Fri, August 25, 2017 8:24 am
Hurricane Harvey: Hurricane Harvey currently has maximum sustained winds of 85 mph and according to WeatherBELL, will be a Category 3 or 4 hurricane when it makes landfall tomorrow night near Corpus Christi, TX. If forecasters are correct, Harvey will be the strongest storm to hit the US since Wilma in 2005, with over two feet of rain expected in some areas (WeatherBELL is forecasting a much stronger storm than NOAA’s National Hurricane Center). There is very little coal exported out of Houston (last vessel to be shipped was thermal destined for Korea in January), but we will be keeping an eye on how much the Port of New Orleans and the Port of Mobile will be impacted by heavy rainfall and strong winds. So far, the storm has steered clear of natural gas production located in the Gulf, but onshore oil refineries are expected to be hit hard and electricity demand could be impacted from power outages.