22 Quotes by Peter Gignoux

By having a diplomatic meeting, they're ratcheting OPEC up one notch from a producers' cartel to a quasi-diplomatic organization. It's a rare occurrence,

The market simply thinks that there's not enough oil on the market and is theorizing that were going to see continued high levels of consumption.

The market is reacting to Richardson's announcement. By putting more barrels on the market, it immediately alters U.S. crude oil inventories.

The last time the U.S. was engaged militarily in Iraq, oil prices shot up to about $42 a barrel,