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| Topic: |
Technology
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| Number of pages / Number of words: |
5 / 1378 |
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Offshore oil platforms were broken from their moorings and driven to shore, and onshore refineries suffered tremendous damage from flooding and high winds. Another weather occurrence that can have a dramatic influence on pricing is the onset of winter. Rather than winter weather causing supply shortages, the demand increases from consumers requiring fuels for heating...
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However, weather is not the only factor that influences pricing. With most of the known reserves currently producing and slowly depleting, the search for newer sources takes the producers into areas originally thought too harsh or uneconomic to tap.
When the oil and gas industry was in its infancy, crude oil could be found in pools on the ground surface...
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