 "Hurricane Harvey")
On Tuesday morning, disaster analyst Chuck Watson had pegged $42 billion as a reasonable estimate for the cost of destruction Tropical Storm Harvey would leave in its wake. By the end of the day, he’d added another $10 billion.
Harvey’s initial blast along the Texas coast as a Category 4 hurricane was bad enough, sending gasoline prices surging and crude futures plunging as refineries shut. Now the storm has returned, making landfall a second time in southwestern Louisiana, which was devastated by Hurricane Katrina in 2005. It weakened as it moved farther inland.
The storm has brought torrential rain and
