$hurricane harvey fracked oil$

HURRICANE HARVEY FRACKED OIL OFFLINE

But, she noted, oil companies announced fewer platform shutdowns on Friday than they had on Thursday, which is an encouraging sign.Įxxon Mobil closed two of its platforms and was evacuating all personnel in the expected path of the storm, said spokeswoman Suann Guthrie.

HURRICANE HARVEY FRACKED OIL OFFLINE

'We could see more production be taken offline in the Gulf of Mexico' if the path of the storm wanders farther east, said Jenna Delaney, an oil analyst for PIRA Energy. The agency estimated that platforms accounting for about 22 percent of oil production and 23 percent of natural gas output in the Gulf had been shut down. Bureau of Safety and Environmental Enforcement said workers had been removed from 86 of the 737 manned platforms used to pump oil and gas from beneath the Gulf.

$hurricane harvey fracked oil$

OIL AND GAS: Companies have been evacuating workers from oil platforms in the Gulf of Mexico, and that is crimping the flow of oil and gas.Īs of Friday, the U.S. In addition to the refinery closures, Formosa Plastics shut its petrochemical plant in Point Comfort, Texas, and Ox圜hem suspended operations at its petrochemical plant in Ingleside, Texas, according to Platts, an S&P Global division that tracks the commodities and energy industry. The prospect of supply interruptions sent gasoline futures to $1.74 a gallon, their highest level since April, before they retreated to around $1.67 by Friday afternoon. said it was closing two facilities in Corpus Christi. Tom Kloza, an analyst for the Oil Price Information Service, predicts that prices could rise by up to 25 cents a gallon, but that an increase of 5 cents to 15 cents is more likely, assuming that the hurricane doesn't cause lasting damage to refineries.įlint Hills Resources announced that it would shutter a refinery before Harvey hit and Valero Energy Corp. Years of research and development go into perfecting this technology that allows Genesis to offer its clients a sole source, re-usable water filtering and cleansing technology that is totally chemical free.For now, Lipow is predicting gasoline prices will rise 10 cents per gallon east of the Rockies. Genesis Research and Technology Group provides custom-built state-of-the-art water treatment technologies for all types of water. The Company exploits its chemical-free technology as its efforts are being recognized by several leading government agencies developing and implementing Green technologies to protect and preserve our earth's resources. What company wouldn't want to employ the Genesis RTG technology to prevent earthquakes and contaminated water sources?Ībout Genesis Research and Technology Group: Genesis Research and Technology Group is a U.S.-based company that has developed a patented, state-of-the-art technology that provides clean reusable water for the world's population. That's a win-win for everyone in this scenario. The community wins because there is less chance of an earthquake and/or contamination of their water source. The environmentalists win because that precious water resource is reused. The oil and gas industry wins because they can reuse the frack water multiple times instead of having to pay to inject it into a disposal well. Genesis RTG has the technology to clean the frack and produce water back to a reusable state as a brackish/salt water. Genesis Research and Technology Group has the solution for both sides of the fracking conundrum.

$hurricane harvey fracked oil$

That stops the seeping of chemicals into the water table thereby polluting local fresh water resources. Genesis Research and Technology Group has a mobile machine that can clean the water. That soiled water contains a plethora of nasty chemicals and contaminates, including oil residue which 'lubricates' the earth's plates and can cause movement, resulting in earthquakes. Those leftover 10 barrels of now contaminated water are trucked to disposal wells where they are pumped back into the earth. With the fracking process, you end up with ten barrels of contaminated water for each barrel of oil. Genesis Research and Technology Group has developed and patented a process with a green footprint for clean, chemical-free water.Īside from the cost, the environmental impact of producing just one barrel of oil is enormous. The process of extracting oil can lead to its own natural disaster. It will take a while to get oil production back to pre-storm levels.

$hurricane harvey fracked oil$

Oil production on the Texas coast is big business and many of the oil rigs and refineries had to shut down during Hurricane Harvey. 21, 2017 /PRNewswire/ - The recent hurricane in Texas displaced so many people and caused millions of dollars in property damage. But the impact reaches farther than just the immediate storm area.

$hurricane harvey fracked oil$

Hurricane harvey fracked oil