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Galveston’s BioLab Amid Global Warming
Galveston’s BioLab Amid Global Warming Ken Kramer grew up in the 1950s and 1960s in Houston. As a child he spent a lot of time on Galveston, an island about 50 miles away in the Gulf of Mexico. Kramer experienced Hurricane Carla in 1961 with gusts of 175 mph and a storm surge of 22 […]
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oi
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil The lucrative Permian Basin still holds between 60 and 70 billion barrels of unharvested oil, IHS Markit Ltd said this week. The recoverable resources in the basin shared by Texas and New Mexico could supply crude to every U.S. refinery for 12 years straight—that’s a total […]
Refiners Boost Output, But Irma Could Dent Demand
Refiners Boost Output, But Irma Could Dent Demand Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt, and some Midwestern refineries are benefitting from surging margins stemming from the havoc. Bakken Midwest refining margins […]
What Is Behind Surging Gas Prices?
What Is Behind Surging Gas Prices? As gas stations raise prices in the wake of Hurricane Harvey, there have been numerous accusations of price gouging. Especially on social media, some are quick to conclude price gouging if they see gasoline prices go up by 10 or 20 cents per gallon over the course of a […]
Rig Count Slumps To 3-Month Lows As US Crude Production Collapses
Rig Count Slumps To 3-Month Lows As US Crude Production Collapses US crude production collapsed this week with most of Texas offline and we would expect rig counts to have continued to stabilize (if not fall) following the lagged track of WTI, and they did – oil rigs dropped 3 to 756, the lowest since […]
Hurricane Harvey’s Impact on Texan Farmers
Hurricane Harvey’s Impact on Texan Farmers Hurricane Harvey, the most powerful hurricane to hit the United States in more than a decade, is expected to have a significant impact on Texan farmers, ranchers, and Texas’s agricultural export industry. With more than 50 inches of total rainfall already recorded, water damage to grain and vegetable crops, […]
Arkema Texas Plant Explodes Causing “Massive” Fire, “Black Smoke Fills The Air”
Arkema Texas Plant Explodes Causing “Massive” Fire, “Black Smoke Fills The Air” You can’t say they didn’t warn us: this afternoon, the VP of US manufacturing Daryl Roberts at French chemicals giant Arkema, said the company was on “high alert” as more fires could start at the doomed facility at any moment. Well, that moment […]
A Hot Mess
A Hot Mess It wasn’t until more than a week after Hurricane Katrina slammed into New Orleans in 2005 that the full extent of the damage was recognized and so it will go with the hot mess where Houston used to be. Mostly, it is inconceivable that the business activity which made Houston the nation’s […]
Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case
Hurricane Harvey Aftermath: 100,000 Homes Destroyed, A Million Vehicles Ruined And Bottled Water Being Sold For $99 A Case It is now being estimated that the total amount of economic damage caused by Hurricane Harvey will be somewhere in the neighborhood of 190 billion dollars. It is a disaster unlike anything that we have ever […]
What Did Harvey Do to the Wind Farms on the Texas Coast?
What Did Harvey Do to the Wind Farms on the Texas Coast? Downed power lines was the biggest problem. Oil-and-gas state Texas is by far the largest wind power producer among US states. With an installed capacity of 21,044 MW, and with 5,437 MW under construction as of the end of 2016, Texas is well […]
Arkema Releases List Of Toxic Chemicals Stored At Doomed Texas Plant, Warns “More Fires” Imminent
Arkema Releases List Of Toxic Chemicals Stored At Doomed Texas Plant, Warns “More Fires” Imminent One day after two explosions rocked its flooded plant in Crosby, Texas, French chemicals giant Arkema said it was on “high alert” as more fires could start at the doomed facility at any moment, according to VP of US manufacturing […]
Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals
Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” Chemicals The unprecedented destruction wrought by Hurricane Harvey will impact the US economy in ways may not be immediately apparent. Until recently, coverage of the storm’s impact has focused on property damage and the impact on the energy industry. But in a story published Friday, Bloomberg explains […]
Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar
Hurricane Harvey Looters Targeting Fuel Tanks As Google Searches For “How To Siphon Gas” Soar Texas resident Joe Roan woke up to a rather unpleasant surprise yesterday morning as he discovered the remnants of a would-be thief attempting to steal gasoline from his Jeep Wrangler tank. Unfortunately, as a local CBS affiliate pointed out last […]
Scientist Confirms: Harvey Caused A “1-In-1,000-Year Flood”
Scientist Confirms: Harvey Caused A “1-In-1,000-Year Flood” Scientists have confirmed what one renowned weather forecaster has suspected for days: Hurricane Harvey was a “1-in-1,000-year flood.” That’s according to researchers at the University of Wisconsin’s Space Science and Engineering Center, who claim there is nothing in the historical record that rivals the devastation resulting from the […]
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008
Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008 “It’s only just beginning,” warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums. As Bloomberg notes, Harvey impact currently includes: Colonial says it’ll commingle Rbob and conventional gasoline Explorer Pipeline planning to start […]
