Joe has some new buys in the energy patch and you're focused on the refiners. >> Yes, I'm just trying to find some opportunities in a market where I currently don't have exposure. We're coming into a seasonally strong period.You're coming into the hurricane season and there's also been a very strong outperformance when you look at the spread between reformulated gasoline, heating oil relative to crude oil. Crude oil is down 5% year to date, but get reformulated gasoline and heating oil are both higher. So, ...

We've been watching a big developing story in the oil market today. So too is Mark Fiser. He joins us now on the CNBC News Line.Certainly one of the most astute energy traders ever. So through the traders eyes here, Mark, and a good one at that. What are your thoughts as you watch what's unfolding there.Well, Scott, there's too much, you know, uncertainty obviously. Um there's too much asymmetry up or down to really do anything. I mean the everyone's antenna was raised about, you know, a couple weeks ago wh ...