Oil CEOs on Harvey's Impact in 90 Seconds

The video discusses the resumption of production after a storm, highlighting the impact of heavy rainfall in Port Arthur and its effects on operations. It covers the management of potential cargo disruptions and diesel supply, the restart of refineries, and the status of well operations. Precautionary measures taken, such as shutting down wells in the Eagle Ford Shale, are also discussed, along with the effects on downstream markets.

What was the main concern regarding the water flow after the storm?

• It was causing power outages.

• It was flowing into residential areas.

• It was flowing down the channels.

• It was disrupting local wildlife.

What was the primary focus of the scrambling efforts mentioned?

• Securing food supplies.

• Evacuating personnel.

• Ensuring diesel availability.

• Repairing damaged infrastructure.

How many refineries were expected to resume production shortly after the storm?

• Only the smallest ones.

• All refineries.

• Some of the bigger ones.

• None of the refineries.

What precautionary measure was taken in South Texas?

• Shutting in all wells in the Eagle Ford Shale.

• Increasing production levels.

• Expanding storage facilities.

• Reducing workforce.

What was the impact on the Permian Basin after the storm?

• Complete shutdown of operations.

• Resumption of full production.

• Significant reduction in production.

• No impact at all.