Scary Oil Stats for Tuesday

The Wall Street Journal Reports: More than half a year after the 2005 hurricanes, almost 23% of oil output in the U.S. Gulf is still shut down -- about 340,000 barrels a day.

From the same article:

"OPEC looks in pretty bad shape right now." Officials of the Organization of Petroleum Exporting Countries have acknowledged there isn't much they can do right now to boost supply. Led by the Saudis, the cartel is pumping close to flat out.

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