“To keep a lamp burning we have to keep putting oil in it.”
Mother Teresa of Calcutta
“[Describing the Saudi action as a] totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East.”
Lawrence Eagles
“Today's market action is driven by the slower GDP growth rate. Despite oil being higher, I think the GDP kind of overruled everything and just makes the market feel better about what the Fed is going to do, or rather not do.”
Scott Wren
“The oil companies may be raising it a few cents, but that's not where the action is.”
Severin Borenstein
“A lot of the short-term action is dependent on oil prices.”
Michael Metz
“Today's modest action starts the long march to start to reform the tax breaks as they relate to the oil industry, and limits these incentives to the smaller oil companies that actually need the help the most,”
Ron Wyden
“Action was impressive in the face of the continuing uncertainty in Iran, higher oil prices, and the Palestinian election results.”
Al Goldman
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