Newsmax – Harvey’s Short-Term Impact May Be Higher Oil Prices

    By
    GPF Team
    -
    18

    If there is damage to the Colonial Pipeline—which transports more than 40 percent of the Texas Gulf Coast’s refined product, according to the EIA—US consumers would not only have to pay more at the pump, but US policymakers would have to deal with Russia, which would greatly benefit from even a momentary spike in prices.

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