Some of those refineries in Texas, they're at sea level. It's a table top, it floods every easily.

That's the last thing we need is to see another refinery shut out. We have a tight situation without this storm existing and now you add to this another storm, that could cause financial devastation.

If this thing knocks out significant quantities of refining capacity ... we're going to be in deep, dark trouble.

Everyone is lowering their expectations for demand. It's taken the urgency out of the market.

This is February weather in December.

Speculators are tripping over themselves to get out.

That's very bearish, ... The imports are higher than we anticipated.

The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes.

I think we're going to go back and test the recent high of $70.85 [for crude oil], ... And it should happen well before the storm makes landfall.