Severin Borenstein
Severin Borenstein
money sell
They make their money the same way you make money when you sell your house.
anticipate below brought california natural paying port
(Liquefied natural gas) can be brought into a port at well below what California is paying right now for natural gas, and what we anticipate paying for many years to come.
anymore cars change cost decide drive driving gigantic mile people per rid subway suddenly work
It's not like this is a gigantic change in the cost per mile of driving your car. That's why you won't see many people get rid of their cars or suddenly decide they can't drive to work anymore or will take the subway or whatever.
high market oil prices telling
Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage.
depends entirely increase
It could increase vastly, but it depends entirely on policy.
gasoline high market oil
It's a world market for oil and that's why we have high gasoline prices.
bankruptcy company court issue legal liability ongoing responsibility
I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.
capacity compared crude demand growth high oil price primarily production rapidly recent risen short today
The world oil price has risen rapidly and is very high today compared to the recent past, primarily because demand growth has been very rapid, and crude oil production capacity is constrained in the short run.
address daily requires sacrifices
There has to be a recognition (that) we need to address this even if it requires sacrifices by individuals on a daily basis.
gasoline swimming
We're swimming in gasoline right now. But this is not a sustainable level.
becomes occur wealth
Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.
cities huge money price save shop within
The only way to save money is to shop around because even within cities there's still huge price difference, often 20 or more cents.