Gas Price Watch

Ken AshfordDisastersLeave a Comment

Think gas prices are bad now?  Well, look what’s bearing down on the Middle East:


That’s a category five, and its heading for Oman and Iran — two oil-producing countries.  These places haven’t been hit with a storm like this in 60 years, so they’re not even close to being prepared.

From an oil blog:

Considering the region has never experienced a hurricane, let alone a strong one it is highly unlikely the loading facilities or platforms were constructed to withstand the forces – both wave action and wind force – that they will experience. Significant, damage will occur. How much long term damage, and the volumes associated with it – can not be determined at this time.