Guy Caruso
Guy Caruso
largest midwest region suffer
Probably, the Midwest region will suffer the largest increases.
arabia concerns specific
I don't have any specific concerns about Saudi Arabia at this time.
arabia barrels continue million outlook per spare tight
In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.
compared expect last price winter
Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,
ethanol exists expected increased price regional remain supplies supply tight
Ethanol supplies are expected to remain tight and increased possibility exists for regional short-term supply disruptions and price volatility.
disrupted environment living oil supply
There's very little upstream capacity. We're still living in a disrupted world oil supply environment.
demand fast prices relief rising supply valve
Demand is up, supply is not rising fast enough to keep prices down, so the only relief valve is price.
adequately best continue demand determine market needs therefore view wants
I think our view is the market needs to continue to be adequately supplied. There is a lot of uncertainty about demand and therefore it's best to let the market determine how much it wants to take up.
apparently curb high price travel
Apparently the price isn't high enough to curb non-discretionary travel.
crude demand extremely happening market oil partly pressures prices reading supply tight
What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers.
expect next remain several supply
We expect (the supply situation) to remain that way for the next several weeks.
capacity couple months next productive until
We think productive capacity will be there in the next couple of months until 2007.
meet
We think that terminals already under construction will be enough to meet our projections.
predicting saying
We're not predicting that we're just saying that's possible.