Hurricane Harvey's Impact on the Energy Markets

The video discusses the oil and gas industry's response to Hurricane Harvey, highlighting changes in production and market dynamics since 2008. It examines the impact of the hurricane on refineries, gasoline prices, and natural gas supply and demand. The discussion also covers the effects of power outages and flooding on energy demand in the Gulf Coast region.

How has shale production influenced oil and gas prices?

• No change in gas prices

• Decreased pressure on oil prices

• Increased pressure on oil prices

• Decreased gas prices

What was one of the immediate actions taken by refineries in response to Hurricane Harvey?

• Moved operations inland

• Increased production

• Reduced gasoline prices

• Shutdown of operations

How did the market react to the changes in natural gas supply and demand due to Hurricane Harvey?

• Both supply and demand were equally affected

• No change in market reaction

• Demand was seen as more detrimental

• Supply was seen as more detrimental

What is the primary cause of demand destruction for natural gas during Hurricane Harvey?

• Increased production

• Power outages

• Higher gas prices

• Increased demand for gasoline

What was the expected storm surge height during Hurricane Harvey?

• Up to 20 feet

• Up to 25 feet

• Up to 15 feet

• Up to 10 feet