The bulk of the replacement in the last three years was through acquisitions. The easy oil has been discovered.
I will say it will bring gasoline prices down substantially within two to three weeks. I would say by 20 cents at least or even more.
There are mandatory evacuations in the Galveston area, and most of the operating companies near Texas City are preparing to shut down completely by this Friday. They believe, at best, they will be shut down for three days, maybe as long as a week.