A truly gargantuan proportion of our GDP depends upon this.
Plus loss of the Delta underground/undersea pipelines for crude oil and refined petroleum products due to earth and mud movements. That was a significant problem with the last major hurricane through this area. The problem is likely bigger now, but rebuilding of those pipelines will be slowed by higher priority demands due to all the other damage this time.
But the shipping issue is the biggie.
"To: jeffers; Dog Gone; Dark Wing; El Laton Caliente; Daus; randita
This is the big economic hit - temporary cessation of major shipping - perhaps almost all shipping - through the Mississippi Delta to the Gulf of Mexico.
A truly gargantuan proportion of our GDP depends upon this.
Plus loss of the Delta underground/undersea pipelines for crude oil and refined petroleum products due to earth and mud movements. That was a significant problem with the last major hurricane through this
area. The problem is likely bigger now, but rebuilding of those pipelines will be slowed by higher priority demands due to all the other damage this time.
But the shipping issue is the biggie."
Yes, the Mississippi River is closed for the forseeable future, and that logistical supply load will have to be shouldered elsewhere. This, along with oil prices, are the big economic issues. I think Wall Street will...address...this issue over the next few days.
My other major concerns are the body count, which could go higher than forecast, and the River levees, watching for news of those like a hawk.