. Global warming is said to have something to do with these devastating storms that hit New Orleans. Many have questioned whether global warming contributes to developing these horrifying hurricanes. Based on the online article “Two recent articles, one in the August issue of Nature, and one in the most recent (September, 2005) Science Magazine, have introduced dramatic new evidence that global warming has significantly affected hurricane destructiveness. These findings are further supported by an earlier article in Science Magazine (8 July 2005) reporting clear evidence of human-caused global warming in the Earth's oceans. The article in Nature shows a strong correlation between sea temperature and annual hurricane power in three different hurricane basins, the North Atlantic and two in the