Last week Hurricane Sandy slammed into the East Coast on Oct. 29, disrupting oil supplies, energy demand, and early voting in the last full week before the US presidential election.
East Coast refineries were shut down or curtailing production ahead of the hurricane. Analysts in the Houston office of Raymond James & Associates Inc. reported 7% of US refining capacity is in the storm’s path.
On television, news show “talking heads” debated whether challenger Mitt Romney or President Barack Obama was most likely to benefit from or be damaged by the storm in their down-to-the-wire race.
The US is not the only country with weather woes, of course. Recent flooding in Nigeria has displaced more than a million people and shut down oil production.