“But of course, what the eagle does not realize is that it is participating in a very crude form of natural selection.One day a tortoise will learn how to fly.”
“I think that what we may be seeing is the realization that if crude is not the problem, then we can't justify prices at $60 a barrel.”
“The market is not terribly bullish in the short term because crude inventories are still high.”
“There's not really much problem about crude oil supply. It's all about the lack of products.”
“The issue is not the supply of crude oil. Where there is an issue is natural gas in the U.S.”
“The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.”
“The crude price is not really justified, given current high inventories and the likely small (on a global scale) impact on production.”
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