Texas Faces More Flooding as Damage Costs Soar Up to $100 Billion

It keeps getting deeper for Houston, the epicenter of the U.S. oil industry.

As floods inundated the nation’s fourth-largest city Monday, with an estimated 20 inches of rain still to come, predictions of damage ranged as high as $100 billion. Wall Street and Washington braced for the repercussions of the costliest U.S. natural disaster since Hurricane Sandy in 2012.

Tropical Storm Harvey, which made landfall as a category 4 hurricane, drifted into the Gulf of Mexico, poised to recharge before crashing ashore again Wednesday on the Texas-Louisiana border. As much as 30 percent of the nation’s refining power was imperiled, according to analysts at Tudor Pickering Holt & Co.

Houston was born from the wreckage of a cataclysmic storm in 1900, and in the decades since has weathered not only water and wind but the gyrating fortunes of the oil industry. The sprawling megalopolis, which takes a perverse pride in



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!