Thursday, August 24, 2017

Markets & gasoline prices as tropical storm Harvey intensifies

We had a storm here in Phoenix last night, with strong wind & rain. The wind was so strong in fact, I was afraid my trees were going to succumb to the storm. But fortunately, none of my trees were toppled, & plants stayed in place.  

But obviously, that was nothing compared to what's heading towards Texas:
http://www.chron.com/news/houston-weather/hurricanes/article/Harvey-impacts-Texas-Latest-tropical-weather-11953474.php:

"Tropical Storm Harvey is strengthening as it heads toward the Texas Coast and is expected to make landfall Friday as a Category 3 hurricane, the National Hurricane Center said Thursday morning."

Harvey is also threatening one third of US refining capacity, thus:
https://www.cnbc.com/2017/08/24/tropical-storm-harvey-heads-for-texas-may-become-hurricane.html

"U.S. benchmark gasoline prices hit a three-week high on Thursday as the storm took aim at the center of the country's refining industry.
The storm has also forced energy companies including Royal Dutch Shell,Anadarko Petroleum and Exxon Mobil to evacuate staff from oil and gas platforms in the Gulf of Mexico.
Hurricane, tropical storm and storm surge watches were in effect for counties along the Gulf Coast.
The biggest threat from Harvey is not its strong winds but the heavy rain, according to NHC forecaster Dennis Feltgen."

Despite all of this, the preparedness of FEMA under Trump remains to be seen. For now, they're sending supplies: 

"FEMA Sending Supplies to South Texas Ahead 

of Harvey"


http://www.nbcdfw.com/weather/stories/FEMA-Sending-Supplies-to-South-Texas-Ahead-of-Harvey-441564043.html


"As Tropical Storm Harvey bears down on the Texas Gulf Coast, the Federal Emergency Management Agency is sending supplies from its warehouse in Fort Worth to a staging point at Randolph Air Force Base near San Antonio.
The supplies, which would be used to help people affected by the storm, include about 250,000 meals, 77,000 liters of water and 4,000 tarps."


I do hope the best for the people of Texas. 

& on a much lesser scale; personally, I'll probably go get gasoline this evening just in case.  

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