17 Quotes by Adam Sieminski

The potential for a cyclical downturn in 2008-09 -- or sooner if we have a global economic recession -- is realistic.

We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term.

Let's get the high-consuming cars off the road, start paying for them and recycle them -- put them in a crusher.

One-third of the production in OPEC is deteriorating and doesn't have very good prospects of improving in the short run.

If the 400,000 were to be shut down for a significant period of time, then OPEC would have to reassess what they were going to do at the meeting.

There is still a great deal of damage that will keep natural gas and refined products tight for the next few months. The next move will be back up.

We should have an overall higher level of distillate product - This should give the industry a breather.

We should have an overall higher level of distillate product -- This should give the industry a breather.

Crude oil isn't the problem right now but may be in a few weeks. The helicopters that are needed to get repair crews on the platforms are busy saving people from rooftops.