Valero’s Houston Refinery is threatened by the swelling waters of the Buffalo Bayou after Hurricane Harvey inundated the Texas Gulf Coast with rain on Sunday. Prices were whipsawed late last week as traders tried to fathom just how bad Hurricane Harvey would prove for the energy industry. Energy economist Philip Verleger said issues for markets in coming days will revolve around distribution capabilities and infrastructure. Into the Oil Patch Harvey’s projected path crosses one of the busiest areas of the petroleum industry. Petroleum infrastructure Major pipelines Terminals Refineries Offshore platformsLOUISIANA

Source: Wall Street Journal August 27, 2017 21:15 UTC