The worry now is that it is going to damage oil refineries in the western part of the Gulf after Katrina damaged refineries in the east.

Iran is a worry, but I have a lot of worries in the oil market right now. There are many economic and geopolitical question marks.

Oil prices could be a worry. We're not at the stage of a serious rise (in oil prices), so the impact is not so great yet, but the worry of more terrorist attacks is there.

The biggest thing I worry about is the unsubstantiated story. You have to tell the people what you know -- and acknowledge what you don't know.

They (oil companies) have become financial engineers rather than petroleum engineers. I'd like to see them show a little more effort in the development side internally than they have lately.

Seasonal factors, combined with additional production expected by OPEC, should bring oil prices back down to the mid-20 range by mid-summer.