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Katrina and Economy. ... Or is it the other way around? Ultimately, how has the devastation
from Hurricane Katrina affected the economy of the United States? ...
... e) Main point of the article: The main point of the article is that Katrina has
brought economy growth to its knees and it will take time for it to be brought ...
... Bergman. (2007, June). The effects of Hurricane Katrina on the New Orleans
economy. Monthly Labor Review, 130(6), 3-18. Retrieved ...
... of the victims of Katrina. While it is important that we help those in need; in
other words find homes, find jobs and build the victims economy back there are ...
... world witnessed a catastrophie that would have lasting effects on our economy. People
sat glued to their television screens as Hurricane Katrina ripped through ...
Submitted by allstardresser on December 6, 2006
Category: Social Issues
Words: 801 | Pages: 4
Views: 398
Popularity Rank: 25,823
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Hurricane Katrina was one of the most devastating hurricanes the United States has seen. It has affected the United States in many different ways. The costs to repair the damages from Katrina are an estimated $70 billion to $130 billion. Katrina has had an unusual impact on the U.S. job market. Because of Katrina many of our oil refineries in the region hit by Katrina are down. Although Katrina has had so many negative effects on the U.S., some still argue that Katrina had a few positive effects on the U.S. Do the positive effects outweigh the negative effects? Or is it the other way around? Ultimately, how has the devastation from Hurricane Katrina affected the economy of the United States?
Many people argue how badly Katrina affected the nation's oil supply. In "Energy Lessons from Rita and Katrina," by Bill Prindle states, "Katrina's economic and energy impacts put the nation's unsustainable appetite for ever more costly oil and natural gas in stark relief." He goes on to state, "This disaster is a wake-up call for fundamental and sweeping changes in U.S. energy policy," (Prindle). He argues that in order to resolve the issues on limited oil and natural gas Congress must place stricter fuel efficiency standards on cars and trucks (Prindle). Others like Mark Zandi believe that
this situation could be worse. "Some 5% of the country's oil production is off-line now. You'd need something like twice that-- 10% of production shut down across the country-- to seriously disrupt the economy," (Zandi). He goes on to say that even if this did happen we would only experience a brief recession (Zandi).
Hurricane Katrina has also had an impact on the U.S. job market. According to USA Today, between 280,000 and 400,000 jobs were lost due to Katrina (Hurricanes'). Right after Katrina struck, the damage by Katrina on jobs was thought to be much more than what information was gathered. David Wyss of Business...
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