Hurricane Rita, 2005
As Hurricane Rita made landfall on the Gulf Coast, it brought about $60 billion in damage, making it one of the 10 costliest storms ever. The hurricane struck less heavily populated areas than Hurricane Katrina, but its impact on the energy industry was still significant, leading to shortages of gasoline
Hurricane Rita, 2005
The chemical industry narrowly escaped immediate damage from Hurricanes Katrina and Rita, but it faces a more formidable challenge in the form of high natural gas prices, which have been soaring since 2001. As a result, prices for chemicals and products made from them are likely to increase, affecting consumers
Hurricane Rita, 2005
F. Patrick Quinn, a prominent developer in New Orleans, has transformed the disaster of Hurricane Katrina into a lucrative business opportunity. Quinn has made offers on 20 hotels in Louisiana and Mississippi, adding to the 15 he owns in and around the French Quarter. He has also purchased 5,000
Hurricane Rita, 2005
As Hurricane Rita brush past Key West and threatens to strengthen into a major hurricane, residents and rescuers in Florida, Louisiana, and Texas are evacuating, recalling the trauma of Hurricane Katrina just four weeks ago. The Category 4 storm, which could intensify to a Category 4 intensity as it approaches
