Cold Hard Cash: #cost estimate for the big freeze in #Texas

I’m starting to see a few estimates on the cost of this episode in the media, for what it’s worth here’s the Enki estimate … there is probably going to be on the order of $30-35 Billion in physical damage across the Southwest and Midwest, mostly in the form of water damage from busted pipes, of which about $20 Billion or so will be covered by insurance, making this a big but not catastrophic event for the suits. The economic hit on the other hand is probably another $40 to $55 Billion, making this a $80 to $90 Billion dollar episode when you roll together the physical damage, economic impact, and government budget hits. When you consider that a few hundred million dollars of mitigation efforts (efforts that were recommended as far back as 1989) could have prevented maybe all but about $10 Billion of that, not to mention all the human suffering and even loss of life, there should be a serious reconsideration of priorities and some well deserved finger pointing …

Still snow on the ground in the midwest as of Saturday afternoon …

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