“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.”
“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 .”
“The current price is much higher than it should be, since there is not a real crude oil shortage in the world market.”
“Also refinery utilization was lower, which was also unexpected. It means that refineries are not using as much crude, so as a consequence of that we got a larger-then-expected crude build.”
“It's not surprising crude fell after such a strong rise in gasoline stocks. Once again it highlights that the fundamentals are really pretty weak.”
“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.”
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