Two Years Later: Katrina's Economic Impact

When the storm made landfall in Louisiana and Mississippi on Aug. 29, 2005, no one knew how vast the devastation would be. The near total loss of New Orleans and the counties surrounding the grand Creole city was not a regional tragedy, it was a national one, with long-term economic costs to every American. In the weeks after Hurricane Katrina, oil and gasoline prices spiked, as nearly a third of the nation's refineries and the entire domestic oil production of the Gulf of Mexico were shut...Full Story
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