Wednesday, 31 October 2012 18:44

Sandy Temporarily Dents Oil Demand

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"“There will be some impact on refineries, but the big impact is on demand. You have a major metro area shut down between Washington and Boston,” said Andrew Lipow, president of Lipow Oil Associates. (Read More: Superstorm—'Days Ahead Are Going to Be Very Difficult')

“We’re going to lose far more demand than refining supply. We’ll have a better idea on Wednesday, but right now the Philadelphia area refineries are certainly attempting to run through the storm,” he said."

An election blow-out is on its way. Obama will reap the benefits of both lower gas prices and looking like a competent leader in dealing with Sandy, right into election day. - Wes

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