The Incremental Realities That Will Take Us to $80 oil…

Heading Out writes from his Alaskan vacation: “It is also almost certain that production in the Gulf will be constrained at some stages during the current hurricane season, and that damage to platforms, and hence production, will occur. Not, probably, in a single massive blow, but rather with a loss here, and a delay in repair there, we can very likely lose about half-a-million barrels a day for a significant spell through the fall, right at the time of peak demand.

These are the incremental realities that are going to get us up towards $80 oil, but without developing a new enemy that can be immediately pointed to and used as a whipping boy to shift attention from the failures, or to prepare us for this approaching cold shower.”

More after the jump at The Oil Drum.