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Economically speaking, I think the biggest threat was to refineries. Were they seriously damaged? With due respect to victims, houses and offices are easier to
by rini17 9y ago
Economically speaking, I think the biggest threat was to refineries. Were they seriously damaged? With due respect to victims, houses and offices are easier to rebuild.
- MrFoof 9y agoHouston also contains nearly 40% of all US polyethylene and nearly 50% polypropylene production. That is a tremendous amount of production capacity for plastic and polymers going offline.
- cwkoss 9y agoWhich companies do you think will pick up this demand? Do domestic companies have capacity to scale up production, or will more be imported from overseas?
- jhayward 9y agoNot particularly seriously. Platts does extremely in-depth monitoring of virtually everything measurable in the O/G production and exploration business. Their report today[1] does not show drastic shut-ins of production, nor do futures prices predict a huge impact. Most offshore O/G production is back online. Hardly any on-shore was shut in. The refineries will have to go through their shutdown/repair/restart cycle but it looks like they will be back running in 2-3 weeks, up to maybe 6-8 for some. [1] https://www.platts.com/latest-news/oil/newyork/oil-factbox-usgc-refinery-outages-port-closures-26796285 https://www.platts.com/latest-news/oil/newyork/oil-factbox-u...