Posted tagged ‘trees’

Oklahoma on Ice — The Aftermath

12-12-07

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Things are looking up in frozen Oklahoma — if you’re in the tree removal and replacement business, according to Kirby Lee Davis in The Journal Record.

“If you’re in the tree removal business you’re going to have a bonanza,” added Gary Trennepohl, a professor of finance and the president of Oklahoma State University’s Tulsa campus. “In our campus I bet we’re going to lose 90 percent of our trees. To me that’s the most devastating financial impact.”

Those comments reflect the aesthetics of the storm, the most visible area of damage. And it points to a huge, often overlooked sector.

Trennepohl estimated just replacing the trees at the OSU-Tulsa campus will cost hundreds and thousands of dollars. Multiply that by the thousands of square miles seeing similar wreckage, from Yukon and Norman to Grove and Claremore, and economists might start shaking their heads at the enormity of the issue.

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Those businesses, however, might be affected by a labor shortage brought about by the state and federal crackdown on illegal immigrant labor.

Lee interviews University of Oklahoma economist Robert Dauffenbach and OSU-Tulsa’s President Gary Trennepohl (also a professor of business) on the broader economic effects of the still-ongoing blackout affecting hundreds of thousands of the state’s homes and businesses. (more…)