It's more of a feel-good bill than anything else. The bill does nothing to reduce our dependence on imported oil and the only winners will be those that benefit from high energy prices.

The real issue is offshore production.

The markets will treat it like it's Tyrannosaurus rex, but bigger.

I hate to be an alarmist, but we're in a situation without much precedent. With the gasoline market as tight as it is, people complain about $3 gas but they'll put $5 gas in their car if they suddenly think it's not available.

It's going to be tough to build products with the number of refineries off line.

There's a fair amount of visibility that the refineries that haven't come back on yet will be down for a while. That makes the market nervous.