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Texas oil industry dodges Hurricane Laura, but leaders still prepare for next storm
“The fortunate thing about a hurricane coming in an area that is hurricane-prone, is that there is a better set of preventive measures in place,” Devin Hartman from R Street Institute said.
Hartman says they are still assessing the damage, but he says oil companies were prepared and evacuated their facilities in advance.
“So they were able to take these units offline, otherwise you are looking at tens of millions of dollars in damages per facility if you can’t make those sufficient preparations,” he explained.
Hartman says the next question is how long until they can get back up and running before the next storm.