What If Gasoline Costs $20 a Gallon?
The total damage across all nations from Hurricane Fiona is estimated to be $11 billion. The storm kept its intensity all the way up to Nova Scotia, Canada — a feat seldom accomplished since the water is usually too cold.
Hurricane Ian will undoubtedly leave an even higher price tag. The ever-increasing clean-up costs from these storms have caused many insurance companies to leave Florida. The exodus of these firms was so great that the State had to create Citizens Property Insurance Corporation, a taxpayer-backed insurance program. There is little doubt that this ill-conceived plan will cost Florida residents a substantial amount of money as it isn’t likely that a bunch of bureaucrats will figure out how to turn a profit.
The list of natural disasters is endless. Forest fires, huge rain storms, tornadoes, and drought spare no part of the globe. Places will become vacant long before rising sea levels force people out. The cost of continually rebuilding storm-prone locations is unsustainable and extremely costly. The fact that insurers have left Florida is the first sign of this coming dilemma. Storms are causing us to rebuild entire cities each year.
As these areas become less inhabitable, housing prices will spike once again. I’m sure we will blame the insurance company.
Governor Moron DeSantis wants to put aside his partisan bickering to help people now that the once-again 100-year storm has come to the Gulf Coast of Florida. He is also a climate denier. It may seem fitting that nature will bankrupt his policies and state but along that road is real people who will be caught in the middle. Of course, many of those people in Florida are also climate deniers. It is on their doorstep now.
The cause of these storms is more significant than one simple-minded Governor.
The strengthening cyclones result from over 100 years of burning fossil fuels. Companies like Walmart and Dollar stores create billions of low-cost, single-use consumables that require intense energy needs and unlimited car trips to restock. These environmentally unfriendly purchases result in category 5 hurricanes and wildfires that consume hundreds of thousands of…