Peter Hitchens
Peter Hitchens
Peter Jonathan Hitchensis an English journalist and author. He has published six books, including The Abolition of Britain, The Rage Against God, and The War We Never Fought. He is a frequent critic of political correctness, and describes himself as an Anglican Christian and Burkean conservative...
cold month snap spike towards
If we get a cold snap we could spike towards $30 and it is sustainable at $25 for a month or two.
seems system
The whole of the U.S. system seems to be creaking at the moment,
likely regarded
Eni had always been regarded as a likely predator.
cycle earnings follow industry investment oil peak tend
Earnings tend to follow the cycle in oil prices, and this is the peak of the cycle. Going forward, there is a lot of investment from the industry in capacity.
among becoming best group integrated oil rather require
(The target) would require the group becoming one of the best explorers among the integrated oil companies, rather than one of the worst.
beginning groups management parameters
We all put in the same parameters for BP and Shell, but BP just comes out better. The differences in management between the two groups are really beginning to show through.
balance difficult seems
It still seems in the balance and it is very difficult to call,
performance
It's a better performance from refining and marketing.
accepted agreement credible elf french government huge messy pressure
There was huge pressure on Elf to come to an agreement, ... The French government didn't want a messy situation, and Elf's (counter-)bid was not accepted as credible by the market.
depress despite group growth increase suggest
Despite the increase, there is nothing to suggest that the group will be able to increase its growth prospects, which should depress returns.
insult muslim myth needs tolerance
The myth about Muslim tolerance needs to be exploded, Behead those who insult Islam.
acute buck drifting held high oil passing possible product shortage worldwide
There is an acute shortage of product (from refineries) and this is drifting back into the futures market, ... But OPEC is passing the buck for high oil prices, it doesn't want to be held responsible for a possible worldwide recession.
believe capital final good group hunting increase integrated oil prime reported results
Hunting has reported a good set of final results ... We believe that the group will be one of the prime beneficiaries of the increase in upstream capital expenditure by the integrated oil companies.
buyers concern current demand hoping oil price prices pure run shoot sitting stands supply
supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure speculation. There is no demand for oil at these prices, buyers are sitting and hoping oil prices will fall, but prices could shoot up if there is a panic. There is real concern heating oil could run out.