Famous Quotes & Sayings

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.

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.

Vagit Alekperov

Today, crude oil is sold at the price of the Urals brand, and in terms of quality we have been losing big money. Given the oil directly reaches the final buyer, all that money will stay in Russia.

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

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

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.

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.

There is plenty of crude oil around, which makes geopolitical problems a lot less pressing.

Gary Ross

There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.

The particular type of oil being lost, light sweet, is much in demand. So we're actually seeing a real impact from the loss of that crude. Having said that, there is actually plenty of crude around. But a lot of it is heavy and sour.

This reduces fears about an Iranian crude supply cut and the market is just reacting to that.

To China, it is so important to secure its crude supply.

Unfortunately, a stronger economy may also signal that energy demand will increase, driving up the price of crude oil and gasoline.

The good news is that with the 30 million-barrel sale of SPR oil, I don't think we will have much of a deficit in crude oil production.

We've now known for 31 years since the first oil embargo that Hawaii's precarious position as the state most dependent and exposed to foreign crude oil is unacceptable.

Why should people hold crude in tank farms if they think the price is going to come down?

We had a big spike early last week with crude at a record and the heat in Texas. It shows that even with this huge supply, people are still feeling pretty vulnerable about things like heat and hurricanes.

This supports our view that crude prices will soften as we move through the summer months.

There is no problem with crude supply. Prices do not depend exclusively on OPEC,

Until the uncertainty regarding crude oil prices can be stabilized, it's hard to see the market going anywhere.

E. B. White

OPEC is keeping it from going any higher. But we've risen on Nigeria. Nigerian crude is light, sweet crude. It tends to be in short supply.

Over the past few weeks, crude prices and gas futures have dropped and increased and dropped. Until crude oil prices start to drop significantly -- and it's hard to figure out when that's going to happen -- I don't think we're going to see gas prices dropping.

Overnight the market priced in a catastrophe, but it doesn't look like that's actually what happened - especially on the crude side,

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.

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.

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,

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 all depends on what happens with crude oil prices.