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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... |
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