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September 13, 2017

United States
Flood Waters at Motiva Port Arthur facility Harvey Lessons for U.S. Export Role: Public-Private Stockpiles

Inventories play a crucial role in oil and gas commodity markets by smoothing out short term dislocations and sudden changes in demand. The historically high inventory levels lingering from the after…

August 24, 2015

Infrastructure
The so called "Great Wall of Louisiana", a 1.8-mile long concrete wall located east of downtown New Orleans, United States, is seen from the air August 19, 2015. This barrier was designed to reduce the risk of storm surge in many parts of the city that were flooded during Hurricane Katrina due to levee or floodwall failures (Carlos Barria/Reuters). Katrina at 10: Reflections on a Human-Made Disaster

The following is a guest post by Stephen E. Flynn, Professor of Political Science, Director of the Center for Resilience Studies, and Co-Director of the George J. Kostas Research Institute at Northea…

September 7, 2005

Fossil Fuels
Katrina and Oil Prices

Hurricane Katrina caused severe damage to U.S.refinery and production capacity in the Gulf of Mexico. Oil prices briefly spiked to above $70 per barrel before dropping after President Bush decided to…

November 29, 2016

CFR Cyber Net Politics Cyber Insurance Brief New Cyber Brief: Creating a Federally Sponsored Cyber Insurance Program

The Digital and Cyberspace Policy Program has launched a new Cyber Brief. This one is authored by CFR Senior Fellow and Net Politics contributor Rob Knake. The U.S. federal government has long debat…

September 12, 2005

United States
Katrina and the current account deficit

At least a half percent off US GDP growth for the remainder of this year (Goldman says more), $150 billion in new federal spending (much of that in fiscal 2006), higher gasoline prices now and next y…

September 1, 2005

Economics
Some thoughts on Katrina and the economy

I understand the reasoning behind the standard argument that big storms have less impact on an economy - particularly a large and diverse economy - than one would expect looking at the scale of the d…

March 22, 2011

China
A man walks through the flooded Terme area of New Orleans, lying under several feet of water on August 29, 2005. Remembering Katrina and Sichuan Amidst Japan’s Crisis

A man walks through the flooded Terme area of New Orleans, lying under several feet of water on August 29, 2005. (Rick Wilking/Courtesy Reuters) As I watched the Japan crisis unfold in rapid succes…

October 3, 2017

Iran
Play Tom Cotton A Conversation on the Iran Nuclear Deal With Senator Tom Cotton

Senator Tom Cotton (R-AR) lays out his views on a strategic basis for non-certification of the Joint Comprehensive Plan of Action (JCPOA) and offers a way forward on U.S.-Iran policy. 

October 30, 2012

Corporate Governance
Emergency personnel help a resident onto a boat after rescuing her from flood waters brought on by Hurricane Sandy in Little Ferry, New Jersey on October 30, 2012 (Adam Hunger/Courtesy Reuters). Hurricane Sandy: A Lesson in Why Governments Really Matter

Grover Norquist, the anti-tax crusader, has famously said that he has no wish to eliminate government, but only to “shrink it to the size where we can drown it in a bathtub.” Americans up and down th…

November 9, 2012

Infrastructure
The skyline of lower Manhattan is seen mostly in darkness, except for the Goldman Sachs building, after a preventive power outage caused by Hurricane Sandy on October 30, 2012 (Eduardo Munoz/Courtesy Reuters). Underinvesting in Resilience

NEW YORK, NY – The hurricane on America’s eastern seaboard last week (which I experienced in lower Manhattan) adds to a growing collection of extreme weather events from which lessons should be drawn…