There are estimates that I might cause $20 billion in damages in the US in addition to the $2+ billion in costs in the Caribbean. That’s a lot of money — enough to give every human on the planet $3. But it is only a fraction of the $600 billion the oil and gas industry is spending this year alone [2012 Harvard study, pg 8] in exploration and new production. That $600 billion investment in fossil fuels will bring far greater storms than I.
Read full post at Hurricane Sandy Speaks (crosspost)