Famous Quotes & Sayings

James Williams

Katrina has already had twice the price impact of Ivan on crude oil.

It ain't looking good. All the indicators that point toward the ultimate price of gasoline are negative . The only positive indicator is the stocks of crude oil are good.

Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.

Having more or less traveled together, refined products and crude have become disconnected in recent weeks.

I think the price of crude is still dominating the minds of investors.

We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that.

Physical pricing knowledge in crude and refined products represents the keys to the castle.

Subir Raha

The key reason for our increase in profit was global crude price volatility.

You've got an undercurrent of potential threats, in the broadest sense, to the crude supply and product supply that are going to keep markets weary. Unless there is a major surprise in oil stocks on the high side, it's going to keep prices underpinned at these higher levels.

Daniel Yergin

All the tensions and stress in the world's oil markets are flowing into the gasoline pump. The crude oil market is very tight, and a market that's this tight is vulnerable to politics, to hurricanes, to strikes and to emotions, and that's what we're seeing.

The geopolitical risks are still there. Because of these risks, I expect crude prices to rebound.

The economy seems to have completely absorbed high oil prices and people will be looking for steady economic growth next year. People expect a drawdown in crude oil stocks so they don't want to be short over the New Year.

The drop in crude oil was larger than expected, and that fueled buying.

The dichotomy in the US market between tight products and flush crude has become more pronounced.

The current price is much higher than it should be, since there is not a real crude oil shortage in the world market.

Michael Fitzpatrick

The current perception is that there is enough crude and heating oil around, thus the slide in prices.

The crude is available, ... If you want it, there it is.

The crude and gasoline numbers are a significant step higher in inventory,

To me, this looks like continuation of crude oil escaping the gravity of reality.

Scott Smith

Economic trends favor the occurrence of write-downs at other companies. Crude oil prices have been cut in half and product inventories (remain at record levels). The thing that I think is more telling is that (these companies) are taking write-downs now in anticipation that crude prices will be low for the next few years.

A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.

It's possible, but that kind of reduction doesn't protect us from supply disruption. If we don't import oil from Iran, if they removed themselves from the market, it would increase crude prices regardless of where we're getting our oil.

The nice thing about Nigeria crude is its high-quality crude.

It's difficult for me to envision (the OPEC offer) having too much of an impact. Crude inventories here in the U.S. are looking pretty good.

It's very simple. The energy market was up real strongly. That's part of it, as people consistently make the link between crude oil prices, inflation and gold.

Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.

Not a drop of crude oil production has come back in the Gulf. It's going to take weeks and maybe months rather than days to get the industry back on its feet.

It's going to see some more downside pressure later on this afternoon. Crude is looking at another build.

The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead.

All of the crude in the world does not turn the crude into product. It still has to be refined. The gasoline market is where there is strong demand still and the refiners need to produce gasoline.

The market is in a consolidation mode after recent gains. The rise in crude prices is also providing investors an excuse to sell.

A supply disruption in the Middle East would increase the price of crude everywhere in the world no matter where or how it is produced.

Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.