23 Quotes by Guy Caruso

There's very little upstream capacity. We're still living in a disrupted world oil supply environment.

In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.

Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,

The market is so tightly balanced, clearly, we can't afford to lose a large supply of crude to the market.

The main factor is increased demand, not only in this country but on a global basis.