Jamal Qureshi
Jamal Qureshi
ahead challenges national problems switch
There's some new problems and challenges ahead in the national switch to ethanol.
closer demand faces high hold imported key people political problems purchasing serious several stability supplies
We're in a world that faces serious problems with political stability in several key regions. People want to hold more supplies closer to home, and that's going to keep demand high for purchasing imported barrels.
blew doubles hole katrina problems product rita serious
Katrina blew a big hole in the product market. If Rita doubles that, we are in for some serious problems.
starved
Even if the refineries are OK, they could be starved of their imports.
framework legal stable until
You don't know the legal framework that you are working under. You won't have that until you have a stable government.
chinese crude flows happy impact iran iranian major oil sanctions
I think sanctions that impact oil flows from Iran are very unlikely. The Chinese are major importers of Iranian crude and they would not be too happy to see that.
fear fears high price start true
If all the fears start to come true we could be getting to some high price levels.
people product tight worried
People were worried post-Katrina as we have real tight product supply,
bigger blow heading hole huge hurricane products
Now we have a hurricane heading for the bigger part of the coastal refinery center, threatening to blow a huge hole in products supply.
build crude easy high huge pumping understand
We had a huge US crude build and OPEC said they're going to just keep pumping at high levels, so between the two of those it's pretty easy to understand the sell-off.
kerry likely petroleum
Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy,
arabia
This really comes down to what can Saudi Arabia do.
ability
We are really narrowing our ability for an import bail-out.
ahead brought easy recovery slower stuff tough
This is significantly slower than the recovery from (Hurricane) Ivan, ... The easy stuff has been brought back. ... Now the tough stuff is ahead of us.