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U.S. gasoline futures surge after Harvey [View all]
Reuters article tonite-
“This is not like anything we have ever seen before,” said Bruce Jefferis, chief executive of Aon Energy, a risk consulting practice, adding it was still too early to gauge the full extent of damage to the region’s energy infrastructure.
U.S. economic growth was more than halved in the quarter after Hurricane Katrina mauled Louisiana in August, 2005, but quickly bounced back by early 2006 as reconstruction began and gasoline prices moderated.
https://www.reuters.com/article/us-global-markets-idUSKCN1B70YH
Economically this seems worse than Katrina because of the oil impact and this is our 4th largest city. Possible Trump Slump coming?
4 replies
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= new reply since forum marked as read