By September 4, 2017 0 Comments Read More →

Hurricane Harvey puts squeeze on oil supply chain

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Harvey, the “500-year storm,” has destroyed homes across coastal Texas as far as 50 miles inland. The loss of life is not fully known, but growing. The nation’s attention has quite rightly been on the human dimension.

Harvey has also disrupted energy infrastructure, oil production, refinery processing and supply chains — perhaps more than has been reported.

Just as the nation enters the Labor Day weekend, one of the heaviest travel times of the year, shortages — real and anticipated — are resulting in price spikes for gasoline. Prices at the pump tend to rise quickly, but drop slowly…

 

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