Famous Quotes & Sayings

Record crude prices usually mean record trade gaps. Nobody sees relief on the energy front any time soon.

SPR was put in place specifically for this kind of an event -- something that interferes with flow of crude oil through our refiners and then to our citizens,

Alan Stern

Out Earth-based observations are still too crude to tell us much about what we'll see when we finally get there. We still don't know what we don't know about Pluto.

Physical pricing knowledge in crude and refined products represents the keys to the castle.

We need some help from gasoline before crude oil can pick up.

We now think that (U.S.) crude oil could reach $61 before a meaningful sell-off occurs. Long-term price patterns point to even higher prices.

I think crude has been overpriced for the last 12 to 18 months. I think all parties understand the situation. They're going into a seasonal increase in the fourth and first quarters, and they're anticipating an increase in demand.

I think two factors to look at in considering the rise are crude oil prices and gas demand.

It is now time for the government to take stock of the havoc that is being wreaked by crude cuts to key public services and to seriously think again,

It is in Denver's interest to have a functioning refinery. It is good for the local economy and good for the crude market here.

Later reports suggested they (Saudi forces) foiled the (attack) attempt, but you still have crude oil up over $2 a barrel.

I wonder why that's so low, given the imports of crude that are just booming. Maybe it's going into some new government inventory stash.

It doesn't matter how much crude you pump in, you won't have a meaningful effect on prices if you can't get refined product out,

It all depends on what happens with crude oil prices.

Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.

Ben Bernanke

Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.

Given the crude price hikes, pump prices should top $3 a gallon in the next week or so.

Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.

From a purely fundamental basis, the market shouldn't be within $20 of the crude price that we're seeing. But people are reluctant to sell.

Fuel prices have become particularly unstable in the past few weeks. Worries about the security of crude oil supplies are pushing prices up while growing domestic inventories of domestic crude oil and refined products are pushing prices down.

James Williams

Katrina has already had twice the price impact of Ivan on crude oil.

I think it is easily conceivable that we could see crude futures hit $70 this week.

It can't last, ... Wholesale gasoline prices are already responding to the crude oil price hikes, and are on the way up, so a turnaround at the pump can be expected fairly quickly.

It ain't looking good. All the indicators that point toward the ultimate price of gasoline are negative . The only positive indicator is the stocks of crude oil are good.

I think the price of crude is still dominating the minds of investors.

Having more or less traveled together, refined products and crude have become disconnected in recent weeks.

I don't think we're going to see a return to pre-Katrina levels for gasoline prices even with crude prices holding steady.

We may see prices even higher because of the hurricane. I don't think we've seen the end of record crude prices.

If we had a wide-scale and prolonged freeze, we could have big stock draws and price spikes. There isn't any shortage of crude in the market, the problem is getting it refined into heating oil and gasoline.

James Williams

If this Russia/Ukraine problem reduces natural gas to Europe there will be some fuel switching there. Higher demand in could Europe drive up crude prices worldwide.

We're now starting to see that demand is steadily improving. There's going to be stronger demand for heating oil and crude futures are starting to reflect that.

Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.

Dominic West

I'm a rather crude cook.