Drastic measures were needed to anticipate the erosion of their stocks. Latin America is a weight on the stock at every turn.

Some assets were impacted for six to nine months from Ivan last year because things like underwater landslides affected pipelines once the storm had passed. Shell is taking the brunt of the storm this time.

There's a lot of nervousness in the markets already, but what do you get nervous about now. The fact that tankers aren't being used as much as last year implies that supplies are getting through.

60 million barrels is good for the short term, and if it's needed, they'll release more. It has been proven that production after a hurricane can be recovered in a time frame from a few months to a year.

We're going to be very deliberate about this. We're not in the game of running a smear campaign against individuals, but we do believe accountability is a central issue.

We've gotten to a level where the price is beginning to impinge on economic growth. People are starting to worry about a slowdown.