How Hurricane Dorian is Affecting the Oil and Gas Industry
Hurricane Dorian is pummeling the east coast of the United States after wreaking havoc on the Bahamas. On the September 4th episode of Business Casual, Daniel Litwin and Tyler Kern talked to Tim Snyder, the President of Matador Economics and a noted oil and gas industry expert.
They discussed the impact of the storm on gas prices along the east coast and the stability of the infrastructure to withstand hurricanes and violent storms. Snyder also elaborated on the way that the oil and gas market responds to storms like Hurricane Dorian.
“Markets don’t like things that are not predictable,” said Snyder. “So, when we get into a situation where we have storms like this coming up right now…we add a layer of risk on the prices.”
For more, listen to the full interview from Business Casual.
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