And all of those trumpeting the benefits of all the disaster-boosted economic activity are right! So what if Hurricane Rita is threatening 5 million barrels per day of oil refining, 7 billion cubic feet per day of natural gas production, and an unspecified additional amount of petrochemical processing and output? As well as millions of homes and other businesses? I have incontrovertable proof that this looming potential disaster is spurring new and wonderful economic activity: Exxon Mobil ordered 100 pizzas from the Domino’s pizzeria just outside its 575,000 b/d refining complex at Baytown, Texas, to feed workers toiling through lunch … Continue reading Bastiat Was Wrong!