Oil

Hurricane Harvey disruptions reveal key to Texas winning America’s next civil war

Monday, September 4, 2017
By Paul Martin

by: JD Heyes NaturalNews.comSunday, September 03, 2017 Most people know that Texas is home to the bulk of America’s oil and gas industry, and in the wake of Hurricane Harvey, we’re all finding out just how vital the Lone Star State is. The storm has knocked out a sizable portion of Texas’ refining capacity,... »

Oil Tanker Logjam Grows To 54 Ships As Gulf Ports Remain Closed

Saturday, September 2, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Sep 2, 2017 On Tuesday, just as Hurricane Harvey was peaking, we reported that according to ship-tracking data compiled by Bloomberg, as well as MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil were drifting near Texas and Louisiana ports, unable to offload... »

Hurricane Harvey Disaster for America, Fuel Prices, Economy Sinking into Recession

Friday, September 1, 2017
By Paul Martin

By Greg Hunter USAWatchdog.com September 1, 2017 Hurricane Harvey has ravaged Texas and Louisiana, but losses will spread across the United States. Everyone will feel the impact in some way. Hurricane Katrina losses totaled $175 billion, and Harvey could be twice that or more. (Texas Rep. Pete Sessions: Harvey Impact Could Reach $1 Trillion.)... »

Harvey Hangover Hits Pump Prices, Jet Fuel Premium Highest Since 2008

Friday, September 1, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Sep 1, 2017 “It’s only just beginning,” warned one seasoned veteran energy trader as the hangover from Hurricane Harvey flows downstream to retail gas prices and jet fuel premiums. As Bloomberg notes, Harvey impact currently includes: Colonial says it’ll commingle Rbob and conventional gasoline Explorer Pipeline planning to start lines... »

‘Worst’ energy crisis US has seen in decades: Storm-damaged main pipeline carrying 58.8million gallons of fuel from Texas to the East Coast a day shuts down as international traders rush to reroute fuel to America

Thursday, August 31, 2017
By Paul Martin

The Colonial Pipeline Co said temporarily shut down its main line on Wednesday The company connects the refineries of the Gulf Coast to the populous East Coast and transports more than 3million barrels of fuel every day The main line carries gasoline from the Gulf Coast to as far as North Carolina Tropical Storm... »

US Releases 500,000 Barrels Of Oil From Strategic Reserve As Largest US Refinery May Be Shut For 2 Weeks

Thursday, August 31, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 31, 2017 The U.S. Energy Department announced on Thursday that it would release 500,000 barrels of crude oil from the US Strategic Petroleum Reserve as a result of the disruption to the US petroleum industry following Hurricane Harvey amid fears of a surge in motor fuel prices, which have... »

Gasoline Prices Surge After Colonial Pipeline Shutdown, East Coast Fuel Shortages Loom

Thursday, August 31, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 31, 2017 Gasoline prices have exploded higher once again this morning – topping the Maginot Line of $2.00 for the first time since July 2015 – following reports that the main conduit for fuel from the Gulf to the East Coast has been shut due to Hurricane Harvey. Motor... »

Tokyo & Washington to limit North Korean access to oil – media…(Oil Started WW2!)

Wednesday, August 30, 2017
By Paul Martin

RT.com 30 Aug, 2017 Japan and the United States will push for an international embargo on oil exports to North Korea following Pyongyang’s launch of a ballistic missile over Japan, the Japanese media report. Along with South Korea, the countries have agreed it is time to put more pressure on North Korea, according to... »

DANGER: Gold/Oil Ratio Approaching Levels Last Seen During The Great Depression!

Wednesday, August 30, 2017
By Paul Martin

KingWorldNews.com August 29, 2017 Last year the Gold/Oil ratio hit all-time highs, shattering the record from the Great Depression. After oil’s plunge and gold’s recent surge, KWN thought it was a good idea to take a look at the astonishing Gold/Oil ratio. Despite the continued propaganda and outright lies about the economic recovery, this... »

Gas Station Shortages Expected In Texas As Gulf Coast Premiums Hit Record Highs

Monday, August 28, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 28, 2017 According to retail fuel supplier Mansfield Oil, short-term fuel supplies for Houston and San Antonio are significantly impacted by Tropical Storm Harvey. Bloomberg reports that San Antonio and Houston supplies are at code red, while Corpus Christi was downgraded to code orange as terminals have come online... »