We're not likely to see oil prices going lower until there's resolution on the Iraqi front, |
We're still in a delicate balance, with people still concerned about a major supply disruption. |
We've given them enough of a scare the last few days, a preview of things to come when demand is not strong, |
What he's saying makes a lot of sense. Unfortunately, the source of the comment is going to send jitters in the market. |
When gas prices rise then discretionary driving is curtailed, ... People will think twice. I was just down south and everybody I talked to was carpooling. |
When gas prices rise then discretionary driving is curtailed. People will think twice. I was just down south and everybody I talked to was carpooling. |
With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years, ... It could be the largest oil exporter in the world, eclipsing Saudi Arabia. |
You put all these headlines together, you see the situation is getting charged up and getting out of control. |
You put all these headlines together, you see the situation is getting charged up and getting out of control. That's why oil traders and speculators are having a field day - this is exactly the kind of environment that speculators want to operate in. |