http://edition.cnn.com/2006/US/08/06/oilfield.shutdown.ap/index.html

That's not good.

"The U.S. market is actually well-supplied; crude inventories are very high," he said. "So while this won't have any immediate impact on U.S. supplies, the market is in very high anxiety. So any significant disruption, traders will take that into account, even though there is no threat of a supply shortage."
this quote is everything that is wrong with the futures market

Boo to the delusional fucks who think this stuff will never run out. Kind of ironic that this news comes out the day after I start reading S.M. Stirling's Dies the Fire (http://www.sfreviews.net/diesthefire.html).