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Prolonged Shut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20170825:19:10:00

a lot of spec larts have moved in trying to take advantage of this event. so now we have to watch for this weekend. because this is a significant event, obviously. now, we re talking about one-third of every barrel of crude oil that is refined in the united states is now in the direct path of harvey. when we factor in the refinery assets along the louisiana coast and the potential tropical storm and flooding issues that persist there, then we re talking about 4 out of every 7 barrels of refining capacity and this is refining capacity east of the rockies. so farce the new york america tile exchange is concerned, this is what we are concerned with. so now we know this event has been priced in. lounge, how much higher prices can go is now really going to depend on we ve had an orderly shutdown of the capacity, of the industry. so that s all well and good. now we have to watch the wind events, the flooding events. if we have in sert of prolonged shut in of these refineries, then clearly th

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