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  #9  
Old September 1st 05, 08:00 PM
Darrel Toepfer
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sfb wrote:

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.


The LOOP system is offline due to power requirements. Once power is
restored and suitable destination is available the supertankers can
start offloading. That suppliments offshore production, does nothing for
increasing refining capacity...