Larry Goldstein
Larry Goldstein
bring brunt cannot demand destroy environment full impact market negative price supply
We're going to have to take the full brunt of the negative impact in the marketplace, ... In a market environment you cannot have an imbalance between supply and demand, so price is your rationer. ... The price has to go up enough to destroy enough demand to bring things back in balance.
market time
The one thing the market doesn't have is time and the administration reacted expeditiously this time. This was good.
crude defense drawing last left line price spare
The first line of defense used to be drawing on stocks, and the last was price. Today, there's not enough spare crude or refining capacity. So, there's only price that's left as the defense mechanism.