Its beginning to become obvious that Katrina has at the very least damaged the oil and gas industry enough to produce long term impacts. 10 percent or more of the US refining capacity is out. What is the point of OPEC and other producers putting more oil on the market if there is no way to get it here. The Louisiana terminals that handle nearly 20 pct of what is shipped here are damaged. The crude oil market has grasped this...up 3 dollars to over 70. Natural Gas also at all time highs. It would seem to me that the companies that have working undamaged pipelines will see a boost to their volumes and those companies should do well. Teppco said yesterday they're fine but i've seen no other specific news among the MLPS. Kerr McGee has restarted production in the gulf.

Here comes $3 gasoline! Futures soaring and they even had to halt trading for 5 minutes.

No other company specific news. XOI+15, XNG +5...DOW -80