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Damage to TX Oil Refineries Has Cost 1 Million Barrels Per Day — Here’s What That Means to You

As Tropical Storm Harvey continues to pummel the Texas Gulf Coast, 22 percent of the state’s oil refineries are completely shut down. Once progressives heard the news, it didn’t take long before they started mocking the devastating effects the storm had on the state and oil industry.

The Young Turks, hardly worth a mention, quickly attributed the storm to — you guessed it — climate change. They then went on to bash Houston oil companies, including ExxonMobil, suffering from the storm.

Cenk Uygur went as far as to start a petition calling for all federal funds to be withheld from major oil companies once the damage is assessed. “No federal or local assistance should be given to oil companies to recover from Hurricane Harvey,” because “they created this mess,” said Uygur.

Experts are urging consumers to brace for a sharp increase in the price of crude oil due to flooding and damage that forced several refineries to shut down.

Royal Dutch Shell shut down its Deer Park Refinery which produces up to 340,000 barrels per day. ExxonMobil, located in Baytown, Texas, also shut down its plant which produces up to 560,000 b/d. Petrobras, located in Pasadena, Texas, shut down its refinery which produces up to 110,000 b/d.

According to CNBC, other refineries aren’t too far behind.

“Traders and oil industry news services also say that the Phillips 66 Sweeny Texas Refinery (260,000 b/d) is shutting down, and that output at Marathon’s Galveston Bay refinery (460,000 b/d) and the Access Industries plant in Houston (260,000 b/d) are slowed because of the closed ship channel. The Magellan pipeline company has announced it’s shutting down its crude oil and refined product pipeline in Houston, which means remaining refineries there might be shutting down as well. Refineries in Corpus Christi owned by Flint Hills, Valero, and Citgo, totaling more than 700,000 barrels per day, had also been slated for controlled shutdowns according to an Oil Express news alert.”

CNBC also reported that even if the damage is controlled, it would be nearly impossible for thousands of workers to return to work safely.

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WATCH: This is the Maybach Ultimate Luxury SUV (2020)

Mercedes-Benz is presenting the Vision Mercedes-Maybach Ultimate Luxury. The design of the crossover, based on an exclusive high-end saloon and an SUV, follows the philosophy of Sensual Purity.

The show car combines the comfort and typical strengths of both body styles. These include the raised seating position and the athletic looks. The Vision Mercedes-Maybach Ultimate Luxury is conceived as an electric car. Thanks to its four compact permanent-magnet synchronous motors, it offers fully variable all-wheel drive. The output from the powertrain is 550 kW (750 horsepower). The flat underfloor battery has a usable capacity of around 80 kWh, producing an NEDC range of over 500 kilometres (according to EPA: over 200 miles). The top speed is electronically limited to 250 km/h (155mph).

The fast-charging function is also convenient: thanks to DC charging based on the CCS standard, the system allows a charging capacity of up to 350 kW. In just five minutes, enough power can be charged to achieve an additional range of around 100 kilometres (62 miles).