Sorry for the light blogging today...had to work and had little computer access so i'm playing catch up.

Look for Hurricane Rita to reach category 4 status tomorrow and the threat will be to the texas coast. The question is will it be far enough east to effect and take out refineries rigs and all the rest in west Louisiana (25% of us refinery capacity) or track west up the Houston ship channel and shut off 14 %. Better idea tomorrow but we may not really know until late thursday. One of the evening computer models which is out after the hurricane center advisory time bends the track further northeast between Houston and Port Arthur. But this is one models solution.

Meanwhile Buckeye climbed back to near 48 on unispiring volume....had the feel of an oversold bounce. Markwest up 2 and change on buying gas properties. ATLAS down 1.42 after being up nearly 3 yesterday as it moves with nat gas.

After hours crude and natural gas are higher...unleaded gas has come off its after hours high.