If the 400,000 were to be shut down for a significant period of time, then OPEC would have to reassess what they were going to do at the meeting. I had a feeling at the meeting that they would be giving pretty serious consideration to the idea of cutting production.

Adam Sieminski

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The biggest impact may be damage to the port facilities south of New Orleans. We have no way of knowing now how badly they are damaged.

— Adam Sieminski

The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.

— Adam Sieminski

Maybe what we need is surreptitious federal regulation that forces gasoline prices up for good reasons that politicians can explain.

— Adam Sieminski

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— Adam Sieminski

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— Adam Sieminski