Dan Pickering
Dan Pickering
attacks concerned economies lower mean might people
You have two conflicting forces. People might be concerned about what the attacks will do to Europe's economies and if that will mean lower demand.
companies determine next phase wondering
We are still in the soap-opera phase where everyone is still wondering what is going on. The next 24 to 48 hours, as the companies get out to see if there has been any damage, are really going to determine how significant this is.
appears associated bad behind majority news percent permanent production stuck
No news is bad news. Only 10 to 15 percent of (Gulf of Mexico) shut-in production is associated with permanent damage, so majority appears stuck behind infrastructure.
amount business doubt huge iraq oil
There is no doubt that if Iraq torches oil wells there will be a huge amount of business for these companies. But this is a very speculative investment.
according bit bring emergency faster learning shut
That's important because if you shut them down according to a plan, then you can bring them back faster than if you do an emergency shut down. We are learning a little bit from Katrina. We are more prepared.
chance definitely good
I think we have as good a chance as anyone, but we're definitely not the favorites.
filing gasoline handle meant system tank
Our gasoline system is not meant to handle everyone filing up their tank at the same time.