Good Morning.

We have crude up this morning as well as natural gas. Waiting for all the informantion to come in about offshore rigs. But as econobrowser points out this morning, the effect on gasoline and natural gas will be far greater than on crude. Worth the read.

Valero says its Louisiana refinery will be out for 2 weeks. And Forbes has a piece that the impact from Katrina will be felt for months. Bloomberg has a story about rig impact and undersea pipelines. CBS news has several oil related stories and videos.

Market about to open...