Brooklyn Boro

Report: Intense hurricane season could send ‘shockwaves’ through U.S. oil industry

May 28, 2024 Brooklyn Eagle Staff
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NATIONWIDE — A ‘HYPERACTIVE’ HURRICANE SEASON has the potential to send shockwaves throughout the U.S. oil and natural gas industry, 1012 Industry Report said on May 27. An intense hurricane season would pose “a significant threat” to production, as refineries along the Gulf Coast account for nearly half of U.S. refining capacity, the industry publication reported. The National Oceanic and Atmospheric Administration on Thursday issued its most intense Atlantic hurricane season forecast on record.

According to the U.S. Energy Information Administration, hurricanes don’t often hinder refining operations in the mid-Atlantic region directly supplying NYC, although several operations in New Jersey, including Bayway Refinery, were hard hit by Hurricane Sandy in 2012. “Similar incidents at Bayway or storms that limit imports into New York Harbor also present a potential risk to U.S. petroleum supplies,” EIA said in an in-depth analysis on May 22.

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