Latest Economic effects of Hurricane Katrina Stories
Crude oil prices stayed within range of recent trading, but rose above $71 per barrel on the New York Mercantile Exchange Tuesday, In the past month light, sweet crude has traded between $67 and $73.50 on the exchange.
Births dropped in the year after Hurricane Katrina in areas of Louisiana and Mississippi that were hit but rose in affected parts of Alabama, researchers say. Births were down 30 percent in the Louisiana region pummeled by the 2005 storm and 13 percent in the affected parts of Mississippi -- an average of 19 percent for the 14 counties in those two states -- but rose 6 percent in selected Alabama counties, the Centers for Disease Control and Prevention's National Center for health Statistics...
Crude oil prices, provoked by the U.S. dollar's decline, surged $3.35 to more than $51 a barrel Thursday morning on the New York Mercantile Exchange. The dollar fell sharply after the U.S. Federal Reserve said it would buy $300 billion in U.S.
Crude oil and natural gas prices fell on the New York Mercantile Exchange, with natural gas falling to a two-year low on slumping demand. The U.S. Energy Information Administration this week estimated a drop in natural gas demand of 1 percent for 2009, The Wall Street Journal reported Thursday.
Barry Tipping spent three days searching for gas in Atlanta. The quest seemed to be in vain, as the 44-year-old tried nearly 20 gas stations, many with their pumps draped in bags, or waits that stretched to more than an hour.
By John Porretto Associated Press HOUSTON -- Some gasoline stations in parts of the Southeast are out of fuel, and shortages could persist for days as refiners continue to recover from the one-two punch of hurricanes Ike and Gustav.
HOUSTON - Nearly 4 million customers were without power and the electricity supply to refineries along the Gulf of Mexico was still limited Tuesday days after Hurricane Ike struck.
By CHURCHOUSE, Nick HURRICANE winds and financial storms have hit fuel markets, but motorists are finally seeing the effect of a plummeting oil price.
By Clifford Krauss Oil companies are warning U.S. motorists that they will not be able to produce adequate supplies of gasoline in the days ahead because so many of their refineries are still not operating in the aftermath of Hurricane Ike.
The effects of Hurricane Ike reached U.S. commodities markets Monday, as crude oil dipped to well less than $100 a barrel in morning trading.
- The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
- In medicine, cauterization.