What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers.
We expect (the supply situation) to remain that way for the next several weeks.
Ethanol supplies are expected to remain tight and increased possibility exists for regional short-term supply disruptions and price volatility.
Demand is up, supply is not rising fast enough to keep prices down, so the only relief valve is price.
There's very little upstream capacity. We're still living in a disrupted world oil supply environment.
The market is so tightly balanced, clearly, we can't afford to lose a large supply of crude to the market.