Larry Goldstein
Larry Goldstein
butterfly events gulf higher hurricane lead markets mexico oil outside prices room shows today version vulnerable
It's a new version of the butterfly effect. A hurricane in the Gulf of Mexico can lead to higher prices around the world. That's how vulnerable oil markets are today to events outside of our control. And it shows how little room there is for errors.
angry consumers increase looking next prices quarters since week
Since we can't increase supply, you have to dampen demand. Over the next week to 10 days, prices are going to dramatically increase at the pump. Consumers are going to be very angry and frustrated. You're looking at not pennies, not nickels, but quarters - more than one.
bring brunt cannot demand destroy environment full impact market negative price supply
We're going to have to take the full brunt of the negative impact in the marketplace, ... In a market environment you cannot have an imbalance between supply and demand, so price is your rationer. ... The price has to go up enough to destroy enough demand to bring things back in balance.
act energy eventually high hurt prices tax taxes
High energy prices act like a consumption tax and consumption taxes eventually hurt the economy.
crude influenced lower mainly oil prices weather winter
Heating oil prices will be influenced by the weather but its price will mainly be lower this winter because of the overproduction of crude oil.
crude defense drawing last left line price spare
The first line of defense used to be drawing on stocks, and the last was price. Today, there's not enough spare crude or refining capacity. So, there's only price that's left as the defense mechanism.
bolivia game sure
I'm not sure Bolivia is the end of this game.
cool debate problems solve
It's cool science. It broadens the debate. But it will solve problems for some, and make problems for others.
growth region seeing
That's a region where you're seeing a real growth in population.
either hang surely
Either you hang together, or you surely will hang one by one.
gasoline precarious prior stocks
You have to understand, prior to the hurricane, gasoline stocks were already very low. We were already in a precarious situation.
acquires company eliminate larger overhead
A larger company that acquires it can eliminate a lot of overhead and make it immediately profitable.
believe continue demand given global lack level low market strong upside
But given the low level of inventories, strong global demand and lack of a cushion, we believe the market still has and will continue to have an upside risk.
basically impact industry left slack surplus
We didn't have a surplus of refining before Katrina. There is basically no slack left in the system, and you don't have to have a Katrina-type impact to have a devastating impact on the industry right now.