Famous Quotes & Sayings

Jim Jackson

I'm still in a state of shock. And now we're staring down the barrel of condemnation.

Our position is that we must evaluate a cut of between 500,000 and one million barrels per day (bpd).

Paul's form of the last six weeks has been pretty impressive. He stood up there and played well in big high-pressure games. He's been playing, as the whole team have, with a barrel of a gun facing them for six weeks. We need to pick our form players and those who have played in the intense games.

World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.

Today there is a very thin layer of insulation in the oil market amounting to approximately one million barrels a day, meaning that every small disruption, be it a hurricane in the Gulf of Mexico or riots in Nigeria or instability in the Middle East, immediately creates a rise in prices. This situation will be with us for a long time because there is no new spare capacity. Building spare capacity requires an investment of billions of dollars to create infrastructure that may sit idle most of the time. Nobody will invest on those terms,

We have all the usual events like bull riding, steer riding and barrel racing. But we also have the camp events, that are just fun, like a Wild Drag Race and Goat Dressing.

We believe the equilibrium price of crude oil has risen from about $20 per barrel during the 1990s to at least $30 during the current decade. The fundamentals are solid for the energy sector. Energy represents 6 percent of the S&P 500 market cap -- in our opinion it should be double-weighted.

Kyle Cooper

We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.

Charles Schumer

We have more oil in the Strategic Petroleum Reserve than we've ever had. It's full. And using about 30 or 40 million barrels for a few months to get the prices down will not hurt us strategically,

We're working to put those barrels in place in the shortest time possible

We estimate that 1.8 million barrels per day of consumption must be squeezed out next year through the impacts of higher prices.

Claude Julien

We really scraped the bottom of the barrel with our short bench. We needed a win to make our week a little happier.

We are trying and we continue to try. We have increased oil production to over 10 million barrels a day.

When the barrel prices go up, the prices at the gas stations go up. And you know the fuel at the tank was not purchased at the higher price.

You don't burn a barrel of oil. You burn the products that it makes.

The $100 barrel price is very much wishful thinking on Venezuela's part.

The push-up (in oil) was enough to scare some people with geopolitical unrest overseas, but it's a long day. Sixty-two dollars a barrel is probably the level where you start to see some effects on equities.

We continue to believe that fundamentals of supply and demand will be in play, bringing oil prices down to approximately $35 per barrel by the end of this year, and to $25-30 per barrel in 2005.

Eric Williams

We provide 50,000 barrels of oil a day to the region and it is unclear how Trinidad and Tobago will fit into this agreement. We have been having cordial discussions with other member states and will continue these discussions at the meeting.

Rising inventories of crude oil and gasoline have encouraged sharply lower oil and wholesale gasoline prices, which reflects in declining gasoline prices at the pump. Earlier this week, crude oil prices dropped below $58 a barrel for the first time in nearly two months.

Brian Toner had a great day today. Brian Smith got the barrel through the ball, Minogue got a couple hits, and we needed everyone of them today. It was a hitters day, tough for the pitchers to establish their breaking balls.

The market looks well supplied, in fact oversupplied, by 2 million barrels a day. We believe OPEC has to be ready to cut, maybe now in this meeting, maybe at the next meeting.

Mike Fitzpatrick

The market has been kind of playing Russian roulette with the weather, ... If the weather stays mild and continues to cooperate, $55 to $56 a barrel is probably reasonable.

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

The market is reacting today as if oil at less than $74 a barrel is a bargain.

The market is overstressed ... this means we have to cut around 500 000 barrels a day.

The market is extremely hesitant to go below USD60 a barrel and that is because of the Nigerian outages for the most part.

The market is extremely hesitant to go below $60 a barrel and that is because of the Nigerian outages for the most part.

As a unit we have to try and find ways to make things come together. We try to have fundraisers and whatever money we raise, we save because every penny counts. We seem to always be scrapping the bottom of the barrel but the bottom line is that we want to make sure that we represent the country well, competing internationally.

Our decision is in place, up until now we will still increase by 500,000 barrels a day from August. This decision is still valid.

The move up in crude oil price from $12 a barrel to nearly $31 a barrel has been really positive for oil stocks, ... The Fund that we manage has responded well to that. Every time oil prices fluctuate - retreating, and then moving back up --- that helps oil stocks.

The oil prices will break through 80 U.S. dollars per barrel recently.

After each heat, we're able to quickly turn the barrels up and dump the debris, filling them up and setting them down for the next round,