If there's significant damage done in the Gulf, there's going to be a supply impact on gasoline, diesel and natural gas.

It's potentially a bigger threat than Katrina because there is more refining capacity in the Houston area. This is a double whammy for the industry - it's an amazing thing to contemplate.

It's potentially a bigger threat than Katrina because there is more refining capacity in the Houston area. This is a double whammy for the industry -- it's an amazing thing to contemplate.

It's potentially a bigger threat than Katrina because there is more refining capacity in the Houston area. This is a double whammy for the industry it's an amazing thing to contemplate.

What's happened can be explained by the higher cost of crude oil, the difficulties in building new refineries and the disaster that cut right through the heart of the industry.

The ones that are not on yet are probably the ones that are going to require more time and attention. Now we are really getting into the tougher part of the job. I don't think that people really understand the magnitude of the damage that's been done.