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Opinion
Julian Lee

US Hurricane Season Will Be Felt Around the World This Year

On top of their huge human cost, storms can knock out oil production and refining, causing long-lasting disruptions.

Storm lashed.

Storm lashed.

Photographer: Luke Sharrett/Bloomberg

Tropical storms have a nasty habit of tearing through the Gulf of Mexico and surrounding states during the warmest months of the year. On top of their huge potential human cost, they can knock out oil production and refining, pipelines and ports, causing disruptions that can last for weeks.

Normally, the impact on the oil and gas supply chains — and on prices — is fairly localized. Not this year.