Houston: Tropical Storm Harvey

[Gestalt]

holy crap. Anyone seeing the pictures ocming out of houston?


Prayer and wishe to those suffering down there.

http://www.fox32chicago.com/news/nat...76637102-story

[J-hop]

Yea it's insane, and the worst flooding hasn't even hit yet apparently. They have to release a couple dams here pretty soon too. I read that flooding won't peak until wed/thurs

[Kloubek]

As crappy as it is, I have yet to hear of any casualties.

Sucks, but stuff can be replaced.

[buh_buh]

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As crappy as it is, I have yet to hear of any casualties.

Sucks, but stuff can be replaced.

Read on BBC yesterday there have been at least 5 casualties

[J-hop]

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As crappy as it is, I have yet to hear of any casualties.

Sucks, but stuff can be replaced.

5 confirmed dead, not sure if that is only houston

[Xtrema]

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As crappy as it is, I have yet to hear of any casualties.

Sucks, but stuff can be replaced.

8 so far.

I expect worse when water recedes and people get back to flooded areas.

Crazy stats visualized:

[J-hop]

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8 so far.

I expect worse when water recedes and people get back to flooded areas.

Yea you're right, I missed the update

[ZenOps]

Hurricane storm came out of nowhere. God smite power is strong.

[zhao]

8 is nothing. More people die than that in a heatwave. I remember reading the last time they had a big storm they had about 100 people die in car accidents from the evacuation order.

[jwslam]

Damn. She's a little wet down there eh?
Usually it's when she's dry that things are a bit rough.

[ZenOps]

https://www.nytimes.com/interactive/...=promo&mcubz=0

Very neat how they can now show the actual waves of precipitation.

[ZenOps]

https://qz.com/1064109/is-the-nation...-out-of-money/

Fema National flood insurance has about $5.8 Billion. There will probably be about half a million insurable claims, so I can imagine that flood victims who lose their houses will get about $10,000 each if they drain the fund entirely.

Arguably, perhaps it wasn't such a good idea to buy three world class bombers for said six billion, and maybe put a little more money into emergency funds.

[ExtraSlow]

Anyone have thoughts on longer term damage to petroleum production or refining infrastructure? I know a lot of wells and refineries are shut down, but is that just precautionary or is there real damage?

[adam c]

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Anyone have thoughts on longer term damage to petroleum production or refining infrastructure? I know a lot of wells and refineries are shut down, but is that just precautionary or is there real damage?

They're expecting massive gas price jumps at the pump due to this, get your gas cans

[bh87]

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Anyone have thoughts on longer term damage to petroleum production or refining infrastructure? I know a lot of wells and refineries are shut down, but is that just precautionary or is there real damage?

Here is an excerpt from a report published yesterday by RBC Capital Market's Commodity Strategy Team:

"Oil - Refining in Focus
Since making landfall near Corpus Christi, TX as a Category four hurricane over the weekend, the
storm has inflicted wide-ranging devastation throughout the Texas coast. Harvey is the first
hurricane to materially impact the heart of US energy production, refining and infrastructure in
almost a decade. The impact of a storm of such magnitude and trajectory is fluid and has wide
ranging implications for the oil market. While several regional refineries have reported no
substantial damage from the storm, assessments of oil refineries and infrastructure are ongoing
and the impact of the storm could be felt long after its passing in the event of extensive damage.
At initial glance, the development is bearish for crude oil from a demand perspective given that
some 2 mb/d of refining capacity remains shut. This has, tangentially, also spurred a knee jerk
price spike higher for refined products. Prompt month gasoline cracks have surged 25% since last
Wednesday’s close en route to multi-year highs. The Texan Gulf Coast comprises nearly 27% of
total US refining capacity. Further details surrounding the status of localized refineries will
dictate the extent and tenor to which refined product prices remain elevated.

US Production Impact
While pockets of the Eagle Ford and US offshore production has been curtailed or suspended for
preventative measures, hurricanes are not as bullish from a supply disruption standpoint as in
years past. A decade ago, prior to the US shale revolution, the Gulf of Mexico made up a larger
percentage of total US oil production (closer to 30% vs current levels near 15%). Simply put,
there are fewer barrels at risk from an aggregate percentage of US production. In fact, many US
offshore Gulf of Mexico barrels have been exported to Asia this year. While it is premature to
rule out damage to elements impacting production, a growing source of US crude imports have
come from Canada rather than waterborne routes." -RBC Commodity Strategy Team (Helima Croft, Christopher Louney, Michael Tran)


If anyone is interested in the full article PM me your email address.

[J-hop]

My buddy said they're telling people to bring axes into the attic if they decide to hide up there so they can break out if needed. Apparently a few people have been trapped when the water level rose too high to get back out.

[jwslam]

http://blackflag.jalopnik.com/quick-...ium=socialflow

[HiTempguy1]

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My buddy said they're telling people to bring axes into the attic if they decide to hide up there so they can break out if needed. Apparently a few people have been trapped when the water level rose too high to get back out.

Jesus christ.

[Sdeibert]

https://www.theweathernetwork.com/ne...-canada/85555/

On June 18-19, 2013, over 200 mm of rain fell over southern Alberta in less than two days, and the town of Canmore, in the mountains to the northwest of Calgary, saw 230 mm of rain in 36 hours. That much water added to southern Alberta's waterways, at such a pace, resulted in catastrophic flooding for many communities, including Calgary.

Over roughly three days, around 1000 mm of rain have fallen over Houston, TX. That's over triple the two-day amount of rainfall that sparked the Calgary floods, plus with an extra day at that same rainfall rate tacked on for good measure. The June 2013 floods were bad enough. With four to five times that amount of water coursing through southern Alberta's streams and rivers, it's hard to imagine just how bad it could have been.

[RealJimmyJames]

2013 yyc flooding was more because of rain on snow in the mountains not just from rain alone. 200mm here wouldn't normally cause significant flooding.

As for infrastructure damage,let's just say I'm loading up on American epcm stocks. Should be years of federal and state funded work plus private work.