Guy Caruso
Guy Caruso
adequately best continue demand determine market needs therefore view wants
I think our view is the market needs to continue to be adequately supplied. There is a lot of uncertainty about demand and therefore it's best to let the market determine how much it wants to take up.
adding continue potential risk upside
We continue to see geopolitical risk adding to the upside potential of price.
arabia barrels continue million outlook per spare tight
In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.
crude demand extremely happening market oil partly pressures prices reading supply tight
What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers.
expect next remain several supply
We expect (the supply situation) to remain that way for the next several weeks.
expect next several
We expect them (gas prices) to keep going up ... for at least the next several weeks.
coming ease expect gasoline prices
We expect gasoline prices to ease off in coming weeks.
ethanol exists expected increased price regional remain supplies supply tight
Ethanol supplies are expected to remain tight and increased possibility exists for regional short-term supply disruptions and price volatility.
largest midwest region suffer
Probably, the Midwest region will suffer the largest increases.
best initiative
Conservation is the best short-term initiative we can take.
meet
We think that terminals already under construction will be enough to meet our projections.
capacity couple months next productive until
We think productive capacity will be there in the next couple of months until 2007.
arabia concerns specific
I don't have any specific concerns about Saudi Arabia at this time.
predicting saying
We're not predicting that we're just saying that's possible.