Hurricane resilience

[Frodo]

imported post

What is the thinking with regard to yet another huricane headed towards the gulf as mid October approaches...... I believe this would be number 3 to hit the oil industry in three months!

 

[JohnnieB1]

imported post

You are correct. number three this season. The industry has not recovered from numbers one ane two yet. The majority of Gulf oil and gas production is still shut in. The effects of a third storm can already be seen. Oil rices are going up today. I would also expect that this would result in more inflation and continued erosion of the markets.