Gadfly
Harvey's Descendants Will Trouble Global Energy
Shale's rise will transfer the energy-market risks of future hurricanes to the rest of the world.
A "Stop" sign stands in floodwaters due to Hurricane Harvey in Spring, Texas, U.S., on Monday, Aug. 28, 2017. A deluge of rain and rising floodwaters left Houston immersed and helpless, crippling a global center of the oil industry and testing the economic resiliency of a state that's home to almost 1 in 12 U.S. workers.
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Here's a taste of things to come in global energy markets:
The ongoing disaster of Hurricane Harvey has, of course, led to shutdowns of refineries, oil and gas rigs and other elements of the concentrated, complex network of energy infrastructure that sprawls across the coast and waters of the Gulf of Mexico.