Hurricane Sandy Reverberates throughout Oil Supply Chain

Hurricane Sandy captured headlines during the past week, and her effects will be felt throughout the Northeastern United States to varying degrees for the foreseeable future. Various media outlets note that drivers in New York, New Jersey, and Connecticut have been forced to wait in lines of 100 cars or more to refill their automobiles as they attempt to return to their daily routines. The supply chain has been jolted elsewhere as well: prolonged delays and outages at pipelines, refineries, and terminals have lifted tanker rates both into the region and into areas that compete for tonnage with the region. Download here