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Essay heading: Economic Impact of Natural Disasters
 
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Issue: Business
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Date added: April 24, 2002
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No of pages / words: 6 / 1501
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Most of the city was subsequently flooded by the lake's waters. This and other major damage to the coastal regions of Louisiana, Mississippi, and Alabama made Katrina the "most destructive and costliest natural disaster in the history of the United States." ("Hurricane Season", 2005) Introduction Hurricanes and other natural disasters rarely have a large and long-lasting effect on the economy, but Katrina could be an exception...
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While most storms have only a regional impact, Hurricane Katrina could be the rare exception that has national or even international consequences. 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...
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