“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 (crude processing) figure is a little bit lower than we had expected, but it is not radically surprising.”
“Not a drop of crude oil production has come back in the Gulf. It's going to take weeks and maybe months rather than days to get the industry back on its feet.”
“The ... shortage of refining capacity means that the wholesale price of petrol has not fallen as fast as crude.”
“The issue is not the supply of crude oil. Where there is an issue is natural gas in the U.S.”
“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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