Bad News Bad News

So what would you like first? Our blood brothers over in Saudi Arabia announced a few hours ago that they would increase production by 200,000 barrels a day starting in July. What swell guys. Bloomberg just reported that Chevron, because of an attack by Nigerian terrorists, just shut down their pipeline. The pipeline was blown up. Chevron expects 120,000 barrels per day to be halted. You can’t make this stuff up. So I guess we are net 80k barrels ahead.