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Weekend Reading: Harvey & The Broken Window Fallacy

Weekend Reading: Harvey & The Broken Window Fallacy As the waters recede from “Hurricane Harvey,” the rebuilding efforts begin. It will take quite some time before Houston fully recovers from the tragedy, but recover we will. Hopefully, lessons were learned by a city government that has avoided dealing with the drainage and flooding problems for […]

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Looming Gas Shortage: “Imports Can’t Make Up For This”

Looming Gas Shortage: “Imports Can’t Make Up For This” The East Coast will start feeling the effects of Hurricane Harvey as the gasoline supplied from the Gulf Coast starts to dry up. One of the most important pipelines that ships refined products to the Eastern Seaboard shut down on Thursday, which means that the U.S. […]

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A Hot Mess

A Hot Mess It wasn’t until more than a week after Hurricane Katrina slammed into New Orleans in 2005 that the full extent of the damage was recognized and so it will go with the hot mess where Houston used to be. Mostly, it is inconceivable that the business activity which made Houston the nation’s […]

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Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case

Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case It is now being estimated that the total amount of economic damage caused by Hurricane Harvey will be somewhere in the neighborhood of 190 billion dollars.  It is a disaster unlike anything that we have ever […]

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What Did Harvey Do to the Wind Farms on the Texas Coast?

What Did Harvey Do to the Wind Farms on the Texas Coast? Downed power lines was the biggest problem.  Oil-and-gas state Texas is by far the largest wind power producer among US states. With an installed capacity of 21,044 MW, and with 5,437 MW under construction as of the end of 2016, Texas is well […]

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Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals

Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals The unprecedented destruction wrought by Hurricane Harvey will impact the US economy in ways may not be immediately apparent. Until recently, coverage of the storm’s impact has focused on property damage and the impact on the energy industry. But in a story published Friday, Bloomberg explains […]

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Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar

Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar  Texas resident Joe Roan woke up to a rather unpleasant surprise yesterday morning as he discovered the remnants of a would-be thief attempting to steal gasoline from his Jeep Wrangler tank.  Unfortunately, as a local CBS affiliate pointed out last […]

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Scientist Confirms: Harvey Caused A “1-In-1,000-Year Flood”

Scientist Confirms: Harvey Caused A “1-In-1,000-Year Flood” Scientists have confirmed what one renowned weather forecaster has suspected for days: Hurricane Harvey was a “1-in-1,000-year flood.” That’s according to researchers at the University of Wisconsin’s Space Science and Engineering Center, who claim there is nothing in the historical record that rivals the devastation resulting from the […]

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Hurricane Harvey and the Dialectics of Nature

Hurricane Harvey and the Dialectics of Nature Between 1872 and 1882, Frederick Engels worked on a book titled “The Dialectics of Nature” that sought to apply Marxist dialectics to the natural world. Although it was never completed and is filled with dated ideas about science, it is a work that has earned the respect of […]

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Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008

Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008 “It’s only just beginning,” warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums. As Bloomberg notes, Harvey impact currently includes: Colonial says it’ll commingle Rbob and conventional gasoline Explorer Pipeline planning to start […]

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Hurricane Harvey Is A Disaster For OPEC

Hurricane Harvey Is A Disaster For OPEC The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That has knocked more refineries offline, including the largest refinery in the United States. In the aftermath of the […]

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How Long Can U.S. Refineries Remain Offline?

How Long Can U.S. Refineries Remain Offline? When Hurricane Harvey blew into Texas last weekend, it dumped more than 30 inches of rain, flooding Houston and large areas of southeastern Texas, while leaving thousands homeless or without power. The worst storm to hit the U.S. since 2004 and by some estimates the largest rain-storm in […]

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Harvey Victims Face Toxic Pollution as Hurricane Recovery Begins

HARVEY VICTIMS FACE TOXIC POLLUTION AS HURRICANE RECOVERY BEGINS TEXAS COMMUNITIES THAT have long experienced health problems from nearby oil refineries and chemical plants are now facing the fossil fuel industry’s longer-term impacts: storms made more severe by climate change and the painful recovery process that follows their landfall — a recovery made far worse […]

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Worries about a Galveston Bio-Lab

Worries about a Galveston Bio-Lab Exclusive: The flooding caused by Hurricane Harvey has left thousands homeless in the greater Houston area but there also is rising concern about a biological lab in Galveston that houses deadly diseases, notes Joe Lauria. Concern is rising for the safety of a biological lab containing deadly diseases on Galveston […]

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Is Hurricane Harvey a Harbinger for America’s Future?

Is Hurricane Harvey a Harbinger for America’s Future? Over the past week we have seen two major tropical storms devastate different parts of the world. First Typhoon Hato struck Hong Kong and Southern China killing at least a dozen people. And over the weekend Hurricane Harvey made landfall from the Gulf of Mexico, bringing extremely […]

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