What was the impact of Hurricane Katrina economically, environmentally and on humans?
The impact of Hurricane Katrina is still being felt 5 years later. At least 1,836 people lost their lives in the actual hurricane and in the subsequent floods, making it the deadliest U.S. hurricane since the 1928 Okeechobee hurricane; total property damage was estimated at $81 billion (2005 USD), nearly triple the damage wrought by Hurricane Andrew in 1992.
The economic effects of the storm were far-reaching. The Bush Administration sought $105 billion for repairs and reconstruction in the region, which did not account for damage to the economy caused by potential interruption of the oil supply, destruction of the Gulf Coast’s highway infrastructure, and exports of commodities such as grain. Katrina damaged or destroyed 30 oil platforms and caused the closure of nine refineries; the total shut-in oil production from the Gulf of Mexico in the six-month period following Katrina was approximately 24% of the annual production and the shut-in gas production for the same period was about 18%. The forestry industry in Mississippi was also affected, as 1.3 million acres (5,300 km²) of forest lands were destroyed. The total loss to the forestry industry from Katrina is calculated to rise to about $5 billion. Furthermore, hundreds of thousands of local residents were left unemployed, which will have a trickle-down effect as fewer taxes are paid to local governments. Before the hurricane, the region supported approximately one million non-farm jobs, with 600,000 of them in New Orleans. It is estimated that the total economic impact in Louisiana and Mississippi may exceed $150 billion.
Katrina redistributed over one million people from the central Gulf coast elsewhere across the United States, which became the largest diaspora in the history of the United States. Houston, Texas, had an increase of 35,000 people; Mobile, Alabama, gained over 24,000; Baton Rouge, Louisiana, over 15,000; and Hammond, Louisiana received over 10,000, nearly doubling its size. Chicago received over 6,000 people, the most of any non-southern city. By late January, 2006, about 200,000 people were once again living in New Orleans, less than half of the pre-storm population. By July 1, 2006, when new population estimates were calculated by the U.S. Census Bureau, the state of Louisiana showed a population decline of 219,563, or 4.87%. Additionally, some insurance companies have stopped insuring homeowners in the area because of the high costs from Hurricanes Katrina and Rita, or have raised homeowners’ insurance premiums to cover their risk.
July 2nd, 2010 at 3:29 pm
what planet do you live on it was one of the most disastrous hurricanes in history
References :
July 2nd, 2010 at 3:58 pm
The impact of Hurricane Katrina is still being felt 5 years later. At least 1,836 people lost their lives in the actual hurricane and in the subsequent floods, making it the deadliest U.S. hurricane since the 1928 Okeechobee hurricane; total property damage was estimated at $81 billion (2005 USD), nearly triple the damage wrought by Hurricane Andrew in 1992.
The economic effects of the storm were far-reaching. The Bush Administration sought $105 billion for repairs and reconstruction in the region, which did not account for damage to the economy caused by potential interruption of the oil supply, destruction of the Gulf Coast’s highway infrastructure, and exports of commodities such as grain. Katrina damaged or destroyed 30 oil platforms and caused the closure of nine refineries; the total shut-in oil production from the Gulf of Mexico in the six-month period following Katrina was approximately 24% of the annual production and the shut-in gas production for the same period was about 18%. The forestry industry in Mississippi was also affected, as 1.3 million acres (5,300 km²) of forest lands were destroyed. The total loss to the forestry industry from Katrina is calculated to rise to about $5 billion. Furthermore, hundreds of thousands of local residents were left unemployed, which will have a trickle-down effect as fewer taxes are paid to local governments. Before the hurricane, the region supported approximately one million non-farm jobs, with 600,000 of them in New Orleans. It is estimated that the total economic impact in Louisiana and Mississippi may exceed $150 billion.
Katrina redistributed over one million people from the central Gulf coast elsewhere across the United States, which became the largest diaspora in the history of the United States. Houston, Texas, had an increase of 35,000 people; Mobile, Alabama, gained over 24,000; Baton Rouge, Louisiana, over 15,000; and Hammond, Louisiana received over 10,000, nearly doubling its size. Chicago received over 6,000 people, the most of any non-southern city. By late January, 2006, about 200,000 people were once again living in New Orleans, less than half of the pre-storm population. By July 1, 2006, when new population estimates were calculated by the U.S. Census Bureau, the state of Louisiana showed a population decline of 219,563, or 4.87%. Additionally, some insurance companies have stopped insuring homeowners in the area because of the high costs from Hurricanes Katrina and Rita, or have raised homeowners’ insurance premiums to cover their risk.
References :
Geography Expert