Rita is about to become a hurricane and the oil markets took it from the open and just went nuts...up $4 on crude. Natural Gas soared 15% and Gasoline up 25 cents...what a day!

MLPS are mostly higher. Atlas Pipeline Partners is + 1 with fractional plusses pretty much across the board. ATLAS the parent is up 2.59 to 51 bucks...not bad from a 20 dollar ipo a year ago!

Rita will be in the Gulf of Mexico tomorrow and headed for major hurricane status. If we take out the refineries in texas this time....we could see $4-5 dollar gasoline at the pumps!

Teppco had a fire in Ohio...one person killed. No other corporate news today...its oil and gas and sell everything else.