$hurricane harvey fracked oil$

$hurricane harvey fracked oil$ $hurricane harvey fracked oil$

“Maintaining public health and enforcing existing environmental protections is of the upmost importance to EPA,” agency spokeswoman Andrea Woods said by email. Since then, air pollutants in Houston’s most heavily industrialized areas have surged as much as 62%, a Texas A & M analysis of state air monitor readings found.ĮPA says it is balancing public and business interests in trimming what the Trump administration considers unnecessary regulations. Last month, Environmental Protection Agency administrator Andrew Wheeler, a coal lobbyist before Trump appointed him to the agency, announced enforcement waivers for industries on monitoring, reporting and quickly fixing hazardous releases, in cases the EPA deems staffing problems related to the coronavirus pandemic made compliance difficult. Under President Donald Trump, federal regulatory changes are slashing requirements on industry to monitor, report and reduce toxic pollutants, heavy metals and climate-damaging fossil fuel emissions, and to work transparently with communities to prevent plant disasters - such as the half-dozen major chemical fires and explosions that have killed workers and disrupted life along the Texas Gulf Coast over the past year alone.Īnd that plunge in public health enforcement may be about to get even more dramatic. Residents of the mostly black and Latino communities closest to the refineries and chemical plants say that puts them on the front line of the Trump administration’s rollbacks of decades of public health and environmental protections. The Texas Gulf Coast is the United States’ petrochemical corridor, with four of the country’s 10 biggest oil and gas refineries and thousands of chemical facilities.

– Some US producers, states reopening amid political pressure.

– AP FACT CHECK: Trump's misdirection on virus testing, deaths.

– The Latest: Massachusetts becoming new virus hotspot.

All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Those gasoline inventories can now be drawn down to make up for the 10 refineries that have been shuttered by Harvey. has about 230 million barrels of gasoline stockpiled, more than before the storms in 20. Low oil prices made it more profitable for refiners to turn oil into gasoline, and they created even more than needed. refiners, many of which are along the Gulf Coast, to produce more and more gasoline. has 61% more oil stockpiled than in the summer of 2008 before Hurricane Ike and 52% more than before Hurricane Rita in 2005.Īnother key: the shale oil boom has encouraged U.S. (That doesn't include nearly 700 million barrels of oil sitting in the Strategic Petroleum Reserve, a complex of tanks and storage caverns holding emergency oil.) oil companies had stockpiled 463 million barrels of crude as of last week, according to the government. Related: What Hurricane Harvey will mean for gas pricesĬonsider that U.S. Now, those high oil inventories are providing a helpful cushion in the aftermath of Harvey. Crude prices have rebounded since then, but remain shy of $50 a barrel today. The glut caused oil prices to crash to $26 a barrel in early 2016. If anything, the oil industry is grappling with too much supply because of shale. Oil prices have dropped sharply this week even though FBE Energy estimates that the storm knocked out 780,000 barrels of Gulf of Mexico and Texas shale production. Gulf Coast, and in the summer of 2005 when Hurricanes Rita and Katrina struck.Īmple supply helps explain why the oil markets haven't feared a supply crunch from Hurricane Harvey. That's nearly twice as much as in September 2008 when Hurricanes Ike and Gustav hit the U.S. pumped 9.2 million barrels of oil per day in May.

$hurricane harvey fracked oil$

Related: Why oil prices are falling, not spiking, after Harveyĭriven by shale, the U.S. oil production, compared with nearly 30% a decade ago, according to RBC Capital Markets. less reliant on oil rigs in the Gulf, which are vulnerable to hurricanes.

$hurricane harvey fracked oil$

The difference now is that soaring oil production North Dakota and West Texas has made the U.S.

$hurricane harvey fracked oil$

Hurricane harvey fracked oil