How Katrina will affect the US, page 1
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Topic started on 30-8-2005 @ 09:35 PM by DontTreadOnMe
Outside of the devastating loss of life and property locally, Katrina could also deeply impact life as we know it in these United States.
From the price of gas to the price of coffee, our lifes may be greatly change by an act of nature many miles from out homes.

In this thread,I hope we can gather articles and information on the less immediate effects of this hurricane.
[quoteWhile most storms have only a regional impact, Katrina could be the rare beast that has national or even international consequences.

"There is a real sense of foreboding about the economy now that Katrina has struck with full force," said Bernard Baumohl, executive director of Economic Outlook Group. "The Louisiana and Mississippi Gulf region represent the soft underbelly of the U.S. energy industry."

Katrina took aim at a vulnerable chokepoint for U.S. energy markets. The region not only produces a large percentage of domestic oil and gas, it is also a transportation hub for both imported and domestic production.
CBS marketwatch
I know gasoline in my area was from $2.49 to $2.69 on Saturday.
Today the prices range from $2.75 to $2.99.
What are the long-term effects as we learn of damage to rigs, refineries and other infrastructure?
[quot]Energy analysts fear oil supply disruptions will spark a jump in gasoline prices later this week. The first evidence came late Monday when Valero Energy Corp. of San Antonio, Texas, announced its St. Charles, La., refinery would be closed for at least a week. It processes 260,000 barrels of crude oil per day.
news.yahoo





[edit on 30-8-2005 by DontTreadOnMe]

[edit on 30-8-2005 by DontTreadOnMe]


reply posted on 30-8-2005 @ 09:42 PM by worldwatcher
Officials: Gas Supply Good Now, But Some Stations Could Run Out
price of basically all goods will be raised to compensate for gasoline shortages and high oil prices.

Fed Reserve inflation fears grow

US heading for house price crash, Greenspan tells buyers
Katrina only makes the situation worse..Insurance rates will go up sharply.
Insurers will refuse to cover houses in more areas...House Prices in the south drop.



reply posted on 30-8-2005 @ 09:46 PM by DontTreadOnMe
Then we have the health concerns:
Bad drinking water, spoiled foods and carbon monoxide poisoning are among the biggest concerns for public health officials who are still trying to determine the scope of Katrina's devastation.

"This is a very large storm, very broad, highly intense," said Tom Sinks, an epidemiologist with the national Centers for Disease Control and Prevention. "Our general focus is to get an accurate assessment of the needs and prioritize those."

www.usatoday.com...

Could we see an outbreak of disease associated with unsanitary conditions? New Orleans is an area ripe for the breeding of mosquitos and all the diseases they may carry.
The experts warned of potential dangers ahead. Louisiana's frequent summer rains — or even another hurricane — could add to flooding in coming days or weeks, they said. The sitting water could collect more contaminants from homes and industries, and mosquitoes could amplify the danger of disease.

www.usatoday.com...


reply posted on 30-8-2005 @ 10:37 PM by valkeryie
Here is a good article.

www.dallasnews.com...
The advent of $3 gasoline may be just days away. Drivers can brace for price spikes at the pump as the effects of Hurricane Katrina spread through the market, setting the stage for most gas stations nationwide to cross the $3-a-gallon mark next month
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