FOX4 Dallas-Fort Worth: Tom Seng Speaks on Impact of Hurricane Beryl on Oil and Gas
In a recent television news interview on the energy impacts of Hurricane Beryl, Tom Seng, assistant professor of professional practice in finance provided his expertise in a Fox 4 Dallas-Fort Worth interview.
“We dodged a bullet here,” Seng said, because the hurricane traveled through an area with fewer oil refinery platforms. “I know the folks without power don’t exactly feel lucky, but we kind of got lucky from the standpoint of oil infrastructure.”
Hurricane Beryl was recorded to be one of the strongest June and July Hurricanes on record. There could have been more substantial damage had Beryl shifted its course and hit the middle of the Gulf of Mexico.
Seng said that people should not expect to see a rise in gas prices due to Hurricane Beryl. “If that was going to happen, we would have seen it already. If refineries cut back at all that reduces demand for oil and folks aren’t exactly driving during these hurricanes,” he said.
Assistant Professor of Professional Practice