Tuesday, September 06, 2005

"As tragic as it is for New Orleans, it is a boon for Houston."

From the New York Times:
Perhaps no city in the United States is in a better spot than Houston to turn Katrina's tragedy into opportunity. And businesses here are already scrambling to profit in the hurricane's aftermath.

Oil services companies based here are racing to carry out repairs to damaged offshore platforms in the Gulf of Mexico; the promise of plenty of work to do sent shares in two large companies, Halliburton and Baker Hughes, soaring to 52-week highs last week.
I am shocked -- SHOCKED -- to find Halliburton profiting off this catastrophe.

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