Really not sure who doesn't get it. When demand exceeds supply, prices
go up and the price of crude has been on a skyrocket.

The process is sequential - crude to refining to distribution. If any
single step is broken, output stop. The AP reports the Coast Guard says
20 oil rigs and platforms are missing in the Gulf of Mexico. Unless they
were drilling for ice cream, methinks there will soon be a crude oil
shortage.

"Mike Rapoport" wrote in message
ink.net...
You don't get it. There is more loss of refining capacity along the
Gulf, than loss of production capacity in the Gulf. There is an
EXCESS of crude supply along the Gulf.

Mike
MU-2