Hurricane Harvey Essay

Although the gas prices are steady between $3 and $4, it is $2 approximately more than it was before 9/11 attacks (Miley).

Hurricane Katrina was one of the deadliest hurricanes ever to hit the United States. Hurricane Katrina started out as any other hurricane, as the result of warm moisture and air from the oceans surface that built into storm clouds and pushed around by strong forceful winds until it became a powerful storm. Hurricane Katrina formed over the Bahamas on August 23, 2005 and crossed southern Florida as a moderate Category 1 hurricane, causing some deaths and flooding there before strengthening rapidly in the Gulf of Mexico. The hurricane strengthened to a Category 5 hurricane over the warm Gulf water, but weakened before making its second landfall as a Category 3 hurricane on the morning of Monday, August 29 in southeast

Hurricane Sandy was a tropical cyclone that devastated portions of the Caribbean, Mid-Atlantic and Northeastern United States in late October 2012. The eighteenth named storm and tenth hurricane of the 2012 Atlantic hurricane season, Sandy was the largest Atlantic hurricane on record, as measured by diameter, with winds spanning 1,100 miles. Sandy is estimated in early calculations to have caused damage of at least $20 billion. Preliminary estimates of losses that include business interruption surpass $50 billion, which, if confirmed, would make it the second-costliest Atlantic hurricane in history, behind only Hurricane Katrina.

The state adopted a new regulation on the quality of fuel, thus raising prices of production of the good. Among other things a great amount of additional environmental guidelines have all contributed to sky-high prices. As a result in 2006 gas was 23 cents higher in the state of California than the national average. Other control within the government has contributed to the shut down of many small refineries in the state only 14 refineries remain. Since there are so few refineries in the state, an issue at one refinery will significantly affect the gas

When most people think of Texas they think of the booming oil industry that the state has. According to our textbook, “Texas accounts for almost one-third of the country’s natural gas production and holds almost almost a quarter of the country’s natural gas reserves.” Texas has greatly invested in the recourses that are found within the state which makes gives the state a huge economic advantage. When fracking is used to help turn out even larger quantities of natural gas, the economic impact is huge. If the state greatly invested in fracking sites and the use of both traditional and horizontal fracking, the economic gain in the near future could be huge. The state could be turning out twice the amount of natural gas as it is

Since we are able to make wholesale purchases and get large discounts on our gasoline, we no longer have to markup our gas prices and we can keep a very low profit margin on our gasoline, which will in turn attract customers. With the increase in customers, we should be able to reasonably expect our in store sales to increase as well, which is where we expect a majority of our profit to come in from anyways. Moreover, from Chevron’s perspective, we should be worried that the current ruling does not get appealed because if it does we potentially can be worse off than we were before because of being forced to change our prices drastically which has a negative impact towards our market.

Gas prices in North Carolina is a major issue right now due to Hurricane Matthew striking the state. Owners of gas companies are choosing to increase their prices because they know that most of the public needs gas to maneuver to safe zones. When there has been a state of emergency because of the weather, gas station owners should be applicated to charge a low and fair amount for gas.

In Texas, the road closures have made it difficult for workers to have a timely commute. The property tax may increase by to help for the damages caused by Hurricane Harvey. There is also a shortage of contractors in Texas, which may lead to a longer period of rebuilding. The energy and petrochemical industries are critical in Texas. Texas' oil refineries had to partially or fully shut down during the storm.

Harvey made landfall along the coast of Texas. Hurricane Harvey formed quickly. Harvey a category 4 storm with winds around 130 miles per hour. On Thursday, Harvey became a tropical storm. By the following day, Harvey became a category 2 hurricane and strengthened to a category 4 before making landfall in Texas. Harvey feed off the warm waters off the Gulf of Mexico. This provided more fuel to the storm. The storm gained energy and speed as it moved of the gulf warm waters. Hurricane Harvey moved gradually making it worse and giving it additional time to dump devastating amounts of rainfall onto some areas of Texas (Fecht, 2017). According to data provided by Texas State Climatologist John Nielsen-Gammon, Hurricane Harvey produced the largest rainfall of any US hurricane on record. Much of the rain fell in the greater Houston metropolitan area, a low-lying region that has seen rapid growth in recent decades. The result was the largest natural disaster the nation has seen since Hurricane Katrina of 2005, killing at least 70 people, displacing many thousands, and causing damages that are expected to rise above $150 billion (Emanuel,

The most prominent geologic feature of the upper Texas coast is the Galveston Bay, covering to the extent of within 600 square miles, it's one of the most urbanized and industrialized areas. Just like any other chill evening in the Galveston Bay, TX everything was calm as air, but on March 22, 2014 after a dramatic collision between a ship and an oil barge. Opproximatley more than 150,000 gallons of fuel oil so heavy it wont evaporate as easy and it'll also be difficult to clean up. It quickly leaked into the Houston Ship Channel, and started to expand on / upon nearby marshes. This chaotic spill unleashed, as much as 168,000 gallons of bunker fuel, a thick, cheap fuel that powers big ships. In the past their has / had been many calls to ban banker fuel. Furthermore, within days of the spill, the disperse of the bunker fuel was evident. Oil was detected not too far in the Gulf of Mexico 12 miles offshore on a crisp Sunday, March 23, and

The supply of gasoline to various regions of the United States also plays a significant role. The country is divided into five different regions: Gulf Coast, East Coast, Midwest, Rocky Mountain, and West Coast. Some of these areas do not have enough refineries in their own region to support the consumption and therefore need it brought in. For example, the West Coast has very limited pipeline connections from the other regions. It must rely on water shipments and its small amount of refiners for its supply. If something should happen to the water shipments, i.e. a hurricane, tsunami, etc. it would greatly effect the supply of gasoline.

Known as the world capital of the oil and gas industry, Houston is known as the leading international center for virtually every segment of the energy industry. Being one of the biggest contributing factors to Houston’s economy, the oil industry plays a big role in how prices throughout the city pile up. However, after the oil industries recent bust, the economic aspect of Houstonians has also been affected. While some Houstonians are affected negatively, some others are affected positively. From job losses, to having access to lower gas prices, everyone in Houston has been affected one way or the other. The downturn of the oil industry has had an economic impact on the daily lives of Houstonians.

Oil prices affect most American's daily lives. Whether it is used to fuel your car, a plane, to heat your home, or even if it is just used inside products, like plastic that we use daily, oil plays a role in all of our lives. Last year, in 2015, an extreme decline in gas prices swept the United States. For example, oil prices have decreased to less than $30 a barrel which is the lowest it has ever been in 12 years. There are many factors that can contribute to this sudden decline in gas prices, but their are three that are the most relevant. These include, the recent advancements in other fuel sources, the changes in the leading oil suppliers of the world, and the simple economic concept of supply and demand. These three ideas are all important in contributing to the fall of gas prices.

1. Introduction The 2017 Atlantic hurricane season officially came to a close on November 30th 2017 (National Hurricane Centre) settling one of the busiest years the United States of America had seen in a long time. The hurricanes which did hit set a number of records such as Hurricane Harvey being the wettest hurricane (60” of rainfall), Hurricane Irma having sustained wind speeds of 185mph for 37 consecutive hours and the 6 major hurricanes came one after the other.

Gas Prices affected by Geopolitics and Supply problems Along with the demand for oil rising, many disruptions to the supply have created bottlenecks. For example, the war in Iraq has resulted in reducing oil production there, as has also happened in Nigeria due to rebel activity. The continuing nuclear weapons wrangle with Iran, the government increasing its control over industry in Russia, and the oil companies being nationalized in Venezuela has given rise to misgivings about future supplies.In recent years, refining crude oil in the US has also become more expensive, with experts citing two main reasons for this: congressional mandates resulting in shifting towards the production of more environmentally clean gasoline blends, and the oil refineries on the Gulf Coast being devastated by Hurricanes Katrina and Rita in the year 2005. In addition, the production of crude oil in America has also become costlier since the places that have been easiest to drill have largely gone dry.This means that oil companies have to go increasingly into offshore oil producing areas such as the Gulf of Mexico, which cost much more to drill in. With oil companies having to access harder to reach locations, which makes it costlier to produce oil, and simultaneously them being forced to reduce their