
<!DOCTYPE HTML>
<html prefix="og: https://ogp.me/ns#" itemscope itemtype="https://schema.org/WebPage">
    <head>
        
        <title itemprop="name">Tropical storm Harvey springs back to life, now threatens one-third of U.S. refining capacityr</title>
        
        <meta http-equiv="X-UA-Compatible" content="IE=edge" />
        
  <meta charset="utf-8"><meta property="AssetType" content="blogpost" /><meta property="pageNodeId" content="104669188" /><!-- premium asset !--><meta itemprop="description" name="description" content="Watching what could be the first hurricane to make landfall in Texas since 2008 and dump up to two feet of rain on the heart of the U.S. refining industry." />
    
<meta itemprop="keywords" name="keywords" content="Market Insider, quotes, Exxon Mobil Corp, Anadarko Petroleum Corp, Market Insider, Investment Strategy, US: News, Market Outlook, U.S. Markets, business news">
<meta property="og:type"  content="article" /><meta property="og:url" content="https://www.cnbc.com/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html" /><meta property="og:site_name" content="CNBC" /><meta property="og:image" itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.1910x1000.jpg" /><meta property="og:title" content="Hurricane Harvey could be major storm, threatening one-third of US refining capacity" /><meta property="og:description" content="Tropical storm could hit Texas as a hurricane and dump up to two feet of rain on the heart of the U.S. refining industry." /><meta name="twitter:card" content="summary_large_image" /><meta name="twitter:site" content="@CNBC" /><meta name="twitter:url" content="https://www.cnbc.com/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html" /> <meta name="twitter:creator" content="@pattidomm" /> <meta name="twitter:title" content="Hurricane Harvey could be major storm, threatening one-third of US refining capacity" /><meta name="twitter:description" content="Tropical storm could hit Texas as a hurricane and dump up to two feet of rain on the heart of the U.S. refining industry." /> <meta name="twitter:image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.1910x1000.jpg" /><link rel="amphtml" href="//www.cnbc.com/amp/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html"><meta property="article:publisher" content="https://www.facebook.com/cnbc" /><meta property="article:published_time" content="2017-08-24T13:46:52-0400" /><meta property="article:modified_time" content="2017-08-24T13:51:29-0400" /><meta property="article:author" content="https://www.facebook.com/CNBC" /><meta name="author" content="Patti Domm" /><link href="https://plus.google.com/+CNBC" rel="author" /><meta property="article:section" content="Market Insider" /><meta property="article:tag" content="quotes" /><meta property="article:tag" content="Exxon Mobil Corp" /><meta property="article:tag" content="Anadarko Petroleum Corp" /><meta property="article:tag" content="Market Insider" /><meta property="article:tag" content="Investment Strategy" /><meta property="article:tag" content="US: News" /><meta property="article:tag" content="Market Outlook" /><meta property="article:tag" content="U.S. Markets" /><meta name="news_keywords" content="Harvey, hurricane, refining, gasoline, flooding, texas, gulf coast, oil" /><meta http-equiv="pics-label" content="(pics-1.1 &quot;http://www.icra.org/ratingsv02.html&quot; l gen true for &quot;http://www.msnbc.msn.com&quot; r (nz 1vz 1lz 1oz 1cz 1) &quot;http://www.rsac.org/ratingsv01.html&quot; l gen true for &quot;http://www.msnbc.msn.com&quot; r (l 0n 0s 0v 0))" /><meta name="GOOGLEBOT" content="unavailable_after: 31 Dec 9999 23:59:59 GMT" /><!-- structured data !--><meta itemprop="dateCreated" content="2017-08-23T17:05:16-0400" /><meta itemprop="dateModified" content="2017-08-24T13:51:29-0400" /><meta itemprop="lastReviewed" content="2017-08-24T13:51:29-0400" /><meta itemprop="sourceOrganization" content="CNBC" /><meta itemprop="inLanguage" content="en-US" /><meta itemprop="specialty" content="Harvey, hurricane, refining, gasoline, flooding, texas, gulf coast, oil" /><meta itemprop="primaryImageOfPage" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.1910x1000.jpg" /><meta itemprop="isFamilyFriendly" content="true" /><meta itemprop="contentRating" content="NR" /><meta name="tp:PreferredRuntimes" content="universal" /><meta name="tp:PreferredFormats" content="M3U,MPEG4" /><meta name="tp:initialize" content="false" /><meta name="apple-itunes-app" content="app-id=398018310" app-argument="//www.cnbc.com/id/104669188"><meta property="al:ios:app_name" content="CNBC Business News and Finance"><meta property="al:ios:app_store_id" content="398018310"><script type="application/ld+json">{"@context": "https://schema.org","@type": "NewsArticle","description": "Watching what could be the first hurricane to make landfall in Texas since 2008 and dump up to two feet of rain on the heart of the U.S. refining industry.","mainEntityOfPage": "https://www.cnbc.com/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html","headline": "Hurricane Harvey could be major storm, threatening one-third of US refining capacity","dateCreated": "2017-08-23T17:05:16-0400","datePublished": "2017-08-23T17:05:16-0400","dateModified": "2017-08-24T13:51:29-0400","author": {"@type": "Person","name": "Patti Domm"},"creator": ["Patti Domm"],"publisher": {"@type": "Organization","name": "CNBC","logo": {"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-logo-amp.png","width": 360,"height": 60}},"image":{"@type": "ImageObject","url": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.720x405.jpg","width": 720,"height": 405},"thumbnailUrl": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.720x405.jpg","articleSection": "Markets","url": "https://www.cnbc.com/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html","keywords": ["Articles","Markets","U.S. Markets","Market Insider","quotes","Exxon Mobil Corp","Anadarko Petroleum Corp","Investment Strategy","US: News","Market Outlook","source:tagname:CNBC US Source"]}</script><meta name='parsely-metadata' content='{"nodeid": "104669188","originalImage": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670507-GettyImages-153445399.jpg"}'>
					
			<meta itemprop="speakable" itemscope itemtype="http://schema.org/SpeakableSpecification" itemref="speakablemeta1 speakablemeta2 speakablemeta3">
		<meta id="speakablemeta1" itemprop="xpath" content="/html/head/title">
		<meta id="speakablemeta2" itemprop="xpath" content="/html/head/meta[@name='description']/@content">
	

         <!-- Including styles as the first thing on the page-->
        
              <link href="//www.cnbc.com/staticcontent/global.2.css?vn=520" rel="stylesheet">


	<script id="javascript-lazy-loader" data-loader-url="https://js.cnbcfm.com/minify/js" type="text/javascript" src="https://js.cnbcfm.com/minify/js?modules=partner_experience&vn=520"></script>




<!--[if lt IE 9]>
	<script type="text/javascript" src="//www.cnbc.com/staticcontent/html5support.js?vn=520"></script>
<![endif]-->
        
        
       <!-- Styles from Skin -->
                    							    		    			    				    				
					    						    						    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		       		    		    			    				    				
					    						    						    							    								    							    							    							    							      				      			       		       		    									<link href="//www.cnbc.com/skinjoin?skins=2017%2F03%2F23%2Fcnbc-global.28_20_42_6.css?vn=1518129302|2016%2F04%2F05%2Fright-rail-source-hide_0.css?vn=1460493679|2016%2F05%2F11%2Fhide-feedback.css?vn=1463760405|2016%2F08%2F22%2Fcnbc_nav_skin_8.css?vn=1495142212|2016%2F12%2F30%2Fportfolios-nav-hide.css?vn=1483140728|2017%2F01%2F05%2Ftp_cursor_fix.css?vn=1483638002|2017%2F03%2F07%2Flisticle_fix.css?vn=1489599224|2017%2F07%2F13%2Fcreator-override-fix.css?vn=1499985483|2012%2F07%2F26%2Fmarket-insider.2.css?vn=1465919013&preview=" rel="stylesheet">
			
                <!-- End of Styles from skin -->
                
        <script type="text/javascript">
            var postLoadFunctions = {};
            var foresee_enabled = 1
            var dynamic_yield_enabled = 1
                    </script>
        
        
                <link itemprop="url" rel="canonical" href="https://www.cnbc.com/2017/08/23/tropical-storm-harvey-springs-back-life-now-threatens-one-third-of-u-s-refining-capacity.html" />
        
        
                <!-- comScore Identifier: comscorekw=Markets -->
<script type="text/javascript">
	CNBC_Comscore = 'Markets';
</script>
        <!-- MPS insert_head -->
         	
	<script>
		var mpscall = {
						'site' : 'cnbc.com-relaunch'  ,  

					'content_id' : '104669188'  ,  

					'path' : '/id/104669188'  ,  

					'is_content' : '1'  ,  

					'is_sponsored' : '0'  ,  

					'adunits' : 'Top Banner|Badge A|Badge B|Badge C|Badge D|Flex Ad First|Box Ad 1|Non Iframe Custom|Inline Custom|Movable Box Ad|Responsive Rectangle'  ,  

					'keywords' : '~'  ,  

					'cat' : 'Markets|U.S. Markets|Market Insider'  ,  

					'cag[attribution_source]' : 'CNBC US Source'  ,  

					'cag[configuration_franchise]' : 'Market Insider'  ,  

					'cag[attribution_author]' : 'Patti Domm'  ,  

					'cag[related_primary]' : 'quotes|Exxon Mobil Corp|Anadarko Petroleum Corp|Market Insider|Investment Strategy|US: News|Market Outlook|U.S. Markets'  ,  

					'cag[related_related]' : 'United States'  ,  

					'cag[type_source]' : 'CNBC US Source'  ,  

					'cag[type_franchise]' : 'Market Insider|quotes|Market Insider|Investment Strategy|US: News|Market Outlook|U.S. Markets'  ,  

					'cag[type_creator]' : 'Patti Domm'  ,  

					'cag[type_company]' : 'Exxon Mobil Corp|Anadarko Petroleum Corp'  ,  

					'cag[type_place]' : 'United States'  ,  

					'cag[brand]' : 'none'  ,  

					'cag[template]' : 'story_simple'  ,  

					'cag[device]' : 'web'  ,  

					'hline' : 'Market Insider'  ,  

					'type' : 'blogpost'  ,  

					'template' : 'story_simple'  ,  

					'title' : 'Hurricane Harvey could be major storm, threatening one-third of US refining capacity'  ,  

					'pubdate' : '1503522316'  ,  

					'stitle' : 'harveyenergy domm 170823'  ,  

					'byline' : 'Patti Domm'  ,  

					'subtype' : 'section'  ,  

					'id' : '104669188'  ,  

					'nid' : '104669188'  

		
		}, mpsopts = {
		  
		"host" : 'mps.cnbc.com',
		"updatecorrelator" : true

		};

		var mps = mps || {};
		mps._ext = mps._ext || {};
		mps._adsheld = [];
		mps._queue = mps._queue || {};
		mps._queue.mpsloaded = mps._queue.mpsloaded || [];
		mps._queue.mpsinit = mps._queue.mpsinit || [];
		mps._queue.gptloaded = mps._queue.gptloaded || [];
		mps._queue.adload = mps._queue.adload || [];
		mps._queue.adclone = mps._queue.adclone || [];
		mps._queue.adview = mps._queue.adview || [];
		mps._queue.refreshads = mps._queue.refreshads || [];
		mps.__timer = Date.now ? Date.now() : (function() { return +new Date })();
		mps.__intcode = "v2";
		if (typeof mps.getAd != "function") mps.getAd = function(adunit) {
		    if (typeof adunit != "string") return false;
		    var slotid = "mps-getad-" + adunit.replace(/\W/g, "");
		    if (!mps._ext || !mps._ext.loaded) {
		        mps._queue.gptloaded.push(function() {
		            typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid);
		            mps.insertAd("#" + slotid, adunit)
		        });
		        mps._adsheld.push(adunit)
		    }
		    return '<div id="' + slotid + '" class="mps-wrapper" data-mps-fill-slot="' + adunit + '"></div>'
		};
		(function() {
		    head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script");
		    mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2";
		    mpsload.id = "mps-load";
		    head.insertBefore(mpsload, head.firstChild)
		})();

	</script>
		
	




        <!-- end of MPS insert_head -->

        <!-- Global insert_head -->
        <!-- MPS Global Head Insert BEGIN -->
<meta name="referrer" content="unsafe-url">
<link rel='apple-touch-icon' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-57.jpg' /> <link rel='apple-touch-icon' sizes='72x72' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-72.jpg' /> <link rel='apple-touch-icon' sizes='114x114' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-114.jpg' />
<!-- MPS Global Head Insert END -->
        <!-- MPS ASYNC Application Component - Desktop Insert HEAD BEGIN -->
<script type="text/javascript">
window.NREUM||(NREUM={}),__nr_require=function(t,e,n){function r(n){if(!e[n]){var o=e[n]={exports:{}};t[n][0].call(o.exports,function(e){var o=t[n][1][e];return r(o||e)},o,o.exports)}return e[n].exports}if("function"==typeof __nr_require)return __nr_require;for(var o=0;o<n.length;o++)r(n[o]);return r}({1:[function(t,e,n){function r(t){try{c.console&&console.log(t)}catch(e){}}var o,i=t("ee"),a=t(19),c={};try{o=localStorage.getItem("__nr_flags").split(","),console&&"function"==typeof console.log&&(c.console=!0,o.indexOf("dev")!==-1&&(c.dev=!0),o.indexOf("nr_dev")!==-1&&(c.nrDev=!0))}catch(s){}c.nrDev&&i.on("internal-error",function(t){r(t.stack)}),c.dev&&i.on("fn-err",function(t,e,n){r(n.stack)}),c.dev&&(r("NR AGENT IN DEVELOPMENT MODE"),r("flags: "+a(c,function(t,e){return t}).join(", ")))},{}],2:[function(t,e,n){function r(t,e,n,r,o){try{d?d-=1:i("err",[o||new UncaughtException(t,e,n)])}catch(c){try{i("ierr",[c,s.now(),!0])}catch(u){}}return"function"==typeof f&&f.apply(this,a(arguments))}function UncaughtException(t,e,n){this.message=t||"Uncaught error with no additional information",this.sourceURL=e,this.line=n}function o(t){i("err",[t,s.now()])}var i=t("handle"),a=t(20),c=t("ee"),s=t("loader"),f=window.onerror,u=!1,d=0;s.features.err=!0,t(1),window.onerror=r;try{throw new Error}catch(p){"stack"in p&&(t(12),t(11),"addEventListener"in window&&t(6),s.xhrWrappable&&t(13),u=!0)}c.on("fn-start",function(t,e,n){u&&(d+=1)}),c.on("fn-err",function(t,e,n){u&&(this.thrown=!0,o(n))}),c.on("fn-end",function(){u&&!this.thrown&&d>0&&(d-=1)}),c.on("internal-error",function(t){i("ierr",[t,s.now(),!0])})},{}],3:[function(t,e,n){t("loader").features.ins=!0},{}],4:[function(t,e,n){function r(){C++,M=y.hash,this[u]=b.now()}function o(){C--,y.hash!==M&&i(0,!0);var t=b.now();this[l]=~~this[l]+t-this[u],this[d]=t}function i(t,e){E.emit("newURL",[""+y,e])}function a(t,e){t.on(e,function(){this[e]=b.now()})}var c="-start",s="-end",f="-body",u="fn"+c,d="fn"+s,p="cb"+c,h="cb"+s,l="jsTime",m="fetch",v="addEventListener",w=window,y=w.location,b=t("loader");if(w[v]&&b.xhrWrappable){var g=t(9),x=t(10),E=t(8),O=t(6),R=t(12),P=t(7),T=t(13),S=t("ee"),N=S.get("tracer");t(14),b.features.spa=!0;var M,j=w[v],C=0;S.on(u,r),S.on(p,r),S.on(d,o),S.on(h,o),S.buffer([u,d,"xhr-done","xhr-resolved"]),O.buffer([u]),R.buffer(["setTimeout"+s,"clearTimeout"+c,u]),T.buffer([u,"new-xhr","send-xhr"+c]),P.buffer([m+c,m+"-done",m+f+c,m+f+s]),E.buffer(["newURL"]),g.buffer([u]),x.buffer(["propagate",p,h,"executor-err","resolve"+c]),N.buffer([u,"no-"+u]),a(T,"send-xhr"+c),a(S,"xhr-resolved"),a(S,"xhr-done"),a(P,m+c),a(P,m+"-done"),E.on("pushState-end",i),E.on("replaceState-end",i),j("hashchange",i,!0),j("load",i,!0),j("popstate",function(){i(0,C>1)},!0)}},{}],5:[function(t,e,n){function r(t){}if(window.performance&&window.performance.timing&&window.performance.getEntriesByType){var o=t("ee"),i=t("handle"),a=t(12),c=t(11),s="learResourceTimings",f="addEventListener",u="resourcetimingbufferfull",d="bstResource",p="resource",h="-start",l="-end",m="fn"+h,v="fn"+l,w="bstTimer",y="pushState",b=t("loader");b.features.stn=!0,t(8);var g=NREUM.o.EV;o.on(m,function(t,e){var n=t[0];n instanceof g&&(this.bstStart=b.now())}),o.on(v,function(t,e){var n=t[0];n instanceof g&&i("bst",[n,e,this.bstStart,b.now()])}),a.on(m,function(t,e,n){this.bstStart=b.now(),this.bstType=n}),a.on(v,function(t,e){i(w,[e,this.bstStart,b.now(),this.bstType])}),c.on(m,function(){this.bstStart=b.now()}),c.on(v,function(t,e){i(w,[e,this.bstStart,b.now(),"requestAnimationFrame"])}),o.on(y+h,function(t){this.time=b.now(),this.startPath=location.pathname+location.hash}),o.on(y+l,function(t){i("bstHist",[location.pathname+location.hash,this.startPath,this.time])}),f in window.performance&&(window.performance["c"+s]?window.performance[f](u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["c"+s]()},!1):window.performance[f]("webkit"+u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["webkitC"+s]()},!1)),document[f]("scroll",r,{passive:!0}),document[f]("keypress",r,!1),document[f]("click",r,!1)}},{}],6:[function(t,e,n){function r(t){for(var e=t;e&&!e.hasOwnProperty(u);)e=Object.getPrototypeOf(e);e&&o(e)}function o(t){c.inPlace(t,[u,d],"-",i)}function i(t,e){return t[1]}var a=t("ee").get("events"),c=t(22)(a,!0),s=t("gos"),f=XMLHttpRequest,u="addEventListener",d="removeEventListener";e.exports=a,"getPrototypeOf"in Object?(r(document),r(window),r(f.prototype)):f.prototype.hasOwnProperty(u)&&(o(window),o(f.prototype)),a.on(u+"-start",function(t,e){var n=t[1],r=s(n,"nr@wrapped",function(){function t(){if("function"==typeof n.handleEvent)return n.handleEvent.apply(n,arguments)}var e={object:t,"function":n}[typeof n];return e?c(e,"fn-",null,e.name||"anonymous"):n});this.wrapped=t[1]=r}),a.on(d+"-start",function(t){t[1]=this.wrapped||t[1]})},{}],7:[function(t,e,n){function r(t,e,n){var r=t[e];"function"==typeof r&&(t[e]=function(){var t=r.apply(this,arguments);return o.emit(n+"start",arguments,t),t.then(function(e){return o.emit(n+"end",[null,e],t),e},function(e){throw o.emit(n+"end",[e],t),e})})}var o=t("ee").get("fetch"),i=t(19);e.exports=o;var a=window,c="fetch-",s=c+"body-",f=["arrayBuffer","blob","json","text","formData"],u=a.Request,d=a.Response,p=a.fetch,h="prototype";u&&d&&p&&(i(f,function(t,e){r(u[h],e,s),r(d[h],e,s)}),r(a,"fetch",c),o.on(c+"end",function(t,e){var n=this;e?e.clone().arrayBuffer().then(function(t){n.rxSize=t.byteLength,o.emit(c+"done",[null,e],n)}):o.emit(c+"done",[t],n)}))},{}],8:[function(t,e,n){var r=t("ee").get("history"),o=t(22)(r);e.exports=r,o.inPlace(window.history,["pushState","replaceState"],"-")},{}],9:[function(t,e,n){var r=t("ee").get("mutation"),o=t(22)(r),i=NREUM.o.MO;e.exports=r,i&&(window.MutationObserver=function(t){return this instanceof i?new i(o(t,"fn-")):i.apply(this,arguments)},MutationObserver.prototype=i.prototype)},{}],10:[function(t,e,n){function r(t){var e=a.context(),n=c(t,"executor-",e),r=new f(n);return a.context(r).getCtx=function(){return e},a.emit("new-promise",[r,e],e),r}function o(t,e){return e}var i=t(22),a=t("ee").get("promise"),c=i(a),s=t(19),f=NREUM.o.PR;e.exports=a,f&&(window.Promise=r,["all","race"].forEach(function(t){var e=f[t];f[t]=function(n){function r(t){return function(){a.emit("propagate",[null,!o],i),o=o||!t}}var o=!1;s(n,function(e,n){Promise.resolve(n).then(r("all"===t),r(!1))});var i=e.apply(f,arguments),c=f.resolve(i);return c}}),["resolve","reject"].forEach(function(t){var e=f[t];f[t]=function(t){var n=e.apply(f,arguments);return t!==n&&a.emit("propagate",[t,!0],n),n}}),f.prototype["catch"]=function(t){return this.then(null,t)},f.prototype=Object.create(f.prototype,{constructor:{value:r}}),s(Object.getOwnPropertyNames(f),function(t,e){try{r[e]=f[e]}catch(n){}}),a.on("executor-start",function(t){t[0]=c(t[0],"resolve-",this),t[1]=c(t[1],"resolve-",this)}),a.on("executor-err",function(t,e,n){t[1](n)}),c.inPlace(f.prototype,["then"],"then-",o),a.on("then-start",function(t,e){this.promise=e,t[0]=c(t[0],"cb-",this),t[1]=c(t[1],"cb-",this)}),a.on("then-end",function(t,e,n){this.nextPromise=n;var r=this.promise;a.emit("propagate",[r,!0],n)}),a.on("cb-end",function(t,e,n){a.emit("propagate",[n,!0],this.nextPromise)}),a.on("propagate",function(t,e,n){this.getCtx&&!e||(this.getCtx=function(){if(t instanceof Promise)var e=a.context(t);return e&&e.getCtx?e.getCtx():this})}),r.toString=function(){return""+f})},{}],11:[function(t,e,n){var r=t("ee").get("raf"),o=t(22)(r),i="equestAnimationFrame";e.exports=r,o.inPlace(window,["r"+i,"mozR"+i,"webkitR"+i,"msR"+i],"raf-"),r.on("raf-start",function(t){t[0]=o(t[0],"fn-")})},{}],12:[function(t,e,n){function r(t,e,n){t[0]=a(t[0],"fn-",null,n)}function o(t,e,n){this.method=n,this.timerDuration=isNaN(t[1])?0:+t[1],t[0]=a(t[0],"fn-",this,n)}var i=t("ee").get("timer"),a=t(22)(i),c="setTimeout",s="setInterval",f="clearTimeout",u="-start",d="-";e.exports=i,a.inPlace(window,[c,"setImmediate"],c+d),a.inPlace(window,[s],s+d),a.inPlace(window,[f,"clearImmediate"],f+d),i.on(s+u,r),i.on(c+u,o)},{}],13:[function(t,e,n){function r(t,e){d.inPlace(e,["onreadystatechange"],"fn-",c)}function o(){var t=this,e=u.context(t);t.readyState>3&&!e.resolved&&(e.resolved=!0,u.emit("xhr-resolved",[],t)),d.inPlace(t,y,"fn-",c)}function i(t){b.push(t),l&&(x?x.then(a):v?v(a):(E=-E,O.data=E))}function a(){for(var t=0;t<b.length;t++)r([],b[t]);b.length&&(b=[])}function c(t,e){return e}function s(t,e){for(var n in t)e[n]=t[n];return e}t(6);var f=t("ee"),u=f.get("xhr"),d=t(22)(u),p=NREUM.o,h=p.XHR,l=p.MO,m=p.PR,v=p.SI,w="readystatechange",y=["onload","onerror","onabort","onloadstart","onloadend","onprogress","ontimeout"],b=[];e.exports=u;var g=window.XMLHttpRequest=function(t){var e=new h(t);try{u.emit("new-xhr",[e],e),e.addEventListener(w,o,!1)}catch(n){try{u.emit("internal-error",[n])}catch(r){}}return e};if(s(h,g),g.prototype=h.prototype,d.inPlace(g.prototype,["open","send"],"-xhr-",c),u.on("send-xhr-start",function(t,e){r(t,e),i(e)}),u.on("open-xhr-start",r),l){var x=m&&m.resolve();if(!v&&!m){var E=1,O=document.createTextNode(E);new l(a).observe(O,{characterData:!0})}}else f.on("fn-end",function(t){t[0]&&t[0].type===w||a()})},{}],14:[function(t,e,n){function r(t){var e=this.params,n=this.metrics;if(!this.ended){this.ended=!0;for(var r=0;r<d;r++)t.removeEventListener(u[r],this.listener,!1);if(!e.aborted){if(n.duration=a.now()-this.startTime,4===t.readyState){e.status=t.status;var i=o(t,this.lastSize);if(i&&(n.rxSize=i),this.sameOrigin){var s=t.getResponseHeader("X-NewRelic-App-Data");s&&(e.cat=s.split(", ").pop())}}else e.status=0;n.cbTime=this.cbTime,f.emit("xhr-done",[t],t),c("xhr",[e,n,this.startTime])}}}function o(t,e){var n=t.responseType;if("json"===n&&null!==e)return e;var r="arraybuffer"===n||"blob"===n||"json"===n?t.response:t.responseText;return l(r)}function i(t,e){var n=s(e),r=t.params;r.host=n.hostname+":"+n.port,r.pathname=n.pathname,t.sameOrigin=n.sameOrigin}var a=t("loader");if(a.xhrWrappable){var c=t("handle"),s=t(15),f=t("ee"),u=["load","error","abort","timeout"],d=u.length,p=t("id"),h=t(18),l=t(17),m=window.XMLHttpRequest;a.features.xhr=!0,t(13),f.on("new-xhr",function(t){var e=this;e.totalCbs=0,e.called=0,e.cbTime=0,e.end=r,e.ended=!1,e.xhrGuids={},e.lastSize=null,h&&(h>34||h<10)||window.opera||t.addEventListener("progress",function(t){e.lastSize=t.loaded},!1)}),f.on("open-xhr-start",function(t){this.params={method:t[0]},i(this,t[1]),this.metrics={}}),f.on("open-xhr-end",function(t,e){"loader_config"in NREUM&&"xpid"in NREUM.loader_config&&this.sameOrigin&&e.setRequestHeader("X-NewRelic-ID",NREUM.loader_config.xpid)}),f.on("send-xhr-start",function(t,e){var n=this.metrics,r=t[0],o=this;if(n&&r){var i=l(r);i&&(n.txSize=i)}this.startTime=a.now(),this.listener=function(t){try{"abort"===t.type&&(o.params.aborted=!0),("load"!==t.type||o.called===o.totalCbs&&(o.onloadCalled||"function"!=typeof e.onload))&&o.end(e)}catch(n){try{f.emit("internal-error",[n])}catch(r){}}};for(var c=0;c<d;c++)e.addEventListener(u[c],this.listener,!1)}),f.on("xhr-cb-time",function(t,e,n){this.cbTime+=t,e?this.onloadCalled=!0:this.called+=1,this.called!==this.totalCbs||!this.onloadCalled&&"function"==typeof n.onload||this.end(n)}),f.on("xhr-load-added",function(t,e){var n=""+p(t)+!!e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+!!e;this.xhrGuids&&this.xhrGuids[n]&&(delete this.xhrGuids[n],this.totalCbs-=1)}),f.on("addEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-added",[t[1],t[2]],e)}),f.on("removeEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-removed",[t[1],t[2]],e)}),f.on("fn-start",function(t,e,n){e instanceof m&&("onload"===n&&(this.onload=!0),("load"===(t[0]&&t[0].type)||this.onload)&&(this.xhrCbStart=a.now()))}),f.on("fn-end",function(t,e){this.xhrCbStart&&f.emit("xhr-cb-time",[a.now()-this.xhrCbStart,this.onload,e],e)})}},{}],15:[function(t,e,n){e.exports=function(t){var e=document.createElement("a"),n=window.location,r={};e.href=t,r.port=e.port;var o=e.href.split("://");!r.port&&o[1]&&(r.port=o[1].split("/")[0].split("@").pop().split(":")[1]),r.port&&"0"!==r.port||(r.port="https"===o[0]?"443":"80"),r.hostname=e.hostname||n.hostname,r.pathname=e.pathname,r.protocol=o[0],"/"!==r.pathname.charAt(0)&&(r.pathname="/"+r.pathname);var i=!e.protocol||":"===e.protocol||e.protocol===n.protocol,a=e.hostname===document.domain&&e.port===n.port;return r.sameOrigin=i&&(!e.hostname||a),r}},{}],16:[function(t,e,n){function r(){}function o(t,e,n){return function(){return i(t,[f.now()].concat(c(arguments)),e?null:this,n),e?void 0:this}}var i=t("handle"),a=t(19),c=t(20),s=t("ee").get("tracer"),f=t("loader"),u=NREUM;"undefined"==typeof window.newrelic&&(newrelic=u);var d=["setPageViewName","setCustomAttribute","setErrorHandler","finished","addToTrace","inlineHit","addRelease"],p="api-",h=p+"ixn-";a(d,function(t,e){u[e]=o(p+e,!0,"api")}),u.addPageAction=o(p+"addPageAction",!0),u.setCurrentRouteName=o(p+"routeName",!0),e.exports=newrelic,u.interaction=function(){return(new r).get()};var l=r.prototype={createTracer:function(t,e){var n={},r=this,o="function"==typeof e;return i(h+"tracer",[f.now(),t,n],r),function(){if(s.emit((o?"":"no-")+"fn-start",[f.now(),r,o],n),o)try{return e.apply(this,arguments)}finally{s.emit("fn-end",[f.now()],n)}}}};a("setName,setAttribute,save,ignore,onEnd,getContext,end,get".split(","),function(t,e){l[e]=o(h+e)}),newrelic.noticeError=function(t){"string"==typeof t&&(t=new Error(t)),i("err",[t,f.now()])}},{}],17:[function(t,e,n){e.exports=function(t){if("string"==typeof t&&t.length)return t.length;if("object"==typeof t){if("undefined"!=typeof ArrayBuffer&&t instanceof ArrayBuffer&&t.byteLength)return t.byteLength;if("undefined"!=typeof Blob&&t instanceof Blob&&t.size)return t.size;if(!("undefined"!=typeof FormData&&t instanceof FormData))try{return JSON.stringify(t).length}catch(e){return}}}},{}],18:[function(t,e,n){var r=0,o=navigator.userAgent.match(/Firefox[/s](d+.d+)/);o&&(r=+o[1]),e.exports=r},{}],19:[function(t,e,n){function r(t,e){var n=[],r="",i=0;for(r in t)o.call(t,r)&&(n[i]=e(r,t[r]),i+=1);return n}var o=Object.prototype.hasOwnProperty;e.exports=r},{}],20:[function(t,e,n){function r(t,e,n){e||(e=0),"undefined"==typeof n&&(n=t?t.length:0);for(var r=-1,o=n-e||0,i=Array(o<0?0:o);++r<o;)i[r]=t[e+r];return i}e.exports=r},{}],21:[function(t,e,n){e.exports={exists:"undefined"!=typeof window.performance&&window.performance.timing&&"undefined"!=typeof window.performance.timing.navigationStart}},{}],22:[function(t,e,n){function r(t){return!(t&&t instanceof Function&&t.apply&&!t[a])}var o=t("ee"),i=t(20),a="nr@original",c=Object.prototype.hasOwnProperty,s=!1;e.exports=function(t,e){function n(t,e,n,o){function nrWrapper(){var r,a,c,s;try{a=this,r=i(arguments),c="function"==typeof n?n(r,a):n||{}}catch(f){p([f,"",[r,a,o],c])}u(e+"start",[r,a,o],c);try{return s=t.apply(a,r)}catch(d){throw u(e+"err",[r,a,d],c),d}finally{u(e+"end",[r,a,s],c)}}return r(t)?t:(e||(e=""),nrWrapper[a]=t,d(t,nrWrapper),nrWrapper)}function f(t,e,o,i){o||(o="");var a,c,s,f="-"===o.charAt(0);for(s=0;s<e.length;s++)c=e[s],a=t[c],r(a)||(t[c]=n(a,f?c+o:o,i,c))}function u(n,r,o){if(!s||e){var i=s;s=!0;try{t.emit(n,r,o,e)}catch(a){p([a,n,r,o])}s=i}}function d(t,e){if(Object.defineProperty&&Object.keys)try{var n=Object.keys(t);return n.forEach(function(n){Object.defineProperty(e,n,{get:function(){return t[n]},set:function(e){return t[n]=e,e}})}),e}catch(r){p([r])}for(var o in t)c.call(t,o)&&(e[o]=t[o]);return e}function p(e){try{t.emit("internal-error",e)}catch(n){}}return t||(t=o),n.inPlace=f,n.flag=a,n}},{}],ee:[function(t,e,n){function r(){}function o(t){function e(t){return t&&t instanceof r?t:t?s(t,c,i):i()}function n(n,r,o,i){if(!p.aborted||i){t&&t(n,r,o);for(var a=e(o),c=l(n),s=c.length,f=0;f<s;f++)c[f].apply(a,r);var d=u[y[n]];return d&&d.push([b,n,r,a]),a}}function h(t,e){w[t]=l(t).concat(e)}function l(t){return w[t]||[]}function m(t){return d[t]=d[t]||o(n)}function v(t,e){f(t,function(t,n){e=e||"feature",y[n]=e,e in u||(u[e]=[])})}var w={},y={},b={on:h,emit:n,get:m,listeners:l,context:e,buffer:v,abort:a,aborted:!1};return b}function i(){return new r}function a(){(u.api||u.feature)&&(p.aborted=!0,u=p.backlog={})}var c="nr@context",s=t("gos"),f=t(19),u={},d={},p=e.exports=o();p.backlog=u},{}],gos:[function(t,e,n){function r(t,e,n){if(o.call(t,e))return t[e];var r=n();if(Object.defineProperty&&Object.keys)try{return Object.defineProperty(t,e,{value:r,writable:!0,enumerable:!1}),r}catch(i){}return t[e]=r,r}var o=Object.prototype.hasOwnProperty;e.exports=r},{}],handle:[function(t,e,n){function r(t,e,n,r){o.buffer([t],r),o.emit(t,e,n)}var o=t("ee").get("handle");e.exports=r,r.ee=o},{}],id:[function(t,e,n){function r(t){var e=typeof t;return!t||"object"!==e&&"function"!==e?-1:t===window?0:a(t,i,function(){return o++})}var o=1,i="nr@id",a=t("gos");e.exports=r},{}],loader:[function(t,e,n){function r(){if(!x++){var t=g.info=NREUM.info,e=p.getElementsByTagName("script")[0];if(setTimeout(u.abort,3e4),!(t&&t.licenseKey&&t.applicationID&&e))return u.abort();f(y,function(e,n){t[e]||(t[e]=n)}),s("mark",["onload",a()+g.offset],null,"api");var n=p.createElement("script");n.src="https://"+t.agent,e.parentNode.insertBefore(n,e)}}function o(){"complete"===p.readyState&&i()}function i(){s("mark",["domContent",a()+g.offset],null,"api")}function a(){return E.exists&&performance.now?Math.round(performance.now()):(c=Math.max((new Date).getTime(),c))-g.offset}var c=(new Date).getTime(),s=t("handle"),f=t(19),u=t("ee"),d=window,p=d.document,h="addEventListener",l="attachEvent",m=d.XMLHttpRequest,v=m&&m.prototype;NREUM.o={ST:setTimeout,SI:d.setImmediate,CT:clearTimeout,XHR:m,REQ:d.Request,EV:d.Event,PR:d.Promise,MO:d.MutationObserver};var w=""+location,y={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",agent:"js-agent.newrelic.com/nr-spa-1039.min.js"},b=m&&v&&v[h]&&!/CriOS/.test(navigator.userAgent),g=e.exports={offset:c,now:a,origin:w,features:{},xhrWrappable:b};t(16),p[h]?(p[h]("DOMContentLoaded",i,!1),d[h]("load",r,!1)):(p[l]("onreadystatechange",o),d[l]("onload",r)),s("mark",["firstbyte",c],null,"api");var x=0,E=t(21)},{}]},{},["loader",2,14,5,3,4]);
;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"22258555",sa:1}
</script>
<script type="text/javascript">
var admantx_url =
document.addEventListener("DOMContentLoaded", function(event) {
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: cnbc-cms-header-insert');
    if (window.mps) {
        if (window.CNBC_Premium && CNBC_Premium.isPremium && document.cookie.indexOf('ispro=true') == -1 && (mps.pagevars.type!="franchise")) {
          mps.nlformtypes = mps.nlformtypes || [];
          mps.nlformtypes.push('paywall');
        }

        //<!-- Omniture s_code path -->
        mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1";
        //<!-- end: Omniture s_code path -->

        //<!-- Google PII Fix BEGIN -->
        mps._queue.mpsinit.push(function() {
          (function(){
            mps._urlContainsEmail = function() {
              var _qs = window.location.href;
              if (!_qs) {
                return false;
              }
              var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+.)+[a-zA-Z]{2,}))/;
              return _regex.test(_qs);
            };
            if (mps._urlContainsEmail()) {
              mps._debug('[MPS]: email address detected in url, bypass gpt.');
              if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') {
                if (typeof(window._mpspixZ) != 'string') {
                  window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d<a;d++)c+=b[Math.floor(Math.random()*b.length)];return c})(12)
                }
                for (var i in mps.response.dart.adunits) {
                  var pixelurl = ((document.location.protocol === 'https') ? 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ;
                  mps.response.dart.adunits[i].data = '<img id="div-gpt-x-0" class="mps-slot" data-mps-slot="x" data-mps-loadset="0" style="width:0;height:0;margin:0;padding:0;border:0;display:none;" src="' + pixelurl + '"/>';
                }
              }
              mps.cloneAd = function() { return false; }
              return true;
            } else {
              return false;
            }
          })();
        });
        //<!-- Google PII Fix END -->
   }
 });
});
</script>

<!-- Piano Ad Block Detection: BEGIN -->
<script>
    var setAdblockerCookie = function(adblocker) {
        var d = new Date();
        d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000);
        document.cookie = "__adblocker=" + (adblocker ? "true" : "false") + "; expires=" + d.toUTCString() + "; path=/";
    }
    var script = document.createElement("script");
    script.setAttribute("async", true);
    script.setAttribute("src", "//www.npttech.com/advertising.js");
    script.setAttribute("onerror", "setAdblockerCookie(true);");
    script.setAttribute("onload", "setAdblockerCookie(false);");
    document.getElementsByTagName("head")[0].appendChild(script);
</script>
<!-- Piano Ad Block Detection: END -->
<!-- ADmantX Head Insert Begin -->
<script>
    var admantx_url = ('https:'==document.location.protocol?'https:':'http:')+'//usasync01.admantx.com/admantx/service?request=' + escape('{"decorator":"template.nbc_template","key":"62263fff3cc1d07f85c7f8261a0c8f7dc096b35f59c82a713f20a9db8d562ff2","method":"descriptor","filter":"default","mode":"async","type":"URL","body":"' + escape(document.location.href) + '"}');

    function admantx_callback(data) {
        if (top.__nbcudigitaladops_inject && top.__nbcudigitaladops_inject.dtprm) {
            if (data && data.admants) {
                if (data.status == "OK") {
                    for (var x = 0; x < data.admants.length; x++) {
                        var kv = 'adg=' + data.admants[x] + ';';
                        top.__nbcudigitaladops_inject.dtprm(kv)
                    }
                } else {
                    top.__nbcudigitaladops_inject.dtprm("asg=othererror;")
                }
            }
        }
    }
    (function() {
        var sct = document.createElement('script');
        sct.src = admantx_url;
        sct.type = 'text/javascript';
        sct.async = 'true';
        var domel = document.getElementsByTagName('script')[0];
        domel.parentNode.insertBefore(sct, domel);
    })();
</script>
<!-- ADmantX Head Insert End -->
<!-- Universal Player Compatibility for IE11 BEGIN -->
<script>
  if(typeof window.MediaSource !== 'function') {
    if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') {
        document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5");
    }
}
</script>
<!-- Universal Player Compatibility for IE11 END -->
<!-- MPS ASYNC Application Component - Desktop Insert HEAD END -->
        <!-- End Global insert_head -->
                
    <script  type="text/javascript" src= "//www.cnbc.com/staticContent/showads.js"></script>

    
    
    <!-- <script  type="text/javascript" src= "//www.cnbc.com/staticContent/showads.js"></script> -->
    </head>
    <body id="page_story_simple" class='web cnbc large  '>
         
         
        

        
<div class="dart_wrapper dart_ads_noniframe_noniframecustom  badge-ad" id="dart_wrapper_noniframecustom">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_noniframecustom', 'noniframecustom'));	
	});
	</script> 
</div>
        <!-- begin mps section -->
        
        <!-- end mps section -->

        <!-- BEGIN FRAME -->
            
            <div id="cnbc-contents" class="cnbc-contents">
                
                                                        
                
                                                                                
                    
                                                                                                                
                    <!--BEGIN HEADER -->
<!--for different templates--><!--for different templates--><header id="cnbc-new-header" class=""><div class="main-header"><div class="header-content"><a href="//www.cnbc.com"><img id="cnbc-logo" src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-hdr-logo2.png" width="189" height="49" title="CNBC" alt="CNBC" /></a><div class="symbol-search"><div class="input-container"><input placeholder="Search Quotes, News &amp; Video"><span class="lookup"><a class="btn-lookup" href="javascript:void(0)"><i class="fa fa-search fa-2"></i></a></span><span class="close-search"><a class="btn-lookup-close" href="javascript:void(0)"><i class="fa fa-times fa-2"></i></a></span></div><div class="lookup-results hide"><ul class="lookup-list"></ul></div></div><div class="ad">
<div class="dart_wrapper dart_ads_noniframe_badgea  badge-ad" id="dart_wrapper_badgea">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_badgea', 'badgea'));	
	});
	</script> 
</div></div><div class="promo_heavy_container"><div id="promo_100009896_heavy_container" class="promo_heavy_container"></div></div></div></div><div class="main-header-nav"><div class="header-nav-content"><nav class="cnbc-menu">












<script type="text/javascript">window.cnbc = window.cnbc || {};window.cnbc.config = window.cnbc.config || {};window.cnbc.config.product = "web";window.cnbc.config.isWeekendMode = false;</script><a id="sm-logo" href="//www.cnbc.com"><img src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-hdr-logo2.png" width="123"></a><ul id="nav"><li class="site-set"><a href="//www.cnbc.com/" class="nav-home" data-onclick="#"><span class="homeLabel">HOME</span><span class="icon arrow-down"><i class="fa fa-chevron-down fa-1"></i></span></a><ul class="home-geo-container"><li>EDITION</li></ul></li>	<li class="news"><a data-trkNavAttr="navigation:news:news:104669188" href="//www.cnbc.com/us-news/" class="expandable">News</a><ul>	<li ><a data-trkNavAttr="navigation:news:economy:104669188" href="//www.cnbc.com/economy/">Economy</a></li>
	<li ><a data-trkNavAttr="navigation:news:finance:104669188" href="//www.cnbc.com/finance/">Finance</a></li>
	<li ><a data-trkNavAttr="navigation:news:healthcare:104669188" href="//www.cnbc.com/health-care/">Health Care</a></li>
	<li ><a data-trkNavAttr="navigation:news:realestate:104669188" href="//www.cnbc.com/real-estate/">Real Estate</a></li>
	<li ><a data-trkNavAttr="navigation:news:wealth:104669188" href="//www.cnbc.com/wealth/">Wealth</a></li>
	<li ><a data-trkNavAttr="navigation:news:autos:104669188" href="//www.cnbc.com/autos/">Autos</a></li>
	<li ><a data-trkNavAttr="navigation:news:earnings:104669188" href="//www.cnbc.com/earnings/">Earnings</a></li>
	<li ><a data-trkNavAttr="navigation:news:energy:104669188" href="//www.cnbc.com/energy/">Energy</a></li>
	<li ><a data-trkNavAttr="navigation:news:news-life:104669188" href="//www.cnbc.com/life/">Life</a></li>
	<li ><a data-trkNavAttr="navigation:news:media:104669188" href="//www.cnbc.com/media/">Media</a></li>
	<li ><a data-trkNavAttr="navigation:news:politics:104669188" href="//www.cnbc.com/politics/">Politics</a></li>
	<li ><a data-trkNavAttr="navigation:news:retail:104669188" href="//www.cnbc.com/retail/">Retail</a></li>
	<li ><a data-trkNavAttr="navigation:news:commentary:104669188" href="//www.cnbc.com/commentary/">Commentary</a></li>
	<li ><a data-trkNavAttr="navigation:news:specialreports:104669188" href="//www.cnbc.com/special-reports/">Special Reports</a></li>
	<li ><a data-trkNavAttr="navigation:news:asia:104669188" href="//www.cnbc.com/asia-news/">Asia</a></li>
	<li ><a data-trkNavAttr="navigation:news:europe:104669188" href="//www.cnbc.com/europe-news/">Europe</a></li>
	<li ><a data-trkNavAttr="navigation:news:cfo-council:104669188" href="//www.cnbc.com/global-cfo-council/">CFO Council</a></li>
</ul></li>
	<li class="markets"><a data-trkNavAttr="navigation:markets:markets:104669188" href="//www.cnbc.com/markets/" class="expandable">Markets</a><ul>	<li ><a data-trkNavAttr="navigation:markets:premarkets:104669188" href="//www.cnbc.com/pre-markets/">Pre-Markets</a></li>
	<li ><a data-trkNavAttr="navigation:markets:us:104669188" href="//www.cnbc.com/us-markets/">U.S.</a></li>
	<li ><a data-trkNavAttr="navigation:markets:asia:104669188" href="//www.cnbc.com/markets-asia-pacific/">Asia</a></li>
	<li ><a data-trkNavAttr="navigation:markets:europe:104669188" href="//www.cnbc.com/markets-europe/">Europe</a></li>
	<li ><a data-trkNavAttr="navigation:markets:stocks:104669188" href="//www.cnbc.com/stocks/">Stocks</a></li>
	<li ><a data-trkNavAttr="navigation:markets:commodities:104669188" href="//www.cnbc.com/commodities/">Commodities</a></li>
	<li ><a data-trkNavAttr="navigation:markets:currencies:104669188" href="//www.cnbc.com/currencies/">Currencies</a></li>
	<li ><a data-trkNavAttr="navigation:markets:bonds:104669188" href="//www.cnbc.com/bonds/">Bonds</a></li>
	<li ><a data-trkNavAttr="navigation:markets:funds:104669188" href="//www.cnbc.com/mutual-funds/">Funds</a></li>
	<li ><a data-trkNavAttr="navigation:markets:etfs:104669188" href="//www.cnbc.com/exchange-traded-funds/">ETFs</a></li>
</ul></li>
	<li class="investing"><a data-trkNavAttr="navigation:investing:investing:104669188" href="//www.cnbc.com/investing/" class="expandable">Investing</a><ul>	<li ><a data-trkNavAttr="navigation:investing:tradingnation:104669188" href="//www.cnbc.com/trading-nation/">Trading Nation</a></li>
	<li ><a data-trkNavAttr="navigation:investing:tradingtalk:104669188" href="//www.cnbc.com/trader-talk/">Trader Talk</a></li>
	<li ><a data-trkNavAttr="navigation:investing:financialadvisors:104669188" href="//www.cnbc.com/financial-advisors/">Financial Advisors</a></li>
	<li ><a data-trkNavAttr="navigation:investing:personalfinance:104669188" href="//www.cnbc.com/personal-finance/">Personal Finance</a></li>
	<li ><a data-trkNavAttr="navigation:investing:etf-street:104669188" href="//www.cnbc.com/etf-street/">Etf Street</a></li>
	<li ><a data-trkNavAttr="navigation:investing:portfolio:104669188" href="http://portfolio.cnbc.com/">Portfolio</a></li>
	<li ><a data-trkNavAttr="navigation:investing:watchlist:104669188" href="//watchlist.cnbc.com/">Watchlist</a></li>
	<li ><a data-trkNavAttr="navigation:investing:stockscreener:104669188" href="//www.cnbc.com/id/15839076">Stock Screener</a></li>
	<li ><a data-trkNavAttr="navigation:investing:fundscreener:104669188" href="//www.cnbc.com/id/15839074">Fund Screener</a></li>
</ul></li>
	<li class="tech"><a data-trkNavAttr="navigation:tech:tech:104669188" href="//www.cnbc.com/technology/" class="expandable">Tech</a><ul>	<li ><a data-trkNavAttr="navigation:tech:mobile:104669188" href="//www.cnbc.com/mobile/">Mobile</a></li>
	<li ><a data-trkNavAttr="navigation:tech:socialmedia:104669188" href="//www.cnbc.com/social-media/">Social Media</a></li>
	<li ><a data-trkNavAttr="navigation:tech:enterprise:104669188" href="//www.cnbc.com/enterprise/">Enterprise</a></li>
	<li ><a data-trkNavAttr="navigation:tech:gaming:104669188" href="//www.cnbc.com/gaming/">Gaming</a></li>
	<li ><a data-trkNavAttr="navigation:tech:cybersecurity:104669188" href="//www.cnbc.com/cybersecurity/">Cybersecurity</a></li>
	<li ><a data-trkNavAttr="navigation:tech:tech-guide:104669188" href="//www.cnbc.com/tech-guide/">Tech Guide</a></li>
</ul></li>
	<li class="makeit"><a data-trkNavAttr="navigation:makeit:makeit:104669188" href="//www.cnbc.com/make-it/" class="expandable">Make It</a><ul>	<li ><a data-trkNavAttr="navigation:makeit:entrepreneurs:104669188" href="//www.cnbc.com/make-it/entrepreneurs/">Entrepreneurs</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:leadership:104669188" href="//www.cnbc.com/make-it/leadership/">Leadership</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:careers:104669188" href="//www.cnbc.com/make-it/careers/">Careers</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:money:104669188" href="//www.cnbc.com/make-it/money/">Money</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:specials:104669188" href="//www.cnbc.com/make-it/special-reports/">Specials</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:primetime:104669188" href="//www.cnbc.com/make-it/shows/">Primetime</a></li>
</ul></li>
	<li class="video"><a data-trkNavAttr="navigation:video:video:104669188" href="//www.cnbc.com/video/" class="expandable">Video</a><ul>	<li ><a data-trkNavAttr="navigation:video:topvideo:104669188" href="//www.cnbc.com/top-video/">Top Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:latestvideo:104669188" href="//www.cnbc.com/video-all/">Latest Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:usvideo:104669188" href="//www.cnbc.com/us-video/">U.S. Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:asiavideo:104669188" href="//www.cnbc.com/asia-video/">Asia Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:europevideo:104669188" href="//www.cnbc.com/europe-video/">Europe Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:ceointerviews:104669188" href="//www.cnbc.com/video-ceo-interviews/">CEO Interviews</a></li>
	<li ><a data-trkNavAttr="navigation:video:analystinterviews:104669188" href="//www.cnbc.com/video-analyst-interviews/">Analyst Interviews</a></li>
	<li ><a data-trkNavAttr="navigation:video:fullepisodes:104669188" href="http://www.cnbc.com/live-tv/">Full Episodes</a></li>
</ul></li>
	<li class="shows"><a data-trkNavAttr="navigation:shows:shows:104669188" href="//www.cnbc.com/tv-worldwide/" class="expandable">Shows</a><ul>	<li ><a data-trkNavAttr="navigation:shows:watchlive:104669188" href="http://www.cnbc.com/live-tv/">Watch Live</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcus:104669188" href="//www.cnbc.com/tv-worldwide/">CNBC U.S. Business Day</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcusprime:104669188" href="//www.cnbc.com/make-it/shows/">CNBC U.S. Primetime</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcasiapacific:104669188" href="//www.cnbc.com/asia-business-day/">CNBC Asia-Pacific</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbceurope:104669188" href="//www.cnbc.com/europe-television/">CNBC Europe</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcworld:104669188" href="//www.cnbc.com/global-television-shows/">CNBC World</a></li>
	<li ><a data-trkNavAttr="navigation:shows:fullepisodes:104669188" href="http://www.cnbc.com/live-tv/">Full Episodes</a></li>
</ul></li>
<li class="more"><div id="hamburger" class="hamburger-menu"><span></span><span></span><span></span></div><a href="javascript:void(0)" class="singleton">More</a><div class="more-container"><div class="more-nav grid"><div class="grid-cell cell1"><div class="grid-col"><ul class="more-mobile-login more"><ul class="log-info unreg-user more"><li id="mobile-signin"><a href="//www.cnbc.com/application/generic/?action=signin">Log In</a></li><li class="pipe"><span>|</span></li><li id="mobile-signup" class="cnbcRegister"><a href="//www.cnbc.com/application/generic/?action=signup">Register</a></li></ul><ul class="log-info reg-user more hide"><li id="mobile-logout"><a href="javascript:void(0);">Log Out</a></li></ul></ul><ul class="more-news more"><li class="header"><a data-trkNavAttr="navigation:more:news:104669188" href="//www.cnbc.com/us-news/" class="expandable">News</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="economy">
		<a href="//www.cnbc.com/economy/"  data-trkNavAttr="navigation:more:economy:104669188">
			Economy
					</a>
	</li>
																	<li class="finance">
		<a href="//www.cnbc.com/finance/"  data-trkNavAttr="navigation:more:finance:104669188">
			Finance
					</a>
	</li>
																	<li class="healthcare">
		<a href="//www.cnbc.com/health-care/"  data-trkNavAttr="navigation:more:healthcare:104669188">
			Health Care
					</a>
	</li>
																	<li class="realestate">
		<a href="//www.cnbc.com/real-estate/"  data-trkNavAttr="navigation:more:realestate:104669188">
			Real Estate
					</a>
	</li>
																	<li class="wealth">
		<a href="//www.cnbc.com/wealth/"  data-trkNavAttr="navigation:more:wealth:104669188">
			Wealth
					</a>
	</li>
																	<li class="autos">
		<a href="//www.cnbc.com/autos/"  data-trkNavAttr="navigation:more:autos:104669188">
			Autos
					</a>
	</li>
																	<li class="news-consumer">
		<a href="//www.cnbc.com/consumers/"  data-trkNavAttr="navigation:more:news-consumer:104669188">
			Consumer
					</a>
	</li>
																	<li class="earnings">
		<a href="//www.cnbc.com/earnings/"  data-trkNavAttr="navigation:more:earnings:104669188">
			Earnings
					</a>
	</li>
																	<li class="energy">
		<a href="//www.cnbc.com/energy/"  data-trkNavAttr="navigation:more:energy:104669188">
			Energy
					</a>
	</li>
																	<li class="news-life">
		<a href="//www.cnbc.com/life/"  data-trkNavAttr="navigation:more:news-life:104669188">
			Life
					</a>
	</li>
																	<li class="media">
		<a href="//www.cnbc.com/media/"  data-trkNavAttr="navigation:more:media:104669188">
			Media
					</a>
	</li>
																	<li class="politics">
		<a href="//www.cnbc.com/politics/"  data-trkNavAttr="navigation:more:politics:104669188">
			Politics
					</a>
	</li>
																	<li class="retail">
		<a href="//www.cnbc.com/retail/"  data-trkNavAttr="navigation:more:retail:104669188">
			Retail
					</a>
	</li>
																	<li class="commentary">
		<a href="//www.cnbc.com/commentary/"  data-trkNavAttr="navigation:more:commentary:104669188">
			Commentary
					</a>
	</li>
																	<li class="specialreports">
		<a href="//www.cnbc.com/special-reports/"  data-trkNavAttr="navigation:more:specialreports:104669188">
			Special Reports
					</a>
	</li>
																	<li class="asia">
		<a href="//www.cnbc.com/asia-news/"  data-trkNavAttr="navigation:more:asia:104669188">
			Asia
					</a>
	</li>
																	<li class="europe">
		<a href="//www.cnbc.com/europe-news/"  data-trkNavAttr="navigation:more:europe:104669188">
			Europe
					</a>
	</li>
																	<li class="cfo-council">
		<a href="//www.cnbc.com/global-cfo-council/"  data-trkNavAttr="navigation:more:cfo-council:104669188">
			CFO Council
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-pro more"><li class="header"><a data-trkNavAttr="navigation:more:pro:104669188" href="//www.cnbc.com/pro" class="expandable">Pro</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="viewall">
		<a href="//www.cnbc.com/pro"  data-trkNavAttr="navigation:more:viewall:104669188">
			View All
					</a>
	</li>
																	<li class="pro_franchise">
		<a href="//www.cnbc.com/pro-story"  data-trkNavAttr="navigation:more:pro_franchise:104669188">
			News & Analysis
					</a>
	</li>
																	<li class="provideo">
		<a href="//www.cnbc.com/pro-video"  data-trkNavAttr="navigation:more:provideo:104669188">
			Video
					</a>
	</li>
																	<li class="protalks">
		<a href="//www.cnbc.com/protalks"  data-trkNavAttr="navigation:more:protalks:104669188">
			PRO Talks
					</a>
	</li>
																	<li class="prouncut">
		<a href="//www.cnbc.com/pro-uncut"  data-trkNavAttr="navigation:more:prouncut:104669188">
			PRO Uncut
					</a>
	</li>
																	<li class="kensho">
		<a href="//www.cnbc.com/kensho"  data-trkNavAttr="navigation:more:kensho:104669188">
			Kensho Stats
					</a>
	</li>
														<li class="take_tour">
		<a href="javascript:void(0)" id="pro-tour" >
			Take a Tour
					</a>
	</li>
																	<li class="subscribe2">
		<a href="//www.cnbc.com/application/pro"  data-trkNavAttr="navigation:more:subscribe2:104669188">
			Subscribe
					</a>
	</li>
</ul></li></ul><ul class="more-markets more"><li class="header"><a data-trkNavAttr="navigation:more:markets:104669188" href="//www.cnbc.com/markets/" class="expandable">Markets</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="premarkets">
		<a href="//www.cnbc.com/pre-markets/"  data-trkNavAttr="navigation:more:premarkets:104669188">
			Pre-Markets
					</a>
	</li>
																	<li class="us">
		<a href="//www.cnbc.com/us-markets/"  data-trkNavAttr="navigation:more:us:104669188">
			U.S.
					</a>
	</li>
																	<li class="asia">
		<a href="//www.cnbc.com/markets-asia-pacific/"  data-trkNavAttr="navigation:more:asia:104669188">
			Asia
					</a>
	</li>
																	<li class="europe">
		<a href="//www.cnbc.com/markets-europe/"  data-trkNavAttr="navigation:more:europe:104669188">
			Europe
					</a>
	</li>
																	<li class="stocks">
		<a href="//www.cnbc.com/stocks/"  data-trkNavAttr="navigation:more:stocks:104669188">
			Stocks
					</a>
	</li>
																	<li class="commodities">
		<a href="//www.cnbc.com/commodities/"  data-trkNavAttr="navigation:more:commodities:104669188">
			Commodities
					</a>
	</li>
																	<li class="currencies">
		<a href="//www.cnbc.com/currencies/"  data-trkNavAttr="navigation:more:currencies:104669188">
			Currencies
					</a>
	</li>
																	<li class="bonds">
		<a href="//www.cnbc.com/bonds/"  data-trkNavAttr="navigation:more:bonds:104669188">
			Bonds
					</a>
	</li>
																	<li class="funds">
		<a href="//www.cnbc.com/mutual-funds/"  data-trkNavAttr="navigation:more:funds:104669188">
			Funds
					</a>
	</li>
																	<li class="etfs">
		<a href="//www.cnbc.com/exchange-traded-funds/"  data-trkNavAttr="navigation:more:etfs:104669188">
			ETFs
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-makeit more"><li class="header"><a data-trkNavAttr="navigation:more:makeit:104669188" href="//www.cnbc.com/make-it/" class="expandable">Make It</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="entrepreneurs">
		<a href="//www.cnbc.com/make-it/entrepreneurs/"  data-trkNavAttr="navigation:more:entrepreneurs:104669188">
			Entrepreneurs
					</a>
	</li>
																	<li class="leadership">
		<a href="//www.cnbc.com/make-it/leadership/"  data-trkNavAttr="navigation:more:leadership:104669188">
			Leadership
					</a>
	</li>
																	<li class="careers">
		<a href="//www.cnbc.com/make-it/careers/"  data-trkNavAttr="navigation:more:careers:104669188">
			Careers
					</a>
	</li>
																	<li class="money">
		<a href="//www.cnbc.com/make-it/money/"  data-trkNavAttr="navigation:more:money:104669188">
			Money
					</a>
	</li>
																	<li class="specials">
		<a href="//www.cnbc.com/make-it/special-reports/"  data-trkNavAttr="navigation:more:specials:104669188">
			Specials
					</a>
	</li>
																	<li class="primetime">
		<a href="//www.cnbc.com/make-it/shows/"  data-trkNavAttr="navigation:more:primetime:104669188">
			Primetime
					</a>
	</li>
</ul></li></ul><ul class="more-investing more"><li class="header"><a data-trkNavAttr="navigation:more:investing:104669188" href="//www.cnbc.com/investing/" class="expandable">Investing</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="tradingnation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:tradingnation:104669188">
			Trading Nation
					</a>
	</li>
																	<li class="tradingtalk">
		<a href="//www.cnbc.com/trader-talk/"  data-trkNavAttr="navigation:more:tradingtalk:104669188">
			Trader Talk
					</a>
	</li>
																	<li class="financialadvisors">
		<a href="//www.cnbc.com/financial-advisors/"  data-trkNavAttr="navigation:more:financialadvisors:104669188">
			Financial Advisors
					</a>
	</li>
																	<li class="personalfinance">
		<a href="//www.cnbc.com/personal-finance/"  data-trkNavAttr="navigation:more:personalfinance:104669188">
			Personal Finance
					</a>
	</li>
																	<li class="etf-street">
		<a href="//www.cnbc.com/etf-street/"  data-trkNavAttr="navigation:more:etf-street:104669188">
			Etf Street
					</a>
	</li>
																	<li class="portfolio">
		<a href="http://portfolio.cnbc.com/"  data-trkNavAttr="navigation:more:portfolio:104669188">
			Portfolio
					</a>
	</li>
																	<li class="watchlist">
		<a href="//watchlist.cnbc.com/"  data-trkNavAttr="navigation:more:watchlist:104669188">
			Watchlist
					</a>
	</li>
																	<li class="stockscreener">
		<a href="//www.cnbc.com/id/15839076"  data-trkNavAttr="navigation:more:stockscreener:104669188">
			Stock Screener
					</a>
	</li>
																	<li class="fundscreener">
		<a href="//www.cnbc.com/id/15839074"  data-trkNavAttr="navigation:more:fundscreener:104669188">
			Fund Screener
					</a>
	</li>
</ul></li></ul></div></div><div class="grid-cell cell2"><div class="grid-col"><ul class="more-tech more"><li class="header"><a data-trkNavAttr="navigation:more:tech:104669188" href="//www.cnbc.com/technology/" class="expandable">Tech</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="mobile">
		<a href="//www.cnbc.com/mobile/"  data-trkNavAttr="navigation:more:mobile:104669188">
			Mobile
					</a>
	</li>
																	<li class="socialmedia">
		<a href="//www.cnbc.com/social-media/"  data-trkNavAttr="navigation:more:socialmedia:104669188">
			Social Media
					</a>
	</li>
																	<li class="enterprise">
		<a href="//www.cnbc.com/enterprise/"  data-trkNavAttr="navigation:more:enterprise:104669188">
			Enterprise
					</a>
	</li>
																	<li class="gaming">
		<a href="//www.cnbc.com/gaming/"  data-trkNavAttr="navigation:more:gaming:104669188">
			Gaming
					</a>
	</li>
																	<li class="cybersecurity">
		<a href="//www.cnbc.com/cybersecurity/"  data-trkNavAttr="navigation:more:cybersecurity:104669188">
			Cybersecurity
					</a>
	</li>
																	<li class="tech-guide">
		<a href="//www.cnbc.com/tech-guide/"  data-trkNavAttr="navigation:more:tech-guide:104669188">
			Tech Guide
					</a>
	</li>
</ul></li></ul><ul class="more-video more"><li class="header"><a data-trkNavAttr="navigation:more:video:104669188" href="//www.cnbc.com/video/" class="expandable">Video</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="topvideo">
		<a href="//www.cnbc.com/top-video/"  data-trkNavAttr="navigation:more:topvideo:104669188">
			Top Video
					</a>
	</li>
																	<li class="latestvideo">
		<a href="//www.cnbc.com/video-all/"  data-trkNavAttr="navigation:more:latestvideo:104669188">
			Latest Video
					</a>
	</li>
																	<li class="usvideo">
		<a href="//www.cnbc.com/us-video/"  data-trkNavAttr="navigation:more:usvideo:104669188">
			U.S. Video
					</a>
	</li>
																	<li class="asiavideo">
		<a href="//www.cnbc.com/asia-video/"  data-trkNavAttr="navigation:more:asiavideo:104669188">
			Asia Video
					</a>
	</li>
																	<li class="europevideo">
		<a href="//www.cnbc.com/europe-video/"  data-trkNavAttr="navigation:more:europevideo:104669188">
			Europe Video
					</a>
	</li>
																	<li class="ceointerviews">
		<a href="//www.cnbc.com/video-ceo-interviews/"  data-trkNavAttr="navigation:more:ceointerviews:104669188">
			CEO Interviews
					</a>
	</li>
																	<li class="analystinterviews">
		<a href="//www.cnbc.com/video-analyst-interviews/"  data-trkNavAttr="navigation:more:analystinterviews:104669188">
			Analyst Interviews
					</a>
	</li>
																	<li class="fullepisodes">
		<a href="http://www.cnbc.com/live-tv/"  data-trkNavAttr="navigation:more:fullepisodes:104669188">
			Full Episodes
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-shows more"><li class="header"><a data-trkNavAttr="navigation:more:shows:104669188" href="//www.cnbc.com/tv-worldwide/" class="expandable">Shows</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="cnbcus">
		<a href="//www.cnbc.com/tv-worldwide/"  data-trkNavAttr="navigation:more:cnbcus:104669188">
			CNBC U.S. Business Day
					</a>
	</li>
																	<li class="cnbcusprime">
		<a href="//www.cnbc.com/make-it/shows/"  data-trkNavAttr="navigation:more:cnbcusprime:104669188">
			CNBC U.S. Primetime
					</a>
	</li>
																	<li class="cnbcasiapacific">
		<a href="//www.cnbc.com/asia-business-day/"  data-trkNavAttr="navigation:more:cnbcasiapacific:104669188">
			CNBC Asia-Pacific
					</a>
	</li>
																	<li class="cnbceurope">
		<a href="//www.cnbc.com/europe-television/"  data-trkNavAttr="navigation:more:cnbceurope:104669188">
			CNBC Europe
					</a>
	</li>
																	<li class="cnbcworld">
		<a href="//www.cnbc.com/global-television-shows/"  data-trkNavAttr="navigation:more:cnbcworld:104669188">
			CNBC World
					</a>
	</li>
</ul></li></ul><ul class="more-special-reports more"><li class="header"><a data-trkNavAttr="navigation:more:Special Reports:104669188" href="//www.cnbc.com/special-reports/" class="expandable">Special Reports</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="investor-toolkit">
		<a href="//www.cnbc.com/investor-toolkit/"  data-trkNavAttr="navigation:more:Investor Toolkit:104669188">
			Investor Toolkit
					</a>
	</li>
																	<li class="global-investing-hot-spots">
		<a href="//www.cnbc.com/global-investing-hot-spots/"  data-trkNavAttr="navigation:more:Global Investing Hot Spots:104669188">
			Global Investing Hot Spots
					</a>
	</li>
																	<li class="modern-medicine">
		<a href="//www.cnbc.com/modern-medicine/"  data-trkNavAttr="navigation:more:Modern Medicine:104669188">
			Modern Medicine
					</a>
	</li>
																	<li class="your-money,-your-future">
		<a href="//www.cnbc.com/your-money-your-future/"  data-trkNavAttr="navigation:more:Your Money, Your Future:104669188">
			Your Money, Your Future
					</a>
	</li>
																	<li class="singapore-airshow">
		<a href="//www.cnbc.com/singapore-airshow-2018/"  data-trkNavAttr="navigation:more:Singapore Airshow:104669188">
			Singapore Airshow
					</a>
	</li>
																	<li class="healthy-returns">
		<a href="//www.cnbc.com/healthy-returns/"  data-trkNavAttr="navigation:more:Healthy Returns:104669188">
			Healthy Returns
					</a>
	</li>
																	<li class="along-the-belt-and-road">
		<a href="//www.cnbc.com/along-the-belt-and-road/"  data-trkNavAttr="navigation:more:Along the Belt and Road:104669188">
			Along the Belt and Road
					</a>
	</li>
																	<li class="trading-nation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:Trading Nation:104669188">
			Trading Nation
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-original-series more"><li class="header"><span>Original Series</span></li><li class="sub-nav-menu"><ul class="more">																	<li class="executive-edge">
		<a href="//www.cnbc.com/executive-edge/"  data-trkNavAttr="navigation:more:Executive Edge:104669188">
			Executive Edge
					</a>
	</li>
																	<li class="trading-nation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:Trading Nation:104669188">
			Trading Nation
					</a>
	</li>
																	<li class="futures-now">
		<a href="//www.cnbc.com/futures-now/"  data-trkNavAttr="navigation:more:Futures Now:104669188">
			Futures Now
					</a>
	</li>
																	<li class="retire-well">
		<a href="//www.cnbc.com/retirewell/"  data-trkNavAttr="navigation:more:Retire Well:104669188">
			Retire Well
					</a>
	</li>
																	<li class="the-pulse-@-1-market">
		<a href="//www.cnbc.com/the-pulse/"  data-trkNavAttr="navigation:more:The Pulse @ 1 Market:104669188">
			The Pulse @ 1 Market
					</a>
	</li>
																	<li class="the-bottom-line">
		<a href="//www.cnbc.com/the-bottom-line/"  data-trkNavAttr="navigation:more:The Bottom Line:104669188">
			The Bottom Line
					</a>
	</li>
</ul></li></ul><ul class="more-cnbc-events more"><li class="header"><span>CNBC Events</span></li><li class="sub-nav-menu"><ul class="more">																	<li class="healthy-returns social ">
		<a href="https://www.cnbc.com/2017/11/08/healthy-returns.html"  data-trkNavAttr="navigation:more:Healthy Returns:104669188">
			Healthy Returns
							<i class="webresource"></i>
					</a>
	</li>
																	<li class="davos">
		<a href="//www.cnbc.com/davos-world-economic-forum/"  data-trkNavAttr="navigation:more:Davos:104669188">
			Davos
					</a>
	</li>
																	<li class="delivering-alpha">
		<a href="//www.cnbc.com/delivering-alpha-ii/"  data-trkNavAttr="navigation:more:Delivering Alpha:104669188">
			Delivering Alpha
					</a>
	</li>
																	<li class="cambridge-cyber-summit">
		<a href="//www.cnbc.com/securing-our-future/"  data-trkNavAttr="navigation:more:Cambridge Cyber Summit:104669188">
			Cambridge Cyber Summit
					</a>
	</li>
																	<li class="emerge-americas">
		<a href="//www.cnbc.com/emerge-americas/"  data-trkNavAttr="navigation:more:eMerge Americas:104669188">
			eMerge Americas
					</a>
	</li>
																	<li class="iconic-tour">
		<a href="//www.cnbc.com/iconic-conference/"  data-trkNavAttr="navigation:more:iCONIC Tour:104669188">
			iCONIC Tour
					</a>
	</li>
																	<li class="net-net">
		<a href="//www.cnbc.com/netnet/"  data-trkNavAttr="navigation:more:Net Net:104669188">
			Net Net
					</a>
	</li>
																	<li class="sohn-conference">
		<a href="//www.cnbc.com/sohn/"  data-trkNavAttr="navigation:more:Sohn Conference:104669188">
			Sohn Conference
					</a>
	</li>
</ul></li></ul><ul class="more-follow-cnbc more"><li class="header"><span>Follow CNBC</span></li><li class="sub-nav-menu"><ul class="more">																	<li class=" social ">
		<a href="https://www.facebook.com/cnbc"  data-trkNavAttr="navigation:more::104669188">
			
							<i class="webresource    fa fa-facebook"></i>
					</a>
	</li>
																	<li class=" social ">
		<a href="https://twitter.com/cnbc"  data-trkNavAttr="navigation:more::104669188">
			
							<i class="webresource     fa fa-twitter"></i>
					</a>
	</li>
</ul></li></ul><ul class="more-internationalization more"><li class="site-set sub-nav-menu"><ul class=" more home-geo-container"><li class="header">EDITION</li></ul></li></ul><ul class="more-go-up more"><li class="go-up sub-nav-menu"><a href="javascript:void(0)"><i class="fa fa-chevron-circle-up fa-3"></i></a></li></ul></div></div></div></div></li></ul>
<div id="featured-menu-container"><div id="login-container"><ul class="log-info" id="unreg-user"><li class="iconContainer login expandable"><a href="javascript:void(0)" class="singleton"><i class="fa fa-user fa-2"></i></a><ul><li class="cnbcRegister"><a href="javascript:void(0);">Register</a></li><li><a id="signin" href="javascript:void(0);">Log In</a></li></ul></li></ul><ul id="reg-user" class="log-info hide"><li class="iconContainer login expandable"><a href="javascript:void(0)" class="singleton"><i class="fa fa-user fa-2"></i></a><ul class='registered'><li><a href="//www.cnbc.com/account#profile">Profile</a></li><li><a href="//www.cnbc.com/account#newsletter">Email Preferences</a></li><li class="link-pro-user"><a href="//www.cnbc.com/account#pro">PRO</a></li><li><a id="signout" href="javascript:void(0);">Sign Out</a></li></ul></li></ul></div><ul class="log-info"><li class="pro"><a data-trkNavAttr="navigation:pro:pro:104669188" href="//www.cnbc.com/pro" data-onclick="#" class="expandable">Pro</a><ul><li class="viewall"><a data-trkNavAttr="navigation:pro:viewall:104669188" href="/pro">View All</a></li><li class="pro_franchise"><a data-trkNavAttr="navigation:pro:pro_franchise:104669188" href="/pro-story">News & Analysis</a></li><li class="provideo"><a data-trkNavAttr="navigation:pro:provideo:104669188" href="/pro-video">Video</a></li><li class="protalks"><a data-trkNavAttr="navigation:pro:protalks:104669188" href="/protalks">PRO Talks</a></li><li class="prouncut"><a data-trkNavAttr="navigation:pro:prouncut:104669188" href="/pro-uncut">PRO Uncut</a></li><li class="kensho"><a data-trkNavAttr="navigation:pro:kensho:104669188" href="/kensho">Kensho Stats</a></li><li class="take_tour"><a href='javascript:void(0)' id="pro-tour">Take a Tour</a></li><li class="subscribe2"><a data-trkNavAttr="navigation:pro:subscribe2:104669188" href="/application/pro">Subscribe</a></li></ul></li><li class="livetv"><a data-trkNavAttr="navigation:livetv:livetv:104669188" href="javascript:void(0)" data-onclick="#" class="expandable">LIVE TV</a><ul><li class="watch-cnbc-tv"><a data-trkNavAttr="navigation:livetv:watch-cnbc-tv:104669188" href="http://www.cnbc.com/live-tv/">Watch CNBC TV</a></li><li class="watch-cnbc-pro"><a data-trkNavAttr="navigation:livetv:watch-cnbc-pro:104669188" href="//www.cnbc.com/application/pro">Watch CNBC Pro</a></li></ul></li><li class="watchlist"><a data-trkNavAttr="navigation:watchlist:watchlist:104669188" href="//watchlist.cnbc.com/"  class="singleton">Watchlist</a></li></ul></div><div id="quickLinks">	<a class="button" id="markets"  data-trkNavAttr="navigation:top:markets:104669188"  href="//www.cnbc.com/markets/"><i class="fa fa-markets"></i></a>
	<a class="button" id="video"  data-trkNavAttr="navigation:top:video:104669188"  href="//www.cnbc.com/video/"><i class="fa fa-video"></i></a>
	<a class="button" id="quotesearch"  href="javascript:void(0),"><i class="fa fa-quotesearch"></i></a>
</div></nav></div></div><!--might not need this for make it--><div id="toPopup"><div class="close"><a class="btn_header">X</a></div><div id="popup_content"></div><!--your content end--></div><!--toPopup end--><div id="backgroundPopup"></div><!--might not need this for make it--></header>
<!-- END HEADER -->

                
                

                
                    

                


                


                
                                                    	<div id='cnbc-alert-container-breaking-news' class="news-alert breaking-news hide" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="breaking-news-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="breaking-news-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-pro-alert' class="news-alert pro-alert hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="pro-alert-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="pro-alert-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-watch-live' class="news-alert watch-live hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="watch-live-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="watch-live-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-watch-live-international' class="news-alert watch-live-international hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="watch-live-international-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="watch-live-international-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                    

                
                

                
                
                

                <div class="cnbc-body " itemscope itemtype="https://schema.org/NewsArticle">
                                                                                <!-- MPS iframe:ad -->
                    
  <!-- MPS iframe:ad -->
  
<div class="dart_wrapper dart_ads_noniframe_topbanner  badge-ad" id="dart_wrapper_topbanner">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_topbanner', 'topbanner'));	
	});
	</script> 
</div>
  
  <!-- end of MPS iframe ad -->

                    
                    <!-- end of MPS iframe ad -->
                    
    
      
		<h2 class="cnbc-clearfix pagehead" id="page_header">
		 <div id="franchise-header-badge">
		
<div class="dart_wrapper dart_ads_noniframe_badgec  badge-ad" id="dart_wrapper_badgec">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_badgec', 'badgec'));	
	});
	</script> 
</div>
	 </div>
									<a class="header_title last breadcrumb" href="/market-insider/">Market Insider</a>
		
					    	</h2>

  
    <div class="story-top"><div  class="story-header-left twoCol"><h1 class="title" itemprop="name" >Hurricane Harvey could be major storm, threatening one-third of US refining capacity</h1><div id="article_deck" class="content"> 
	
	



																
																	
			
												<div class="group-container last">
						
			
			
			

			
						
			
														<div class="group" >
																		<ul> <li><span>Hurricane Harvey is heading toward the Gulf Coast and could become a major Category 3 hurricane by Friday.</span></li> <li>The storm's track, while still unpredictable, appears to be heading south of Houston but could dump 12 to 20 inches of rain or more across a broad area of the Texas coastline.</li> <li>The coastline between Corpus Christi, Texas and Lake Charles, La. is home to about a third of U.S. refining capacity. </li> <li>Gasoline futures jumped Thursday, and traders expect more upward pressure as the storm gets closer to Texas. Oil prices, however, fell because refiners may use less supply due to the storm.</li> </ul>
																										    																</div>
					</div>
	</div>
	<div class="source" itemprop="author" itemscope itemtype="https://schema.org/Person">
																																							
					    			    		
	    									<a itemprop="url" rel="author" href="/patti-domm/">Patti Domm</a>													| <span class="twitter-url"><a href="//twitter.com/pattidomm">@pattidomm</a></span>
																
					
							 
			</div>

	
	<time class="datestamp"  itemprop="datePublished" datetime="2017-08-23T17:05:16-0400">	  
		Published  5:05  PM ET Wed, 23 Aug 2017
	</time>
			<time class="datestamp last-pub-date"  itemprop="dateModified" datetime="2017-08-24T13:51:29-0400">
			Updated   1:51  PM ET Thu, 24 Aug 2017
		</time>
	<span class="sourcelogo" id="sourcelogo-cnbccom" itemprop="sourceOrganization">CNBC.com</span></div><div class="story-header-right">
	<div>
		<div id="social_bar_top" class="gigyasharebar"></div>
		
			
	</div>
</div></div>
  
    
    <section class="cols2">
	    <div class="unit col1">
        
              

  
  
<article>
	<div class="story">
        		<div id="article_body" class="content">            

                                             
	




																
																	
			
												<div class="group-container ">
						
																																		

																																																							
			
			

			
																		

									
																							
																						
						
						
												
													
								<div class="inline-player">
									
<div class="pro-video-chapters fall" trkId="3000648303">
			<div class="handler" style="display:none;">
			<span>
				<span class="tag">show chapters</span><i class="fa fa-chevron-down" aria-hidden="true"></i>
			</span>
		</div>
		<ul style="margin-bottom:-298px;display:none">
			</ul>
</div>

									<!-- new asset.tpl begin --><div id='player_0_104669188_0' class="asset  cnbcvideo imgasset desc_size600_400 featuredPromo" data-autoPlay="1">        <span itemscope  itemtype="https://schema.org/ImageObject"  class="video-icon">
                    <a href='/video/2017/08/24/storm-springs-back-to-life-in-the-gulf-now-threatens-one-third-of-us-refining-capacity.html' data-VideoID='3000648303' data-VideoType='' class=''  >
                                                <img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670889-5ED5-BL-Harvey-082417.600x400.jpg?v=1503586724" alt="Storm springs back to life in the Gulf, now threatens one-third of US refining capacity" title="Storm springs back to life in the Gulf, now threatens one-third of US refining capacity" width='600' height='400' />
                    
                </a>
         <meta itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/24/104670889-5ED5-BL-Harvey-082417.jpg?v=1503586724" /><meta itemprop="width" content="width='600'" /><meta itemprop="height" content="height='400'" /><meta itemprop="datePublished" content="2017-08-24T10:58:44-0400" /><meta itemprop="dateCreated" content="2017-08-24T10:58:41-0400" /><meta itemprop="dateModified" content="2017-08-24T10:58:45-0400" /><meta itemprop="uploadDate" content="2017-08-24T10:58:41-0400" /><meta itemprop="expires" content="2099-12-31" /> <!-- TODO: defaulting to 2099 until we get the expiry date from toolbelt --><meta itemprop="encodingFormat" content="jpg" /><meta itemprop="author" content="" /><meta itemprop="publisher" content="CNBC" />         </span> 
    
        

    
		 

		
			<a href='/video/2017/08/24/storm-springs-back-to-life-in-the-gulf-now-threatens-one-third-of-us-refining-capacity.html' data-VideoID='3000648303' data-VideoType=''  class=' headline-overlay'    data-nodeID='104670730' >
    				<i class="fa fa-video"></i>
				

	<div class="headline"  >
				    	                 
            Storm springs back to life in the Gulf, now threatens one-third of US refining capacity<span class=" cnbc-font-icon icon-cnbc-video">&nbsp;</span>&nbsp;&nbsp;
			                        <time>11:00  AM ET Thu, 24 Aug 2017 |  01:07</time>	</div>
					
					

					</a>	 




</div><!-- new asset.tpl end -->
								</div>
													
									
			
			
														<div class="group" itemprop="articleBody">
																		<p>The energy industry is closely watching a rapidly developing hurricane that could become the first hurricane to make landfall in Texas in nine years and dump as much as two feet of rain on the heart of the U.S. refining industry.</p>
															
																													
					
			<meta id="speakablemeta3" itemprop="cssSelector" content="#article_body > div > div.group > p:first-child">
	
												    														<p>If Harvey becomes a major Category 3 hurricane, as now expected, it would be the first to come ashore in Texas since <a class="inline_asset" href="https://www.eia.gov/special/disruptions/hurricane/ike/" title="https://www.eia.gov/special/disruptions/hurricane/ike/">Hurricane Ike in 2008</a>. Harvey was upgraded to a hurricane Thursday afternoon and was heading towards the U.S. Gulf Coast, fueled by warmer than usual water temperatures.</p>
															
																										    														<p>Nearly half of U.S. refining capacity is on the U.S. Gulf Coast from Alabama to Texas, and nearly one-third of U.S. capacity appears to be in Harvey's path on the Texas and western Louisiana coastlines. Even if the storm does not become a major hurricane, it could be a considerable flooding event that could disrupt refining and possibly drilling operations.</p>
															
																						<div id="inline_movable_ad"></div>
																			    														<p>A hurricane warning was first issued early Thursday for a section of Texas' Gulf Coast as Harvey approached, covering an area from Port Mansfield to Matagorda. Texas, meanwhile, declared a state of emergency for 30 counties in anticipation of the threat.  </p>
															
																										    														<p>Believed to be a minor hurricane Wednesday, the National Hurricane Center significantly upgraded its potential strength late Thursday morning, catching some in the energy market unaware. The National Hurricane Center said its wind forecast now shows sustained winds could be up to 115 mph. It forecast 12 to 20 inches of rain with some areas potentially seeing as much as 30 inches. </p>
															
																										    														<p>By early Thursday, Harvey was about 370 miles (600 km) southeast of Port Mansfield, Texas, with maximum sustained winds of 45 mph, the U.S. National Hurricane Center said.</p>
															
																										    														<p><img class="inlineChart" src="https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2017/08/1503590890_noaa.jpg"></img></p>
															
																										    														<p>"The main danger with this storm does not seem to be wind, it is the amount of rain and it looks set to stall over the Texas coast," said Jacob Meisel, Bespoke Weather Services' chief weather analyst. "This is something we're watching even for onshore [drilling]." </p>
															
																										    														<p><a href="/2017/08/23/oil-steady-on-falling-crude-inventories-but-rising-output-weighs.html">Gasoline futures rose on the NYMEX</a> and spot prices jumped. Gasoline on the Gulf Coast spot market was trading at $1.59, up nearly 6 cents, and at its highest level since April. Crude futures however were lower, with <a href="/quotes/">West Texas Intermediate</a> trading down 2.4 percent to $47.20 per barrel in afternoon trading.</p>
															
																										    														<p>"You're talking  about something that might knock down crude oil runs, which is going to deter some exports briefly. That's why you have crude oil down and gasoline up," said  Tom Kloza, global head of energy analysis at Oil Price Information Service.</p>
															
																										    														<p>"If it's a Category 3, and it hits a refining center, you literally could have a gasoline price spike that is like 27 cents" a gallon, said  "It's a temporary event, but you could have a temporary price shock for portions of the United States that are fed by the Gulf Coast."</p>
															
																										    														<p>Kloza said Corpus Christi refineries would be likely to shut down for precautionary reasons, and Houston operators may as well. </p>
															
																										    														<p>"You're not going to operate a refinery when there's the possibility of storm surge or the threat of losing electricity…They have to shut down. The safe bet is two weeks from now we're going to be talking about much lower gasoline prices," he said.</p>
															
																										    														<p>A major concern is that Harvey came up suddenly, and quickly transformed from remnants of a previous tropical storm into what could be the strongest hurricane to make landfall in the U.S. since Hurricane Wilma came ashore in Florida in August, 2005.</p>
															
																										    														<p>The National Hurricane Center said Harvey was already close to becoming a hurricane late Thursday morning. It issued a storm surge warning for much of the Texas coast, and said surge flooding could reach heights of six to 10 feet between the northern entrance of the Padre Island National Seashore and Sargent, Texas.</p>
															
																										    														<p>"It has a straight shot at the coast with nothing but fuel to strengthen," said Meisel. "The conditions are perfect for rapid intensification because of low wind shear and warmer than average water temperatures."</p>
															
																										    														<p>Meisel said the storm is unpredictable, and the models are varied but an unusually warm water eddy in the western Gulf is providing even more energy for the storm.</p>
															
																										    														<p>"The amount of rain some of our weather models are printing out for this storm are totals that are almost unbelievable," he said. "There's definitely potential for more than 24 inches around the Houston area." </p>
															
																										    														<p>The oil industry was already making preparations, with <a class="inline_quotes" data-gdsid="9564" data-inline-quote-symbol="APC" href="//www.cnbc.com/quotes/?symbol=APC">Anadarko</a> and others pulling workers from its Gulf of Mexico platforms. Harvey looks set to cut across offshore drilling rigs, but it's the refineries that are more at risk.</p>
															
																										    														<p>Magellan Midstream Partners on Thursday said it had suspended operations at its terminal and condensate splitter in Corpus Christi ahead of Tropical Storm Harvey. Flint Hills Resources and Citgo were reported to be shutting down Corpus Christi refineries.</p>
															
																										    														<p>Houston's major refineries include the Marathon Galveston Bay refinery, Phillips 66 Sweeny refinery and <a class="inline_quotes" data-gdsid="37135" data-inline-quote-symbol="XOM" href="//www.cnbc.com/quotes/?symbol=XOM">Exxon Mobil's</a> Baytown refinery, among others. Phillips 66 and Kinder Morgan said they were reviewing the situation, and Kinder Morgan added it would activate its response plan, as needed. </p>
															
																										    														<p>"This is much more impact on refining, especially if it becomes a flooding event," said Andrew Lipow, president of Lipow Oil Associates. He said the flooding could impact their ability  receive shipments or export surplus product.</p>
															
																										    														<p>According to Lipow, 31.6 percent of U.S. refining capacity is located between Lake Charles, Louisiana, and Corpus Christi. He said if the storm becomes a Category 1 hurricane, a rule of thumb is that it could take about a week to restore refining operations, and as much as two weeks if it becomes a Category 2.</p>
															
																										    														<p>Lipow said refiners that are impacted by a Category 3 hurricane can sometimes take two to three weeks to get back to normal. "There is more likely to be evacuations, widespread power outages, wind damage, flooding and difficulty getting workers back to the facilities," he said.</p>
															
																										    														<p><strong></strong></p>
															
																										    																</div>
					</div>
																	
																	
			
												<div class="group-container ">
						
																																		

																																										
			
			

			
																		

									
																							
																				
						
												
													
								<div class="inline-player">
									
<div class="pro-video-chapters fall" trkId="3000647925">
			<div class="handler" style="display:none;">
			<span>
				<span class="tag">show chapters</span><i class="fa fa-chevron-down" aria-hidden="true"></i>
			</span>
		</div>
		<ul style="margin-bottom:-298px;display:none">
			</ul>
</div>

									<!-- new asset.tpl begin --><div id='player_1_104669188_1' class="asset  cnbcvideo imgasset desc_size600_400 featuredPromo">        <span itemscope  itemtype="https://schema.org/ImageObject"  class="video-icon">
                    <a href='/video/2017/08/23/as-summer-winds-down-so-does-the-price-of-gasoline.html' data-VideoID='3000647925' data-VideoType='' class=''  >
                                                <img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/23/104668574-4ED2-REQ-082317-DrivingSeason.600x400.jpg?v=1503496999" alt="As summer winds down so does the price of gasoline" title="As summer winds down so does the price of gasoline" width='600' height='400' />
                    
                </a>
         <meta itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/08/23/104668574-4ED2-REQ-082317-DrivingSeason.jpg?v=1503496999" /><meta itemprop="width" content="width='600'" /><meta itemprop="height" content="height='400'" /><meta itemprop="datePublished" content="2017-08-23T10:03:19-0400" /><meta itemprop="dateCreated" content="2017-08-23T10:03:16-0400" /><meta itemprop="dateModified" content="2017-08-23T10:03:19-0400" /><meta itemprop="uploadDate" content="2017-08-23T10:03:16-0400" /><meta itemprop="expires" content="2099-12-31" /> <!-- TODO: defaulting to 2099 until we get the expiry date from toolbelt --><meta itemprop="encodingFormat" content="jpg" /><meta itemprop="author" content="" /><meta itemprop="publisher" content="CNBC" />         </span> 
    
        

    
		 

		
			<a href='/video/2017/08/23/as-summer-winds-down-so-does-the-price-of-gasoline.html' data-VideoID='3000647925' data-VideoType=''  class=' headline-overlay'    data-nodeID='104668541' >
    				<i class="fa fa-video"></i>
				

	<div class="headline"  >
				    	                 
            As summer winds down so does the price of gasoline<span class=" cnbc-font-icon icon-cnbc-video">&nbsp;</span>&nbsp;&nbsp;
			                        <time>10:16  AM ET Wed, 23 Aug 2017 |  01:05</time>	</div>
					
					

					</a>	 




</div><!-- new asset.tpl end -->
								</div>
													
									
			
			
														<div class="group" itemprop="articleBody">
																		<p>Even if the storm does not do significant damage, it could still cause the industry to scramble to take operations offline. A big storm surge could also create problems in the Houston shipping channel that delay deliveries and shipments. </p>
															
																										    														<p>"It could still be disruptive. You can't have this magnitude of potential shut-ins without seeing prices go up," said John Kilduff, energy analyst with Again Capital. "This could be a hiccup. It will be temporary, but it could be a hell of a spike."</p>
															
																										    														<p>Meisel also said there was a model showing rainfall of up to four feet so the danger is unpredictable intense areas of flooding.</p>
															
																										    														<p>"You'll get really intense bands of rainfall that are really narrow. What you can get are pretty crazy totals of rainfall differences across a very small area. That's where the main uncertainty lies right now," said Meisel.</p>
															
																										    														<p>"We're pretty convinced that the storm will make landfall in southern or coastal Texas," he said. "...The question is where do those bands show up." </p>
															
																										    														<p>Meisel said the hurricane is expected to make landfall late Friday, early Saturday morning, but while the exact location is unclear there's a good chance now that it will be southwest of Houston. "It could be closer to Corpus Christi but the main impact will be on the northeastern side. It looks like the most rain is going to be Houston," said Meisel.</p>
															
																										    														<p>Meisel said as the storm approaches land there's a chance it could slowdown and stall. That would add to the rain risk.</p>
															
																										    														<p>"Over the next couple of days, it's a giant circle over Texas and over the Gulf of Mexico. Most forecasts show it remaining on land," he said.</p>
															
																										    														<p>But there are some outlier forecasts that show potential for a serious pattern. This is a low confidence forecast but something to watch.</p>
															
																										    														<p>"Even after initial landfall, some models are showing the storm re-emerging into the Gulf of Mexico and then making landfall again over western Louisiana," he said, adding that would be the worst case scenario and would bring even more refineries into play.</p>
															
																										    														<p>Kilduff said there could be shut-ins due to power loss or just the inability for workers to reach refining areas, which line the coast.</p>
															
																										    																</div>
					</div>
																	
																	
			
												<div class="group-container ">
												<h4 class="subtitle">Harvey&#039;s potential path into Texas coast</h4>
										
			
			
			

			
						
			
														<div class="group" itemprop="articleBody">
																		<p><img class="inlineChart" src="https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2017/08/1503517926_harvey.jpg"></img></p>
															
																										    														<p><em>Source: EIA/Bespoke</em></p>
															
																										    														<p><em>Brown dots—offshore/onshore oil wells</em></p>
															
																										    														<p><em>Blue dots—offshore/onshore natural gas wells</em></p>
															
																										    														<p><em>Flames—natural gas processing plants</em></p>
															
																										    														<p><em>Brown squares with barrels of oil—petroleum refineries</em></p>
															
																										    														<p><em>—Reuters and the Associated Press contributed to this report.</em></p>
															
																										    																</div>
					</div>
																	
																	
			
												<div class="group-container ">
												<h4 class="subtitle">WATCH: This is a time of year when refiners dial it back</h4>
										
			
			
			

			
						
			
														<div class="group" itemprop="articleBody">
									</div>
					</div>
																	
																	
			
												<div class="group-container last">
						
																																		

																																										
			
			

			
																		

									
																							
																				
						
												
													
								<div class="inline-player">
									
<div class="pro-video-chapters fall" trkId="3000647577">
			<div class="handler" style="display:none;">
			<span>
				<span class="tag">show chapters</span><i class="fa fa-chevron-down" aria-hidden="true"></i>
			</span>
		</div>
		<ul style="margin-bottom:-298px;display:none">
			</ul>
</div>

									<!-- new asset.tpl begin --><div id='player_4_104669188_4' class="asset  cnbcvideo imgasset desc_size600_400 featuredPromo">        <span itemscope  itemtype="https://schema.org/ImageObject"  class="video-icon">
                    <a href='/video/2017/08/22/this-is-a-time-of-year-when-refiners-dial-it-back-john-kilduff.html' data-VideoID='3000647577' data-VideoType='' class=''  >
                                                <img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/11/04/102151905-RTR1DW2Cr.600x400.jpg?v=1503417799" alt="Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela." title="This is a time of year when refiners dial it back: John Kilduff" width='600' height='400' />
                    
                </a>
         <meta itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2014/11/04/102151905-RTR1DW2Cr.jpg?v=1503417799" /><meta itemprop="width" content="width='600'" /><meta itemprop="height" content="height='400'" /><meta itemprop="datePublished" content="2014-11-04T14:01:16-0500" /><meta itemprop="dateCreated" content="2014-11-04T14:00:13-0500" /><meta itemprop="dateModified" content="2017-08-22T12:03:19-0400" /><meta itemprop="uploadDate" content="2014-11-04T14:00:13-0500" /><meta itemprop="expires" content="2099-12-31" /> <!-- TODO: defaulting to 2099 until we get the expiry date from toolbelt --><meta itemprop="encodingFormat" content="jpg" /><meta itemprop="author" content="Jorge Silva | Reuters" /><meta itemprop="publisher" content="CNBC" /> <meta itemprop="caption" content="Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela." />          </span> 
    
        

    
		 

		
			<a href='/video/2017/08/22/this-is-a-time-of-year-when-refiners-dial-it-back-john-kilduff.html' data-VideoID='3000647577' data-VideoType=''  class=' headline-overlay'    data-nodeID='104666356' >
    				<i class="fa fa-video"></i>
				

	<div class="headline"  >
				    	                 
            This is a time of year when refiners dial it back: John Kilduff<span class=" cnbc-font-icon icon-cnbc-video">&nbsp;</span>&nbsp;&nbsp;
			                        <time> 2:34  PM ET Tue, 22 Aug 2017 |  02:12</time>	</div>
					
					

					</a>	 




</div><!-- new asset.tpl end -->
								</div>
													
									
			
			
														<div class="group" itemprop="articleBody">
									</div>
					</div>
	
            		</div>

         
        
        
		        

        <div id="taboola_article_you_may_like">
        <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#taboola_article_you_may_like', 'taboola-article-you-may-like') 
    }); 
</script>
        </div>
    </div>
</article>




        <div class="social-reporter"><div class="reporter"><a href="/patti-domm/"><img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2011/12/22/100000009-Untitled-3.60x60.jpg?v=1400521942" alt="Patti Domm" title="Patti Domm" width="60" height="60"/></a><div class="reporter-info"><span class="name"><a href="/patti-domm/">Patti Domm</a></span><span class="title">CNBC Markets Editor</span></div><div class="article-social-small"><a href="//twitter.com/pattidomm"><span class="social-twitter"></span></a><a href="//linkedin.com/patti-domm/4/488/922"><span class="social-linkedin"></span></a></div></div></div>
  
   

  
          <div><div id="social-tools-panel"></div></div>
      

  
                  <div class="subsection related  ">
        <h2 class="module-header">Related Securities</h2>
                	

	
	







	<div class="flex_chart storyChart" data-quote-type="quick-quote">	
																																																																																																																																																																																										
	
	
				
	
		
	
		<table class="data quoteTable" cellspacing="0">
			<thead>
				<tr>
									<th class="first text"><div class="chart-text-container"><span class="csv-qoute-header-text">Symbol</span></div></th>
																	<th ><div class="chart-text-container"><span class='csv-qoute-header-text'>Price</span></div></th>
																																	<th >&nbsp;</th>
																			<th ><div class="chart-text-container"><span class='csv-qoute-header-text'>Change</span></div></th>
																																					<th class="last"><div class="chart-text-container"><span class='csv-qoute-header-text'>%Change</span></div></th>
									</tr>
			</thead>
			<tbody>
				
																																																				<tr data-table-chart-symbol=XOM data-table-chart-alt-symbol=XOM>
																		<td class="first text" data-field="symbol"><a href="//www.cnbc.com/quotes/?symbol=XOM">XOM</a></td>
													        							        							<td data-field=last></td>
																				        							        								        								        									<td class="arrow" data-field="change_arrow"><div class="icon unch">---</div></td>
        								        							        							<td data-field=change></td>
																				        							        								        								        							        							<td data-field=change_pct></td>
																			</tr>
																																																									<tr data-table-chart-symbol=APC data-table-chart-alt-symbol=APC>
																		<td class="first text" data-field="symbol"><a href="//www.cnbc.com/quotes/?symbol=APC">APC</a></td>
													        							        							<td data-field=last></td>
																				        							        								        								        									<td class="arrow" data-field="change_arrow"><div class="icon unch">---</div></td>
        								        							        							<td data-field=change></td>
																				        							        								        								        							        							<td data-field=change_pct></td>
																			</tr>
												</tbody>
		</table>
	 
		</div>

      </div>
      

  
          <div id="mps_article_insert_footer">
        <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#mps_article_insert_footer', 'article-insert-footer') 
    }); 
</script>
      </div>
      

  
  
    		<div class="adcom_wrapper" id="ad-com-content-one">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-content-one', 'ad.com-content-one') 
    }); 
</script>
	</div>

  

  


  
          
		


	


      


      
  
		


	


  
  

  
				
					

  
  
  
  
</div>
	    <div class="unit col2">
			

    			

	


	
	<div class="sbc_wrapper" id="sbc-rightrail">
    <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#sbc-rightrail', 'sbc-rightrail') 
    }); 
</script>
</div>
			
<div class="dart_wrapper dart_ads_noniframe_topflex  badge-ad" id="dart_wrapper_topflex">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_topflex', 'topflex'));	
	});
	</script> 
</div>
				<div class="adcom_wrapper" id="ad-com-rightrail-top">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-rightrail-top', 'ad.com-rightrail-top') 
    }); 
</script>
	</div>

	
			<div id="prtnr_mod_stories"></div>
		<div id="prtnr_mod_money"></div>
			
			<div id="article-insert-sidebar">
		<script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#article-insert-sidebar', 'article-insert-sidebar') 
    }); 
</script>
		</div>
	

 

 


	

 	

 

 

 

 


	<!-- empty container to move promo medium here for xfinity experience page -->
	<div id="promo_medium_section_bottom"></div>


 


								
            
        	    	    	    	    		    		
    		
    			
                    			                <div class="widget">
					<div id="chartbeatWidget_102535788" class="chartbeat_data_module"></div>
	


	</div>
                    
    
			


			<div class="adcom_wrapper" id="ad-com-rightrail-bottom">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-rightrail-bottom', 'ad.com-rightrail-bottom') 
    }); 
</script>
	</div>

			<div id="movable_box_ad_target"></div>
	
	</div>
    </section>
    
    


                                        
                    
                                                                                            <div class="loaderOverlayMobile" style="position:absolute !important;left:-3000px;top:-3000px;"><p><img src=//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/loader-2.gif></img></p></div>
                        <div class="player-lazy-loaded-mobile">
                          
<div class="tpContainer">
	<div class="tpLayout">
		<div class="tpPlayer" id="player"
			tp:allowFullScreen="true"
			tp:skinUrl="https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/skins/cnbc/cnbc.json"
			tp:showNav="false"
			tp:allowRss="true"
			tp:ccflag ="0"
			tp:ccdefaults = '{"textAlign" : "left","fontSize" : 2}'
							tp:layoutUrl="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/data/cnbc_layout_universal.xml"
						tp:allowLink="true"
			tp:showFullTime="true"
			tp:controlBackgroundColor="0x131313"
			tp:backgroundColor="0x131313"
			tp:controlFrameColor="0x545759"
			tp:frameColor="0x545759"
			tp:textBackgroundColor="0x000000"
			tp:controlHighlightColor="0xbbbbbb"
			tp:controlHoverColor="0xFFFFFF"
			tp:loadProgressColor="0x5D9070"
			tp:controlSelectedColor="0x808080"
			tp:playProgressColor="0x00CCFF"
			tp:scrubberFrameColor="0x00CCFF"
			tp:controlColor="0x808080"
			tp:textColor="0xCCCCCC"
			tp:scrubberColor="0xBEBEBE"
			tp:scrubTrackColor="0xBEBEBE"
			tp:pageBackgroundColor="0x131313"
			tp:controlDisabledColor="0x808080"
			tp:showBitrate="true"
			tp:showCopyright="true"
			tp:carouselAutoPlay="false"
			tp:showSubtitles="true"
			tp:cnbcPlayerType="article"
			tp:showCarousel="false"
			tp:endCard="none"
									tp:plugin13="type=control|URL=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/swf/CNBCAdBannerPlugIn.swf"
						tp:plugin12="type=control|URL=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/swf/CNBCMiniScrubberPlugIn.swf"
															tp:plugin9="type=tracking|url=https://secure-dcr.imrworldwide.com/novms/tp/3/ggtp500.js|priority=1|vcid=c14|clientid=us-800148"
									tp:plugin0="type=tracking|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/newrelic-video-theplatform.min.js?vn=3"
						tp:showMetadata="true"
			tp:plugin1="type=tracking|url=https://secure-us.imrworldwide.com/novms/tp/3/ggtp390.swf|clientid=us-800148|vcid=c14"
						tp:plugin2="type=tracking|url=https://sb.scorecardresearch.com/c2/plugins/streamsense_plugin_theplatform.swf|c2=1000004|priority=1|persistentlabels=c4%3DCNBC.com VOD"
			tp:plugin3="type=tracking|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/streamsense_plugin_theplatform.js?vn=4|c2=1000004|priority=1|persistentlabels=c4%3DCNBC.com VOD"
						tp:plugin4="type=adcomponent|url=https://pdk.theplatform.com/5.7.15/pdk/swf/freewheel.swf|playerProfileHTML5=169843%3Anbcu_mobileweb_js_cs_moat_https|siteSectionId=cnbc_inline_vod|pemURLsSeparator=%2C|isLive=false|customVideoAssetIdField=externalAdvertiserId|networkId=169843|exitFullscreenOnPause=false|priority=1|playerProfileFlash=169843%3Anbcu_cnbc_web_flash_moat_https|adManagerUrl=https%3A%2F%2Fmssl.fwmrm.net%2Fp%2Fnbcu_live%2FAdManager.%7Bext%7D|serverUrl=https%3A%2F%2F29773.v.fwmrm.net%2Fad%2Fp%2F1|playerProfile=nbcu_mobileweb_js_cs_moat_https"
			tp:plugin5="type=adcomponent|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/freewheel_EM-1566.js|playerProfileHTML5=169843%3Anbcu_mobileweb_js_cs_moat_https|siteSectionId=cnbc_inline_vod|pemURLsSeparator=%2C|customVideoAssetIdField=externalAdvertiserId|networkId=169843|exitFullscreenOnPause=false|priority=1|playerProfileFlash=169843%3Anbcu_cnbc_web_flash_moat_https|adManagerUrl=https%3A%2F%2Fmssl.fwmrm.net%2Fp%2Fnbcu_live%2FAdManager.%7Bext%7D|serverUrl=https%3A%2F%2F29773.v.fwmrm.net|playerProfile=nbcu_mobileweb_js_cs_moat_https"
						>
			<noscript class="tpError">To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download <a href="http://get.adobe.com/flashplayer/" target="_black">the latest Flash player</a> and try again.</noscript>
		</div>
	</div>
</div>
					 

                            <div class="docked-card metadata">
                               <div class="metadata-status">
                                   <p class="label">Playing</p>
                                   <h3 class="headline"></h3>
                                   <img id="social_tools_player_docked_share" class="share" src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/playerAssets/social-icon-share-2x.png" alt="">
                               </div>
                               <div class="dockable-share-card">
                                   <p class="label_share">Share this video...</p>
                                   <div id="dockable-social-tools"></div>
                                   <div id="dockable-cnbc-share-url" class="cnbc-input"></div>
                                   <div class="close-button"><span>&times;</span></div>
                               </div>
                                <div class="dockable-end-card">
                                    <p class="label">Watch Next...</p>
                                    <h3 class="headline"></h3>
                                </div>
                            </div>

                        </div>
                                                            </div>

                

                
                
                    

    
        						
        
                                    
        
        
        
                
        
                
        
        
		


                
                
                 
                
                    

                
                
					                                                                          <!-- BEGIN Footer -->
<footer class="cnbc-new-footer-res"><div class="sec-footer-wrapper" id="cnbc-footer-responsive" data-fragmentLazyLoad="true"><div class="sec-footer-container"><div class="sec-footer-links"><ul><li><div id="oba-link-container" style="display:inline;"></div></li></ul></div></div></div></footer>
<!-- END FOOTER -->

                
                
            </div>

            
                <div id="movable_box_ad_container" class="hide">
                    
<div class="dart_wrapper dart_ads_noniframe_movablebox  badge-ad" id="dart_wrapper_movablebox">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_movablebox', 'movablebox'));	
	});
	</script> 
</div>
                </div>
            

        <!-- END FRAME -->
        
<script id="twitter-wjs" type="text/javascript" async defer src="//platform.twitter.com/widgets.js"></script>
        <script type="text/javascript">
            CNBC_Settings = {
    baseurls : {"register_base":"https://register.cnbc.com","login_base":"https://login.cnbc.com","show_schedule_service_base":"http://compass.cnbc.com/compass/xml/nextshow","cnbc_prod_urls":"pub.app20.cnbc.com|pub.app21.cnbc.com|pub.app22.cnbc.com|pub.app23.cnbc.com|pub.app24.cnbc.com|pub.app25.cnbc.com|pub.app26.cnbc.com|pub.app27.cnbc.com|pub.app28.cnbc.com","syndication_base":"http://syndication.cnbc.com/","bb_rhythmvideo_url_base":"rtsp://cnbc.rtsp.rnmd.net:554/adservice/","rhythm_siteid":"cnbc_web","optional_optin":"101","surf_base":"https://surf.nbcuni.com","pub_base_protocol_agnostic":"//www.cnbc.com","upLynk_service_base_url":"//vapi.cnbc.com/videoservice/getstream.do?partnerId=14","upLynk_default_live_channel":"UPLYNK-US","video_token_timestamp":"60","twitter_platform_base":"//platform.twitter.com","vapi_partner_service_base_url":"//vapi.cnbc.com/videoservice/getstream.do?partnerId=20071","php_vapi_service_base_url":"/services/phvapi?channel=","cnbc_base_secure":"https://www.cnbc.com","sc_base_protocol_agnostic":"//sc.cnbcfm.com","quoteservicebase":"//quote.cnbc.com/quote-html-webservice/quote.htm","chartbase":"//api-chart.cnbc.com/api/chart/chart.asp","cnbc_base":"//www.cnbc.com","static_content_base":"//sc.cnbcfm.com","ticker_base":"//ticker.cnbc.com","comments_base":"//comments.cnbc.com/comments","watchlist_base":"//watchlist.cnbc.com","detail_quote_base":"//www.cnbc.com/quotes/","symlookup_base":"//symlookup.cnbc.com","searchbase":"//search.cnbc.com/rs/search/view.html","itv_quote_url":"//quote.cnbc.com/quote-html-webservice/quote.htm?requestMethod=itv&exthrs=1&noform=1&fund=1&output=jsonp&&extendedMask=1&partnerId=2&symbols=","advanced_symlookup_URL":"//www.cnbc.com/id/15837272?q=","baseFeed":"//feed.theplatform.com/f/gZWlPC/CNBC_prod_global","poll_base":"https://www-aws.cnbc.com/services/polls","detailedquotebasenative":"//data.cnbc.com/quotes/","cnbcvideo_url_base":"//www.cnbc.com/video/","detailed_quote_base_http_only":"https://data.cnbc.com/quotes/","cnbcvideo_url_base_http_only":"https://www.cnbc.com/video/","cnbc_base_http_only":"https://www.cnbc.com","premium_video_feed":"//www.cnbc.com/id/46/services/premium/video/data?token=","wsod_api_base_url":"https://api-chart.cnbc.com","pro_base":"//www.cnbc.com/application/pro","detailedquotebase":"//www.cnbc.com/quotes/?symbol=","cnbc_base_host":"cnbc.com","theplatform_pdk_base":"//pdk.theplatform.com/5.7.15/pdk/tpPdk.js","amp_video_origin":"amp-video.cnbc.com","nid":104980813},
	wl360CoreServicesBaseUrl: 'https://wl.cnbc.com/wl/api/',
	wl360ResourceBundleUrl: 'https://register.cnbc.com/svc/api/message',
	wl360ResourceBundleAppKey: 'common_messages',
	wl360ServiceTimeout: 9000,
	wl360QuoteApiUrl: 'https://quote.cnbc.com/quote-html-webservice/',
	wl360EnableAddToWatchlist: '1',
	wl360PartnerId: 14,
	surf_key : 'cnbc',
	mobileQuotePageRefreshInterval: '900',
	mobileQuoteBlurRefreshInterval: '0',
	regionConfig: {"USA":{"edition":"USA","nid":"100746233","link":"/","name":"U.S. Edition", "msgName":"U.S.","mobileMsgName":"U.S.","mobileAlternate":"WORLD", "menuName":"U.S."},"WORLD":{"edition":"WORLD","nid":"100746255","link":"/id/100746255","name":"INTL Edition","msgName":"new international","mobileMsgName":"International","mobileAlternate":"USA", "menuName":"INTL"}},
	searchPartnerId: '2000',	
	chartbeat_service : '102527204',
	chartbeat_service_data : '',
	chartbeat_refresh_interval : '300',
	webQuotePageRefreshInterval: '600',
	webQuoteBlurRefreshInterval: '60',
	surf_on : 'on',
	templateName: 'story_simple',
	isNative: '',
	productName: 'web'
		,dockPlayer: '1'
			,video_gallery_config: {"double_tray_first_tray":"0","double_tray_all_trays":"0","sliding_tab":"1","is_universal_player":"1","full_episodes_links":"[{ 'fastmoney': { 'icon': 'icon-fast-money' ,'url': 'http://www.cnbc.com/live-tv/fast-money'},'madmoney': { 'icon': 'icon-mad-money' ,'url': 'http://www.cnbc.com/live-tv/mad-money'},'americangreed': { 'icon': 'icon-prime' ,'url': 'http://www.cnbc.com/live-tv/american-greed'},'cnbcoriginals': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/cnbc-originals'}, 'consumedtherealrestaurantbusiness': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/consumed-the-real-restaurant-business'}, 'restaurantstartup': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/restaurant-startup'}, 'secretlivesofthesuperrich': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/secret-lives-of-the-super-rich'}, 'sharktank': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/shark-tank'}, 'theprofit': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/the-profit'}}]","watch_live_tv":"http://www.cnbc.com/live-tv"}
			,pageNodeId: 104669188  // this property added for consistancy with Desktop, `nodeId` is depricated and must be retired
			,nodeType: 'blogpost'
						,franchise : {
		  id: '20409666',
		  title: 'Market Insider'
		}
				,homepageTrackingConfig:{header:true, footer:true, lead:true, secondaryLead:true, view:true, topicTown:true, dontMiss:true, marketData:true, madMoney:true, futuresNow:true, mostPopular:true, currencies:true, market:true, tradingNation:true}
				,is_universal_live_player: 1
				,brand: "cnbc"
		,jsVersion: "520"
};
                    </script>

        
																																																																																																																																																																																														<script type="text/javascript">
	CNBC_Settings.tags = ["quotes","Exxon Mobil Corp","Anadarko Petroleum Corp","Market Insider","Investment Strategy","US: News","Market Outlook","U.S. Markets"];
</script>



                    <script type="text/javascript" src="//pdk.theplatform.com/5.7.15/pdk/tpPdk.js"></script>
                          <script type="text/javascript" src="https://surf.nbcuni.com/rdk/surf.js.php" data-rdk-url="/rdk/" data-config-key="cnbc"></script>
                
        <script type="text/javascript">
                        	
                        
                








            
            	        	                	                
																			
			
	

	        
            

            
            
            
	

            	
					
			

	        	            
	        
			

			
		
            
		
            
                                                
                            
			
            
            /* JSInits */

            
                    
    

            

						

            			     		

                          
            
                window.cnbc = window.cnbc || {};
window.cnbc.pageModules = (window.cnbc.pageModules || []).concat([
	    {
	moduleId : 'xfinityExperienceSurf',
	initOn : 'load'
}
    ,	    {
	  'moduleId' : 'socialBar',
	  'initOn' : 'load',
	  'initData' : {
	  	templateName : 'story_simple',
	  	gigya_api_key : '2_Jx5rsFp18pauXYlKGzHQVpbahcR1iJ30bbyfqZsn69A6vbt3dQ7gYFCESWKMM1sP',
			socialBarTitle : 'Hurricane Harvey could be major storm, threatening one-third of US refining capacity',
			containerID: 'social-tools-panel',
			pos : 'bottom',
		}
	}
    ,	    {
	moduleId : 'scrollPanel',
	initOn : 'load',
	initData : {
 		container: 'social-tools-panel' // element that will contain tabs. value can be a string (must be an element's ID), a DOM element or jQuery object -- Required
 		,transTime:50
		,respectiveContainer: true
		,hideIndex: true
	}
}
    ,	    {
	  'moduleId' : 'socialBar',
	  'initOn' : 'load',
	  'initData' : {
	  	templateName : 'story_simple',
	  	gigya_api_key : '2_Jx5rsFp18pauXYlKGzHQVpbahcR1iJ30bbyfqZsn69A6vbt3dQ7gYFCESWKMM1sP',
			socialBarTitle : 'Hurricane Harvey could be major storm, threatening one-third of US refining capacity',
			containerID: 'social_bar_top',
			pos : 'top',
		}
	}
    ,	    {
	moduleId : 'tableSorter',
	initOn : 'view',
	moduleDomSelector : 'table.csvData, article table.quoteTable'
}
    ,	    {
		moduleId : 'Polls',
		initOn : 'load'
	}
    ,	    {
	moduleId : 'TaboolaRecirculationModule',
	
		initOn : 'load',
	
	initData : {
		
			taboola_url : '//cdn.taboola.com/libtrc/cnbc/loader.js'
		
		,taboolaParam: ''
	}
}
    ,	    {
	moduleId : 'TwitterPlatform',
	
		initOn : 'view',
		moduleDomSelector : '.twitter-timeline, .twitter-tweet'
	
}
    ,	    {
		moduleId : 'chartbeatMostPopular',
		initOn : 'view',
		moduleDomSelector : '#chartbeatWidget_102535788',
		initData : {
			refreshInterval : 300,
			chartbeatUrl : '//www.cnbc.com/id/102535788/services/mostpopular',
			containerId: 'chartbeatWidget_102535788'	,
			templateName: 'story_simple'		
		}
	}
    ,	    {
      moduleId : 'englargedImage',
      initOn : 'load',
      initData : {
      }
    }
    ,	    {
		moduleId: 'desktopVideoPlayer',
		
				initOn: 'load',
		
		moduleDomSelector: 'div.cnbcvideo.featuredPromo',
		initData: {
			playerId: 'player'
			,baseFeed: '//feed.theplatform.com/f/gZWlPC/CNBC_prod_global'
			,defaultVideoId: ''
			,relativeVideos: false
			,premiumUser : ''
			,premiumContent : ''
			,proTabData: '0'
			,premiumFeedUrl: '//www.cnbc.com/id/46/services/premium/video/data?token='
			,errorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>YOUR BROWSER IS NOT SUPPORTED.</p><p><a href="//www.cnbc.com/id/101957793" target="_blank">Please upgrade to watch video.</a></p></div></div>'
			,videoErrorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>The requested video is unable to play.</p><p>The video does not exist in the system.</p></div></div>'
			,marketingPageURL: 'https://www.cnbc.com/application/pro'
			,adblockErrorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>We’re not able to play this video if an ad blocker is enabled.</p><p>Please disable your ad blocker on CNBC and reload the page to start the video.</p></div></div>'
			,product: 'inlineDesktop'
			,mutedAutoplay: false
		}
	}
    ,	    {
			moduleId : 'tinypassConfig',
			initOn : 'load',
			initData : {
				    "config": {       "aid": "o19WonOrHQ",       "rid": "PRO",       "endpoint": "https://buy.tinypass.com/api/v3",       "trackPages": true,       "debug" : false,       "signUpPage": "/pro-login-page"    },
       			"product": "web",
       			"templateName": "story_simple",
       			"containerSelector": "articlePayload",
       			"contentSection": "Market Insider",
       			"contentAuthor": "Patti Domm",
       			"contentCreated": "2017-08-23T17:05:16-0400"
				}
		}
    ,	    {
	moduleId : 'signin',
	initOn : 'load',
	initData : {
		source : 'default',
		flow : 'header'
	}
}
    ,	    {
            		moduleId : 'pageVideoMetaData',
            		initOn : 'load'
            	}
    ,	    {
        
            moduleId : 'internationalization',
        
        
            initOn : 'load',
           
        initData : {
            config    : {"USA":{"edition":"USA","nid":"100746233","link":"/","name":"U.S. Edition", "msgName":"U.S.","mobileMsgName":"U.S.","mobileAlternate":"WORLD", "menuName":"U.S."},"WORLD":{"edition":"WORLD","nid":"100746255","link":"/id/100746255","name":"INTL Edition","msgName":"new international","mobileMsgName":"International","mobileAlternate":"USA", "menuName":"INTL"}}
            
        }
    }
    ,	    {
	  moduleId : 'symbolLookup',
	  initOn : 'focus mouseover',
	  moduleDomSelector : '.symbol-search input'
	}
    ,	    {
		moduleId : 'navigation',
		initOn : 'load'
	}
    ,	    {
	moduleId : 'footerdefault',
	initOn : 'view',
	moduleDomSelector : '#cnbc-footer-responsive'
}
    ,	    {
			moduleId : 'quoteStreaming',
			initOn : 'load',
			initData : {
				showInlineQuotes : false,
				showTableChart : true,
				showFutureChart : false,
				showTickerChart : false,
				showTickerNG : false,
				showTableChartNG : false,
				chartApiUrl : '//api-chart.cnbc.com/api/chart/chart.asp',
				quoteService : '//quote.cnbc.com/quote-html-webservice/quote.htm',
				quoteServiceParams : 'requestMethod=quick&exthrs=1&noform=1&fund=1&output=jsonp&symbols=',
				partnerId : 2,
				quoteUrl : '//quote.cnbc.com/quote-html-webservice/quote.htm' + '?partnerId=' + 2 + '&' + 'requestMethod=quick&exthrs=1&noform=1&fund=1&output=jsonp&symbols=',
				futureQuoteUrl : '//quote.cnbc.com/quote-html-webservice/fvquote.htm',
				futureQuoteParams : 'requestMethod=quick&noform=1&realtime=0&client=fairValue&output=jsonp&symbols=',
				futureUrl :  '//quote.cnbc.com/quote-html-webservice/fvquote.htm' + '?' + 'requestMethod=quick&noform=1&realtime=0&client=fairValue&output=jsonp&symbols=',
				settings : {
					streaming : true,
					streamingInterval : 10000
				}
			}
		}
    ,	    {
	moduleId : 'tabletFriendlyTouch',
	initOn : 'load'
}
    ,	    {
	  'moduleId' : 'lazyLoadFunctions',
      'initOn' : 'load'
	}
    ,	    {
                	moduleId : 'alerts',
                	initOn : 'load',
                	initData : {
                		alertInterval : 30,
						playerurl : '/watch-live-universal?forceStreamAkamai=true&premium=1&popout=true&autoplay=true&',
                        isMobile : false
					}
                }
    ,	    {
				moduleId : 'proAccountNotification',
				initOn : 'load'
			}
    ,	    {
    	moduleId : 'persistentSiteHeader',
    	initOn : 'load',
    	initData : {
    		product : 'web',
    		products : {
    			web : 'web',
    			mobile : 'mobile-touch'
    		}
    	}
    }
    ,	    {
	moduleId : 'lazyloadFragment',
	initOn : 'load'	
}
    ,	    {
	moduleId : 'lazyImageLoader',
	initOn : 'load'
}
    	]);
            

            </script>
        
		  <script id="javascript-lazy-loader" data-loader-url="https://js.cnbcfm.com/minify/js" type="text/javascript" src="https://js.cnbcfm.com/minify/js?modules=core&vn=520"></script>
		

        <!--  Scripts from the skin -->
                    							    		    			    				    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		       		    		    			    				    				
					    						    					      			       		       		    				
                <!-- End of Scripts from the skin -->

        <!-- Global insert_cmsfooter -->
        <!-- MPS Global Footer Insert BEGIN -->
<!-- Start BounceX Tag -->
        <script>
        (function(d) {
            var e = d.createElement('script');
            e.src = d.location.protocol + '//bounceexchange.com/tag/1021/i.js';
            e.async = true;
            d.getElementsByTagName("head")[0].appendChild(e);
        }(document));
        </script>
<!-- End BounceX Tag -->

<!-- Quantcast Tag -->
<script type="text/javascript">
$(document).ready(function(){
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: Quantcast - cnbc-global-footer-insert');
    if (window.mps) {
        var _qevents = _qevents || [];

        function nbcQuantcast() {
        var lb = "CNBC";
        lb+=(typeof mps.pagevars.cats[1] =="string" && mps.pagevars.cats[1].length > 0) ? ".Section." + mps.pagevars.cats[1]:"";
        lb+=(typeof mps.pagevars.cats[2] =="string" && mps.pagevars.cats[2].length > 0) ? ",CNBC." + "Sub Section." + mps.pagevars.cats[2]:"";
        return lb;
        }

        (function() {
        var elem = document.createElement('script');
        elem.src = (document.location.protocol == "https:" ? "https://secure" : "http://edge") + ".quantserve.com/quant.js";
        elem.async = true;
        elem.type = "text/javascript";
        var scpt = document.getElementsByTagName('script')[0];
        scpt.parentNode.insertBefore(elem, scpt);
        })();

        _qevents.push({
            qacct:"p-9eJ8k4iSzux46",
            labels: nbcQuantcast()
        });
    }
  });
 });
</script>

<noscript>
<div style="display:none;">
<img src="//pixel.quantserve.com/pixel/p-9eJ8k4iSzux46.gif" border="0" height="1" width="1" alt="Quantcast"/>
</div>
</noscript>
<!-- End Quantcast tag -->
<!-- START Parse.ly Include: DOM-Free -->
<script>
(function(d) {
  var site = CNBC_Settings.baseurls.cnbc_base_host||"cnbc.com", // replace with the domain of your site (e.g. parsely.com)
      b = d.body,
      e = d.createElement("div");
  e.innerHTML = '<span id="parsely-cfg" data-parsely-site="'+site+'"></span>';
  e.id = "parsely-root";
  e.style.display = "none";
  b.appendChild(e);
})(document);
(function(s, p, d) {
  var h=d.location.protocol, i=p+"-"+s,
      e=d.getElementById(i), r=d.getElementById(p+"-root"),
      u=h==="https:"?"d1z2jf7jlzjs58.cloudfront.net"
      :"static."+p+".com";
  if (e) return;
  e = d.createElement(s); e.id = i; e.async = true;
  e.src = h+"//"+u+"/p.js"; r.appendChild(e);
})("script", "parsely", document);
</script>
<script src="https://fm.cnbc.com/applications/cnbc.com/resources/files/2017/12/07/parsely_data_4.js"></script>
<!-- END Parse.ly Include: DOM-Free -->

<!-- AB Admiral BEGIN -->
<script id="ab-admiral">(function(a,b,c,d,e){e=a.createElement(b);a=a.getElementsByTagName(b)[0];e.async=1;e.src=c;a.parentNode.insertBefore(e,a)})(document,'script','//nervoussummer.com/40cad7fabed6c884e79a4e286d192a42212f95b4a2dcfe41771324064f6510a6d465b805e1308a6de2f29b32fce73dffe3ba2710980cb2e99b39d282fc0917');</script>
<!-- AB Admiral END -->

<!-- MPS Global Footer Insert END -->
        <!-- MPS ASYNC Application Component - Desktop Insert FOOTER BEGIN -->
<script type="text/javascript">
$(document).ready(function(){
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: cnbc-cms-footer-insert');
      //<!-- begin FRANCHISE ONLY Ad Refresh -->
      if (mps.pagevars.type == 'franchise' && mps.pagevars.hline != "US Homepage" && mps.pagevars.hline != "International Homepage") {
          if (mps._detect) mpsopts.activerefresh = 1;
          if (mps.pagevars.cats.indexOf('markets') != -1) {
              mps.refreshAdsInterval(120, ['topbanner', 'topflex']);
              window.console && console.log('--[executed]--> MPS Set Ad Refresh (120s)');
          } else {
              mps.refreshAdsInterval(60, ['topbanner', 'topflex']);
              window.console && console.log('--[executed]--> MPS Set Ad Refresh (60s)');
          }
      }
      //<!-- end FRANCHISE ONLY Ad Refresh -->
      (function() {
          if ('mps' in window && mps.pagevars && CNBC_Settings.templateName == 'slideshow_one_page') {
              setInterval(function() {
                  mps.refreshAds('topflex');
              }, 60000);
          }
      })();

      //<!-- Global Web Index: BEGIN -->
      (function() {
          var js = document.createElement('script');
          js.src = '//gwiqcdn.globalwebindex.net/gwiq/gwiq.js';
          js.type = 'text/javascript';
          js.async = 'true';
          js.onload = js.onreadystatechange = function() {
              var rs = this.readyState;
              if (rs && rs != 'complete' && rs != 'loaded') return;
              try {
                  mps.gwiqSect = mps.pagevars.hline.replace(/\s+/g, "_").replace(/[\W]+/g, "");
                  gwiq.asyncjs("cid=c0234&section=" + mps.gwiqSect);
              } catch (e) {}
          };
          var s = document.getElementsByTagName('script')[0];
          s.parentNode.insertBefore(js, s);
      })();
  });
});
</script>
<!-- Global Web Index: END -->
<!-- Sharethrough Load: BEGIN -->
<script type="text/javascript" async defer src="//native.sharethrough.com/assets/sfp.js"></script>
<!-- Sharethrough Load: END -->
<!-- MPS ASYNC Application Component - Desktop Insert FOOTER END -->
        <!-- End Global insert_cmsfooter -->

        <!-- Wires Redirect Popup -->
        

        <!-- End Wires Redirect Popup -->
        

    </body>
</html>
