Union Dockworkers Strike May Eventually Disrupt Oil and Gas Industry

📆 10/3/2024 10:32 AM
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While the ongoing union dockworkers strike is not immediately impacting the oil and gas industry, experts warn that prolonged work stoppages could eventually disrupt supply chains and lead to shortages and price hikes.

The union dockworkers strike that began early Tuesday impacting dozens of U.S. ports is not expected to disrupt the oil and gas industry right away, but experts say that will eventually change if the work stoppage lasts long enough.

"The possibility that factories may shut down because of the strike will also reduce demand for oil and could lead to a larger U.S. recession, further hampering demand."US PORT WORKER SPEAKS OUT ON THE PICKET LINE: ‘WE’VE TAKEN LESS THAN WE'VE DESERVED IN THE PAST'The International Longshoremen's Association , which represents 45,000 dockworkers, began its first strike since 1977 after its six-year contract with the U.S.

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Union dockworkers strike raises concerns about potential oil and gas industry disruptionsA union dockworkers strike that began at dozens of U.S. ports on Tuesday has raised concerns about potential disruptions to various industries, including oil and gas. However, the Department of Energy (DOE) has assured the public that crude oil, gasoline, and other liquid fuel exports and imports are not immediately impacted.
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