According to this Oil rig map Rita is barreling through quite a bit.. am i correct ????? http://gom.rigzone.com/rita.asp
When the rigs come back online, they'll be sending oil to a smaller number of refineries. I've heard that four refineries are still down as a result of damage from Katrina. Shell has a big one at Port Arthur that could be damaged by Rita. Exxon has a big one at Bay City, Texas. Conoco and Citgo have refineries in Lake Charles. Any of these or maybe all of them could be down for the next few days to a few weeks. The three or four refineries around Houston are likely down because of the threat of Rita but now are less likely to sustain major damage. They could be producing again in a few days.
This country needs more production and more refining. Unfortunately, we have a business climate that is hostile to both.
Bill