Famous Quotes & Sayings

We're giving the patient the wrong medicine. The problem is not the lack of crude oil.

Michael Fitzpatrick

The real dichotomy in this market is that crude inventories are very high and that could make for some violent, back-and-forth price action. For the foreseeable future, the path of least resistance remains up until there is a significant structural economic or political shift.

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.

We're not at gas prices that pose some kind of a tipping point. There have been botched forecasts of a recession at every $10 move (higher) in crude oil futures.

We have to see hard numbers on economic data showing there is some lift in the manufacturing and services sectors. The other trigger is very much Iraq -- if crude oil comes off significantly that should help the cyclical stocks.

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's difficult for me to envision (the OPEC offer) having too much of an impact. Crude inventories here in the U.S. are looking pretty good.

By and large you had this myriad of refinery news which supported the products and pushed crude prices up.

Any resolution to the gasoline problem won't occur in the short term. There's enough crude oil around. The problem is with refining and specifications.

As big as we are, we are only 3 percent of the crude oil production in the world.

In the short term, the main market problem at the refining level is the shortage of product, not inputs. It's mostly a problem of product (gasoline), not crude oil.

I'm surprised by the drop in crude stocks and the further decline in crude oil imports,

I'm not sure this is the start of a new trend in crude oil stocks and it probably reflects more of a desire on the part of refiners to limit the material they hold than it does a lack of supply,

A further deterioration of the situation in Nigeria, or escalation of nuclear brinkmanship with the Iranians, could push the (New York) price of crude further to 70 dollars.

Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.

The risk premium for crude oil just went up.

I think now that that is digested, people are looking at some reasonable values; our view is that crude oil prices are going to remain high.

Gas prices have gone up, but so have crude oil prices.

Gasoline supply and prices are driving things. The fall in crude stocks was a big surprise.

Gas is still taking a lot of direction from the crude market.

For nearly five straight weeks, the EIA stock report has now surprised the market with inventory numbers on the upside. As a result, prices for crude especially will revert to the lower numbers seen in December.

It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.

Declines in currency and crude oil prices spurred the rebound today. They are risk factors for exporters all the time.

Developing renewable energy is of greater importance given the price of crude oil on the international market has doubled since last year,

A drop in oil prices removes one of the few big negatives in regard to markets. It definitely helps sentiment seeing lower crude prices.

A supply disruption in the Middle East would increase the price of crude everywhere in the world no matter where or how it is produced.

As long as crude oil is still up in the high $50s, gasoline at the retail pump can't come down too much,

That should be a negative for crude prices -- excess supply with nothing to do with it.

The report was a big surprise. Crude oil seems very ample.

This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.

There's been a lot of damage to refineries in the region and that's the main concern. You can have as much crude as you want on hand but if you've got no way of turning it into product you do have a problem.

This is fraud. It is a crude violation of an election promise.