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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (171090)	9/21/2005 9:13:55 PM
From: bentway	Respond to of 281500

I don't know enough about the structure of our oil industry to say. We just imported 1/3 of our oil before this hurricane season. If our remaining refinery capacity exceeds our remaining domestic production, you're right. If the domestic production has been so crippled by these hurricanes that it can't meet the current refinery demand, you could be wrong. The gulf platforms are a huge part of our current domestic production, with each one drawing oil from multiple wellheads beneath the gulf. Time will tell. Check the price of oil tomorrow. The traders know more than either of us.