Oil Crisis

After a Category 5 Hurricane destroyed oil refineries in September '05 and wiped out many drilling platforms and pipelines, hard times have come upon the U.S. and China. Not only did this crisis begin an economically rough time, but along with the accomplice of the terrorists attack to two key oil installations in Saudia Arabia. The refinery in Saudia Arabia just happened to be the world's largest supplier. With these two hard hits we are needing to consume more oil than is able to be provided. Not only does this effect the extremely high gasoline prices, but the inflation of food costs as well due to the delivery trucks needing to purchase more gasoline to make the deliveries. Is this a problem that the U.S. and China can fix or will this be the beginning of the drawn out battle?