Comments on: Harvey’s effects on petroleum pricing and related things

By: Wow

Wow — Fri, 25 Aug 2017 18:52:29 +0000

Nah, god tried raising prices on oil, ever since the 70s. Hasn’t stopped you yet, so he’s going for the direct option: hurricanes. Hes pissed at what you did.

By: MikeN

MikeN — Fri, 25 Aug 2017 18:47:56 +0000

More gas usage produces global warming which produces more string hurricanes which shuts down refineries which raises gas prices which reduce global warming.

By: Wow

Wow — Fri, 25 Aug 2017 17:52:11 +0000

It’s god’s punishment on the oil industry and the USA for their pollution of this planet he made for us, that’s what it is.

Ever wondered why god put the oil under foreigners’ lands? Because he didn’t want anyone to burn it.

By: Eric Lund

Eric Lund — Fri, 25 Aug 2017 17:13:02 +0000

I don’t speak the jargon well enough to work out all of that, but the gist is that a substantial fraction of US gasoline refining capacity will be offline for at least a few days due to the hurricane, and depending on damage, some of it could be offline for months. Some natural gas appears to be affected as well: “force majeure” means, “it’s not our fault we couldn’t fulfill our contract with you.”

Short version: Expect a spike in gasoline prices for the next week or so because we won’t be producing as much of it as usual. And that’s the best case scenario.