A recent article at Rigzone, “How Dangerous Is Extreme Weather for Oil and Gas Companies In 2024?” repeats the claim that extreme weather events like hurricanes are becoming worse, and therefore pose a major risk to oil and gas operations especially in the Gulf of Mexico. Offshore oil operations are threatened by hurricanes, but this is not new, it poses a threat every hurricane season. As a result, operators should work on improving weather prediction technologies and response plans, to reduce the risk. This is true regardless of climate change, because hurricanes have not, in fact, become more frequent or severe.
The Rigzone article consist primarily of interviews with a few oilfield “experts,” particularly an economist named Frederick J. Lawrence, who first makes the obvious statement that extreme weather can be a risk factor for oil and gas, and that “preparation and faster response will always be needed in addition to improved standards and resilience.”
-
The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
Lawrence is the one who makes the claim later in the article that “increased preparations for extreme weather events will remain a top priority given what appears to be an increased frequency and intensity of events according to groups that track weather-related incidents[.]”
Others interviewed, like Alex Stevens from the Institute for Energy Research, sensibly said that “hurricanes have always posed risks to oil and gas companies due to their potential impact on supply chain logistics, infrastructure, and extraction demands.” […]
– Read More: wattsupwiththat.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
