TCU Neeley finance professor and energy expert, Tom Seng provided insights on Hurricane Beryl’s path in the Texas Gulf Coast, and explained how the damage could have been worse for the oil and gas companies in the area.
July 12, 2024
By Victoria Ruiz Sandoval
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.
