The weekly “This Week In Crude Oil Report” was just released. There should be an article tomorrow, dealing with the specifics of Harvey. The chart does not give a true picture of Harvey as some information on my chart is averaged over 4 weeks. Crude Oil... Production was slowed by 5.6M barrels, largely due to platform shutdowns, shipping stoppages, etc. Crude Oil imports slowed a whopping 6.3M barrels, due to shipping, etc. Crude Exports stalled by about 5.4M barrels as well, so the net was -6.5M barrels, yet the inventory increased roughly 5M barrels. Deduct about 280K barrels that were released from the SPR and the net inventory was 4.73M barrels. Not surprising if refineries can't operate. Refineries nationally operated at just 79.7% last week, with the Gulf region at 63.4%. The previous week had the nation's refiners at 96.6% and the gulf region at 96%. The 79.7% national is the lowest since Hurricane Rita in 2005. Gasoline... Inventories fell about 3.2M barrels. Gasoline exports declined by 2M barrels. Gasoline imports fell by nearly the same amount. Gasoline supply is ahead of year ago levels of consumption, just not in the right places. Remember the Colonial pipeline was shut down for a few days and it supplied the east coast. The east coast supplies were a bit tight ahead of that and are now about right for mid winter consumption, especially in the mid and lower Atlantic. The overall numbers indicate we have plenty of crude and gasoline/diesel, but burrowing down suggests that are potential shortages in some areas. It would be akin to having a water main in front of your house broken and being told the water towers are full. What good is that information to you?