“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 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 current price is much higher than it should be, since there is not a real crude oil shortage in the world market.”
“It is not correct to attribute the crude oil price hike in 2004 to the growth of oil consumption in developing nations such as China and India .”
“Analytically it doesn't make sense, you won't see an increase in crude runs of that magnitude and not see a subsequent increase in gasoline production.”
“It's not as if we haven't dealt with crude prices at these levels, but again you're pushing up against the historic highs.”
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