69 Quotes by David Thurtell
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- Author David Thurtell
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The only way we can avoid yet higher prices is if President Bush releases supply from the Strategic Petroleum Reserve.
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There are worries about demand going forward, but in the overall scheme of things, oil prices are still exceptionally high and are still vulnerable to supply hitches.
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We're just going into the peak season. Anything that is going to disrupt supplies is very unwelcome.
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Let's not forget that refining capacity in the U.S has been severely knocked out by the hurricanes, which hit the Gulf Coast in September.
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Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.
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People will start to pay attention to peak demand looming, with heating oil a worry.
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If we could get a decent drop of rain everything would be absolutely humdinger.
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I'd be surprised if oil ticks much lower, stocks are good but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
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I'd be surprised if oil ticks much lower. Stocks are good, but you only have to have Iran start to threaten the loss of barrels. I expect the Iranians to take this to the wire.
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