SOURCE: Equity International

September 12, 2008 19:28 ET

Hurricane Ike Devastation to Impact Oil and Gas

WASHINGTON, DC--(Marketwire - September 12, 2008) - As the effects of Global Warming continue to create harsh weather conditions around the nation's coasts, hurricane preparedness and coastal reconstruction expert William Loiry advises that local governments should be viewing storms such as Hurricane Ike as a call to reduce U.S. dependency on oil and look for alternative energy sources.

Loiry said with Hurricane Ike coming through the Gulf area, almost 23 percent of our nation's oil production has been shut down and the barrel price of oil is on a steady rise. "As a nation relying heavily on oil, we have no energy security, which is why it is imperative that we invest in more renewable energies immediately," said Loiry. "There is a huge commitment required from the political arena to move our nation forward on the use of wind, solar and other renewable electricity sources that will naturally power our environment and keep it clean."

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"The devastation that will soon be upon the Texas cities facing the path of Hurricane Ike will be an obstacle for the residents of the area and will create a huge economic impact on the nation," Loiry added. "By setting up forums to help local governments, we can create immediate and long-term solutions as well as alleviate some of the hardships for the residents most affected by the hurricane."

Loiry, president of Equity International, organized the first Katrina Reconstruction Summit on Capitol Hill in September 2005, providing a leadership forum for immediate solutions to the destruction of Hurricanes Katrina and Rita. He also hosted the Gulf Coast Reconstruction & Hurricane Preparedness Summits in Kenner, Louisiana and New Orleans on the first and second anniversaries of Hurricane Katrina. These summits brought together Louisiana Governor Kathleen Blanco, New Orleans Mayor Ray Nagin and all federal agencies involved in the reconstruction and development of the U.S. Gulf Coast.

Equity International is a business development firm with offices in Washington, D.C. and Florida. Equity International has spent 15 years bringing together solutions for disaster reconstruction and insights into the future of renewable energy. More than 35,000 government officials and business executives have participated in Equity International's summits, briefings and forums. Upcoming events include the Clean Action Summit in Orlando and the Washington International Clean Energy Summit in Washington, D.C.

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