105 Quotes by Jason Schenker

This is a situation where you've got a lot of supply on hand, leading to a drop in prices.

They're supplying the market the best they can, but they have very little impact on global refinery capacity and very little impact on geopolitical events.

American drivers have the capacity to handle higher fuel costs. With the economy in good shape, it is tough to believe people will stop driving because of an extra 50 or 75 cents per gallon.

The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.

A correction seems likely if we don't see a further intensifying of the geopolitical crisis. There will have to be further headlines for prices to move higher.

I totally expect to see $50 a barrel, at least in a spike to that level, at some point in the near future. We've been in an upward trend for several years, and I really don't see any indication of a reversal of that trend. $50 a barrel is a completely rational expectation.

It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.

It's tough to blame (OPEC) for higher oil prices. I think they're doing what they can.

The bigger question is does OPEC have excess capacity that it can tap into in the longer-term, ... It appears they're unlikely to raise their quotas, and that's not going to assuage market concerns about their capacity.