Harvey’s Impact On The Energy Market Will Be Substantial

An estimated 30% of the country’s refining capacity was impacted by the storm. Some of that will likely be impacted for weeks. That means there is going to be a period in which we have too much oil, and too little gasoline and diesel. Ongoing price spikes are inevitable.

The Flares Of North Dakota

The Bakken isn’t quite booming again, but on a recent trip there I saw plenty of signs that drilling activity is heating up. One thing that means that is flaring is evident almost everywhere oil is being produced.