Lipow Oil Associates on Hurricane Ida Impact

The video discusses the impact of Hurricane Ida on refineries in the Baton Rouge and New Orleans areas, leading to significant shutdowns due to electric grid issues and wind damage. It highlights structural issues in the oil market, exacerbated by the pandemic, which has reduced demand and affected refining margins. The fungibility of oil and gas is explored, noting regional differences in gasoline quality. The video concludes with a long-term outlook on oil prices, considering factors like the Delta variant, China's economy, and OPEC's production adjustments.

What percentage of the nation's refinery capacity has been shut down due to Hurricane Ida?

What were the main reasons for the shutdowns of the refineries in the Baton Rouge and New Orleans area?

How long were the refineries in Lake Charles down after Hurricane Laura in 2020?

What impact has the pandemic had on the demand for oil in the United States?

What is the estimated price range for Brent crude oil at the end of the year?