What Harvey Means for the Energy Market

The video discusses the impact of Hurricane Harvey on insurance coverage, particularly for homeowners and businesses, highlighting that a significant portion of losses are uninsured. It examines the storm's effect on the energy infrastructure in Texas, focusing on the hardest-hit areas like Houston and Corpus Christi, and the risks to the largest US refinery in Port Arthur. The discussion extends to the potential loss of US refining capacity and the implications for gasoline supply and prices, especially in New York, due to reduced input into the Colonial Pipeline.

What are the expected consequences on gasoline prices in New York due to the storm?

How does the colonial pipeline relate to the supply issues mentioned?