Jamal Qureshi
Jamal Qureshi
hard incentives people price run
People are going to run as hard as they can. The price incentives are there.
starved
Even if the refineries are OK, they could be starved of their imports.
blew doubles hole katrina problems product rita serious
Katrina blew a big hole in the product market. If Rita doubles that, we are in for some serious problems.
chinese crude flows happy impact iran iranian major oil sanctions
I think sanctions that impact oil flows from Iran are very unlikely. The Chinese are major importers of Iranian crude and they would not be too happy to see that.
framework legal stable until
You don't know the legal framework that you are working under. You won't have that until you have a stable government.
kerry likely petroleum
Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy,
closer demand faces high hold imported key people political problems purchasing serious several stability supplies
We're in a world that faces serious problems with political stability in several key regions. People want to hold more supplies closer to home, and that's going to keep demand high for purchasing imported barrels.
ability
We are really narrowing our ability for an import bail-out.
arabia
This really comes down to what can Saudi Arabia do.