I waited until today to start the "petroleum supply recovery" article I am working on, figuring that most of my contacts would have had time by now for things to settle down after katrian, have some time to speak and have at least some idea on refinery and pipeline recovery, local marketer/retailer recovery, etc.
Well, many contacts are based in Houston so they better be hauling out bellybutton of town and any revovery projections that would have been developed are out the ****ing windown right now. A lot of our non-Katrina impacted refining capacity in the Gulf is located in the anticipated path of Rita. If this thing doesn't do a 180 or drop three catagories in strenght it's going to be really really bad. In human terms, of course, as it would be if the hurricane hit anywhere on the seaboard. From an oil industry, debt and economy perspective... Let's hope for the best.
Charon