David Pursell
David Pursell
amount fair market visibility
There's a fair amount of visibility that the refineries that haven't come back on yet will be down for a while. That makes the market nervous.
call failure happened
I wouldn't call this a failure, but if it happened routinely, we'd have a different discussion.
car complain gasoline hate market people situation suddenly tight
I hate to be an alarmist, but we're in a situation without much precedent. With the gasoline market as tight as it is, people complain about $3 gas but they'll put $5 gas in their car if they suddenly think it's not available.
bad educated news taking time
It's taking a long time to get the answer. Educated guess: No news is bad news.
possible
It's possible (we'll see $4), but I don't think so.
benefit bill dependence energy high imported oil reduce winners
It's more of a feel-good bill than anything else. The bill does nothing to reduce our dependence on imported oil and the only winners will be those that benefit from high energy prices.
build number products tough
It's going to be tough to build products with the number of refineries off line.
driving energy environment factors gasoline market situation uncertain
We've got a very uncertain geopolitical environment, and we have an uncertain gasoline situation in the U.S., and all those factors are driving the energy market higher.
couple damage days information meaningful until vacuum
We're in an information vacuum because it's going to be another couple of days until we get a meaningful damage assessment.
consumer energy gasoline pay smiling
As a consumer you're going to pay more, but as an energy investor, you're going to be smiling as you put $3 gasoline in your tank.
driving gasoline higher looks market season summer
For now the gasoline market looks OK. I'm not going to say the summer driving season is not going to see higher prices. I think there's a lot of uncertainty.
markets treat
The markets will treat it like it's Tyrannosaurus rex, but bigger.