15 Quotes by Chris Mennis

If we get another increase in refinery runs like we got in last week's numbers we may get a sell-off.

Fundamentally, we do have enough oil right now, and we have enough products. We may not have enough in future if we get this cut-off because of possible economic sanctions against Iran.

I wouldn't be surprised if that $2.10 is the high for the week.

That arc is probably 600 miles. And Rita's going to hit somewhere in those 600 miles.

Where are we going to find another 30 to 60 ships?

We're not going to have anything firm from the UN on Iran, maybe for months. Tensions will stay high, maybe for two or three months, and that may drive prices higher.

Everybody expects it is going to be bad but nobody really knows. Guesses range from a draw of 10 million barrels on crude to 9 million barrels on gasoline.

There's still healthy demand in the oil industry.

There's less crude being run now through refineries than there is loss in production in the Gulf. We're estimating refinery runs are down about 2 million barrels a day while crude out of the Gulf is down a million and a half.