Re: "Thus the rate at which the rebound will occur is now likely to slow considerably, since the resources to achieve the response are few and already over-stretched."

That's putting it mildly, don't you think, HO? Understatement is always best, I suppose. People don't panic or freak out or go crazy, do they? Given "we may still [will] lose some [a lot of our] ability to import oil, as well as, with the loss of refineries, the [~25 % of our] ability to process it".

But, we'll hope for the best, won't we?
I was actually quite pleasantly surprised at how fast they were able to reopen the passage for tankers up to the refineries higher up the river after Katrina.  I had expected that this would take some weeks with a resulting significant impact on the gas supplies in South Florida (which is tanker supplied out of NO).  However with the rapid clearing of a channel (and possibly a little help from Europe) the Florida problem that was anticipated has not arisen.

Thus I am a little cautious about being too vociferous in my concerns, since there are a lot of people running themselves ragged trying to solve these problems as they arise.  (I am reminded that necessity is the mother of invention). But it will be interesting to see, if they have refinery problems in Houston, whose apple is pulled from the bin to feed Washington.