Posted on 06/27/2022 4:27:16 PM PDT by blam
Three tropical disturbances are being closely monitored for development in the Atlantic as fears mount that above-average storms could wreak havoc on oil/gas operations in the Gulf of Mexico and send gas prices at the pump to “apocalyptic” heights.
“The lull in the tropics has come to an end as we’re now watching three different areas for development from the Gulf of Mexico to the central Atlantic,” The Weather Channel reports.
The first system is an area of low pressure in the northern Gulf of Mexico and is expected to track westward early this week and could dump heavy rains along with parts of the Texas coast. Even though the storm has low probabilities of formation over the next 2-5 days, the system is situated near the Gulf Coast (PADD 3), which has the highest concentration of US refineries.
The second is a disturbance located 900 miles east-southeast of the southern Windward Islands and has a 70% chance of cyclone formation in 2 days with probabilities at 90% for five days. Called Invest 94L, the storm is expected the strengthen as it enters the Caribbean Sea this week. Behind Invest 94L is a tropical wave with a 20% probability of developing into a storm over the next five days.
The elevated tropical activity comes as OPIS energy analysis global head Tom Kloza told Fox Bussiness,” if we have an active tropical season” that impacts domestic refining efforts in the Gulf of Mexico, then it could send gas prices to “apocalyptic” heights.
“I think for gasoline, we go back above $5 and apocalyptic numbers come into play with hurricanes.
“The thing that people have to watch and is really insidious for inflation are the values for diesel and jet fuel. Stocks of those fuels are not building, they’re tight internationally and that’s where we’re going to have to pay the piper in the last 100 days of the year,” Kloza said.
Tropical activity in the Gulf can shutter offshore drilling rigs and onshore refining operations. And given today’s extremely tight refining capacity and a bulk of the nation’s refineries are situated on the Gulf Coast, we “have to cross our fingers that no refining infrastructure gets damaged by hurricanes or by the electric grid,” Kloza said.
Ahead of the hurricane season, which began on the first of June, Bloomberg Markets’s Jake Lloyd-Smith warned about the consequences of an active hurricane season and how it could severely disrupt refinery operations.
Everyone, including the Biden administration, has figured out that the bottleneck in refining is the culprit behind soaring diesel and gasoline prices. The US is structurally short and down 1 million barrels from April 2020 to 17.95 million bpd as of June.
All it would take is one (or multiple) major hurricanes with direct landfall on the Gulf Coast (or PADD 3) to send fuel prices at the pump even higher
A bit of fear mongering here folks.
Those of you who live in hurricane country ought to begin to think about you hurricane fuel plans for this year.
President Butt-Head actually prohibited a refinery expansion in May, and, as far as I know, nobody is re-opening the refineries that were shut down during COVID. I mean, you can see why, with this administration's antipathy to oil.
No, that’s the look on his face when he anticipates a hurricane shutting oil rigs down, which he will then stop from restarting again.
$3.99 at the closest station to my house.
I have mentioned the possibility of this several times recently just because it is hurricane season. There’s nothing to sensationalize here, I wouldn’t even say it is likely. However, I am torn about wanting this to occur. I don’t wish the pain and destruction of a hurricane on anyone. But on the other hand, an appropriately timed hurricane, say in September, would spike gas prices prior to the election. It will also expose the Biden Administration’s management of FEMA. You have to think he’s screwed that up too. It could be the nail in the Democrat Party’s coffin.
Election thefts have consequences. To paraphrase Mencken, go along with election fraud to get what you want and you’re going to get what you want good and hard.
$5.15 near mine. 87 octane.
LOL! If it’s from “Zubu Brothers”, it’s a fair bet it’s primarily fear porn.
some of us that live in hurricane country are aware and prepared...
Maybe.
But if they’re right, the economy shuts down. Then trucks stop moving.
Then a level of violence the likes of which many can’t comprehend.
Read…..When the Music Stops by Matt Bracken. It offers some insight as to where things could head. And if he’s right, folks better be prepared to do things they might never have thought they would need to.
Been watching this for about two weeks now.
All it will take is one..ONE to hit the TX and LA areas and it will be fascinating to watch.
Any excuse will do.
Prepper ping.
Ouch.
blam is nothing but a paid shill for the Zubu syndicate, who are nothing but doom forecasters.
You're nothing but a low-life piece of shit.
You know nothing about me. Period!
The coming winter will decide whether mankind will reject fossil fuels or embrace it as the saving form of energy that it is.
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