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Tropical Storm Harvey is still flooding the south coast and shows no signs of retreating. But even if your home isn’t anywhere close to the flood waters, the storm will reach you by affecting a huge portion of the U.S. gasoline supply.
“So you know, this is going to affect the entire country,” Glenn Beck said of the storm on Wednesday’s “The Glenn Beck Radio Program.”
When the largest oil refinery in the country is shut down, it touches the whole economy. Port Arthur refinery, the biggest oil plant in the U.S., shuttered early Wednesday and won’t re-open until the flood waters recede. According to a Facebook post from Port Arthur Mayor Derrick Freeman, the “whole city is underwater right now.”
Gas prices are rising and in turn affecting the cost of production and shipping on all goods. The U.S depends on gas for the economy to work, which means that a spike in oil prices spells trouble.
“The lower the cost of oil, the better our system runs,” Glenn said.
Glenn also explained how a glut of oil building up in reserves while the refineries are down will affect people worldwide. When the reserve of oil hits the market, prices could drop dramatically and impact the Middle East and Russia.
“You will see the ramifications of what is happening in Texas will not only affect you, but affect freedom … all around the world,” Glenn said. “We’re interconnected now.”
To see more from Glenn, visit his channel on TheBlaze and listen live to “The Glenn Beck Radio Program” with Glenn Beck, Pat Gray, Stu Burguiere and Jeffy Fisher weekdays 9 a.m.–noon ET on TheBlaze Radio Network.
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