houston (afn) - Hurricane Harvey's devastating winds seem to be alive, but the worst damage to the affected region may still come. The heart of American energy production and Houston, the fourth largest city, will have an unprecedented amount of rain over itself, resulting in floods.
'If this were a normal hurricane then it would be two billion, maybe three billion dollars of damage. But that is not the case with this storm, 'said Chuck Watson of Enki Disaster Investigation Agency. Friday, CoreLogic, another research agency, estimated that total damage could reach around 40 billion dollars.
The area affected by flooding houses refineries that together account for five million barrels of oil per day. At present, about one million barrels of oil and oil condensate processing have already been shut down.
Harvey has already suffered from major problems. With the many oil platforms offshore, production has already been pushed 24 percent. Also the Corpus Christi port, which shipped the bulk of American crude oil, has been severely affected. The repercussions are already noticeable in US property prices, which increased significantly in the run-up to the hurricane on Friday.
In addition to the problems for energy production, agriculture and livestock also have to fear the water. In addition, airlines have deleted flights in Texas on Saturday 1140. For sunday there are at least 1224.