Joey Lehrman and Isaac DamagesIt's official; New Orleans is back online after the storm. After days (or weeks) in darkness, Entergy has finally restored power to nearly every customer in the region.
So what was the total cost of the storm: how about $500 million? And that's just Entergy's shares.
This begs the question: how do hurricanes affect the local economy? It may seem obvious that the it's adverse; but, think about how much people consume in preparation for the storm. Gas. Food. Bottled water. Generators which sell for upwards of $1,000 per unit.
Perhaps the answer lies somewhere in the middle; some industries struggle (tourism) while others boom (gas).