Texas Freeze Could Bolster a Growing Recovery with New Demand

A historic arctic freeze that quickly spread over the state of Texas has caused short-term ceases in production for several refineries.  Demand for energy resources has quickly grown as fuel production from one of the largest energy hubs in the world has been swiftly compromised. Disruptions to refinery complexes could be intensified if the freezing weather causes noticeable equipment damage or if the power outages spreading across Texas continue to persist. As temperatures dropped early in the week to historic lows, several refineries were forced to shut in their production.  Texas is home to some of the largest refineries in the nation, with approximately 4.6 million barrels of oil produc

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