Accuweather projects Harvey could be “the most costly natural disaster in United States history,” and estimates that its economic impact on GDP is $190 billion, which exceeds that of Katrina and Sandy combined…
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“Harvey is straining the global superhighway of the energy trade,” per WSJ: “More than a dozen refineries are affected — including the country’s two biggest, Saudi Arabian Oil Co.’s Motiva facility in Port Arthur and Exxon Mobil Corp.’s Baytown facility — cumulatively representing more than 30% of U.S. refining capacity.”
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