for Hurricane Harvey
Like a scene out of the movie Zoolander, fights have occurred at gasoline stations in hurricane-affected areas.
The spread between benchmarks Brent and WTI has widened recently, a reflection of a sharp increase in U.S. shale production this year at a time when OPEC is cutting back.
Outages from Hurricane Harvey and the subsequent price volatility provide a reminder that despite the enormous changes on the U.S. supply side over the past decade, the country is still dealing with energy security vulnerabilities.
Harvey’s effects on the nation’s energy infrastructure are wide-ranging, forcing a large swath of refining capacity to shut.