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Harvey Knocks Out More Refineries, Shifting Global Oil Flows - NBC10 Boston Harvey Aftermath 
Harvey Knocks Out More Refineries, Shifting Global Oil Flows

By David Koenig

Published Aug 30, 2017 at 5:48 PM | Updated at 12:52 AM EDT on Aug 31, 2017 Weather Newsletter


More than one-fifth of U.S. refining capacity has been shuttered, according to S&P Global Platts.

Devastation, Heroes, Community: Texas Responds to Harvey While Hurricane Harvey has devastated Texas, the community and rescue workers have come together to help those in need.

(Published Monday, Aug. 28, 2017)

With that, gasoline futures headed higher for a third straight day. They had climbed 10 cents to $1.88 a gallon Wednesday

Retail gas prices climbed, too, up 2 cents a gallon on Wednesday and 7 cents in the past week, to a national average price of $2.42 per gallon, according to Gasbuddy.

"In terms of product price increases, it might get worse before it gets better," said Rob Smith, an energy analyst with IHS Markit.

It could take two weeks or longer before big refineries in the Houston area can recover from a record-setting deluge and resume normal operations. That assumes they didn't suffer serious damage, which is still unknown.

As much as 2 million pounds of potentially hazardous airborne pollutants may have been released from oil refineries and other facilities in the Houston area, NBC News reported.

Officials estimate that in some cases the amounts released far exceed the legal limits, according to regulatory filings submitted to the Texas Commission on Environmental Quality. However, the state agency can't know for sure how much of the contaminants have gone out, as air-quality monitoring stations were shut down before Harvey made its first landfall.

Dramatic Images: Floods Hit as Harvey Drenches Texas 
The so-called shale revolution has led to a surge in oil production in the U.S., increasing the nation's exports of crude oil and gasoline to Mexico and other places in Latin America, and diesel to Europe.

When the U.S. can't produce enough gasoline or diesel to meet export demands, other regions are forced to look for replacement supplies "and the backfill has to come from further away," said Richard Joswick, an analyst with S&P Global Platts. "It has to come from Asia even."

The Rock’s Message to Houston Dwayne “The Rock” Johnson uploaded an Instagram video with a message for the people of Houston and to encourage others to donate to the Red Cross.

(Published Wednesday, Aug. 30, 2017)

The recovery from Harvey will mimic the storm's path from west to east. Flint Hill Resources' refinery in Corpus Christi, where Harvey made landfall as a Category 4 hurricane, could begin to restart — a process that takes days — as early as Wednesday. Other refineries in the area are likely to do the same later this week.

Trump Extends 'Thoughts and Prayers' to Texas During Harvey "My administration is coordinating closely with local authorities," the president said Monday at a joint press conference with the president of Finland.


"It takes some time to start up a refinery under normal circumstances, and it wouldn't be surprising if they run into hiccups," said Smith, the HIS Markit analyst. "It could be a week if not longer before Corpus Christi is at normal operations."

Harvey the Hawk Rescued and in Recovery 


Parts of the Colonial Pipeline, the main fuel line that runs from Texas to New York, remains shut down — partly because with refineries closed, there is nothing to ship, but also because of Harvey-related damage.

Colonial Pipeline Co., the biggest fuel transporter in the U.S., said Wednesday night in a statement that a line carrying diesel and jet fuel is temporarily shut down and that a line carrying gasoline would close Thursday. The company plans to resume normal operations as conditions improve.

Thousands Forced From Houston Homes by Record Floods Thousands of families were forced from their homes following recording flooding in the wake of Hurricane Harvey. The National Weather Service is expecting up to 50 inches of rain to affect some parts of the area.


Other sectors are also slowly emerging from Harvey's mess.

INSURANCE: Damage estimates from wind, storm surges and flooding are soaring, with Moody's Analytics putting them between $51 billion and $75 billion. RMS, a company that advises insurers, estimates the cost at $70 billion to $90 billion. TD Economics said Harvey will cut 0.1 to 0.4 points from U.S. third-quarter economic growth.

SHIPPING: In a hopeful sign, port officials in Corpus Christi say that an initial check turned up some damage from Harvey's landfall over the weekend, but they hope to restart shipping on Monday. First, however, the Coast Guard will have to declare the shipping lanes clear, and boat pilots will have to be satisfied it's safe.

All four ports in the Houston area remain closed and aren't likely to reopen for several days.

TRAVEL: Houston Mayor Sylvester Turner said Houston's two airports would resume limited service late Wednesday afternoon.

United Airlines planned to operate three departures and three arrivals Wednesday night at Bush Intercontinental Airport, a spokesman said. Other carriers, such as American Airlines, planned to wait until Thursday. At Hobby Airport, Southwest Airlines, the dominant carrier, doesn't plan any flights before Saturday, according to a spokeswoman.

More than 1,600 U.S. flights had been canceled by afternoon, most of them at the Houston airports, according to tracking service FlightAware.

