Skip to comments.Deep freeze may have cost US economy about $5 billion
Posted on 01/10/2014 4:33:45 AM PST by John W
MINNEAPOLIS Hunkering down at home rather than going to work, canceling thousands of flights and repairing burst pipes from the Midwest to the Southeast has its price. By one estimate, about $5 billion.
The country may be warming up from the polar vortex, but the bone-chilling cold, snow and ice that gripped much of the country affecting about 200 million people brought about the biggest economic disruption delivered by the weather since Superstorm Sandy in 2012, said Evan Gold, senior vice president at Planalytics, a business weather intelligence company in suburban Philadelphia.
While the impact came nowhere close to Sandy, which caused an estimated $65 billion in property damage alone, the deep freeze's impact came from its breadth.
"There's a lot of economic activity that didn't happen," Gold said. "Some of that will be made up but some of it just gets lost."
(Excerpt) Read more at news-sentinel.com ...
What about crop damage? Wheat is a winter crop. (except for spring wheat up in MT & WY)
Great news. Now we can say global warming is good for the economy and tell the greenies and the EPA to pound sand.
Oh, Please!! I’m tired of this nonsense.
Wouldn’t it be good for the plumbers, the tree trimmers, the guys with snow plows on their pick-ups?
The custodians of the public exchange of opinions speak of the “cost” of these crisis situations, but it is not really a “cost”, it is a deferment of revenue, as the activity resumes soon after the end of the crisis.
If allowed to. Sometimes the “crisis” is used for the excuse to foreclose on any meaningful attempt to recover and improve the situation to what existed before, and the same things that contributed to the original failure are kept in place or made even more likely to repeat the dangerous circumstances.
Almost as if the issue were more important than its resolution.
There are a lot of temporaries in this situation. The majority gets made up. I didn’t go to the store for two days. But I made it up yesterday. Filled up my car, too.
Cold temps are generally more damaging to wheat late in the growing cycle as the head is being formed in the stalk. This event should have minimal effect.
That is true, generally.
But if ground moisture is low, the extreme cold can destroy the stand of young wheat. I can see the affect here.
Obama has single handily cost the U.S. economy more than many, many “big freezes”.
Joe Bastardi found 14 polar “vortex” examples since 1977, and posted two. How did we ever recover form those?!
If the deep freeze caused $5 billion. Imagine what O’Beelzebub has cost us so far after 5 years.
“Great news. Now we can say global warming is good for the economy and tell the greenies and the EPA to pound sand.”
We always knew that. A warmer climate with a higher level of CO2 is great for plants, including crops. More land would become arable, and there would be more food produced.
It’s the greenies who don’t get it, but, we always knew that, too.
I would especially want to hear what Hillary Clinton has to say about this issue.
Unfortunately far too many folks are busy with their "bread & circuses" to comprehend your point.
I know we knew but now they admit cold is bad. So now they are trapped.
“So now they are trapped.”
I doubt it.
It’s called humor. But the media or RINO’s won’t call them out. Therefore no really trapped.
I missed your pun the first time around.