Hurricane

[Hoosierfrog]

Yes Port Arthur is temporarily shut in with no damage. At the same time, the Corpus Christi Valero and Flint Hills facilities are ramping back up. This is an irrational panic. The full supply chain is intact and operational. Absent the current panic, the Port Arthur shut in would cause temporary surges in pricing but no shortages. The localized shortages are entirely due to panic buying and not supply disruption.

I wasn't challenging the assertion there isn't plenty of gas. However, there is already stress on refining capacity with a glut of oil and an already short supply of refining capability exacerbated in the short term by the Harvey mess. Agree however, there appears to be an irrational run on local gas stations.

 

[Hoosierfrog]

http://money.cnn.com/2017/08/31/news/hurricane-harvey-gas-dallas/index.html

 

[Moose Stuff]

On a positive note the people of Houston will now have Kate Upton to look at.

 

[PhillyFrog]

I propose we start referring to hurricanes by the gender-neutral 'Itticanes'.

 

[QuilterFrawg]

Anyone else watching Irma heading toward Leeward Islands/Cuba?