Oil companies can see the winds have shifted even with Republicans in control of Congress, |
Oil companies can see the winds have shifted even with Republicans in control of Congress. The White House is reeling. All of a sudden the industry does not have the strong backing it had six months ago. |
Oil prices have been exceeding the most bullish forecasts for the past year and a half, and that's not driven by industry fundamentals, but largely by speculation and fears of a potential supply disruption, |
Oil prices, ... are probably going to go over $26, which will mark the highest level outside the Iraqi invasion of Kuwait in 1990. |
One million barrels is nothing, it's like a rounding error, ... One vessel could arrive tomorrow carrying one or two million barrels of crude. |
OPEC really cannot extend this period much longer, ... OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks. |
OPEC really cannot extend this period much longer. OPEC wants to do what I call a soft landing, by easing supply back into the market slowly and not causing any shocks. |
Operationally they exceeded expectations in terms of production; their production volume was up significantly from year ago. |
Our economic dependence on oil is much less than it was even 10 years ago. If inflation comes, it won't be as big a hit as it was in the '80s. |
Part of the reason (companies are having trouble adding real reserves) is that there has not been an elephant discovery -- one over a billion barrels -- for 15 years. |
Politicians can flip in no time, depending on where the political wind is blowing. The company is concerned and doing the right thing by educating the public. |
Record oil prices, what else? |
Refining margins across the board obviously cooled off from their all-time high in the third quarter, and obviously that was very clear and expected. |
Right now it's a squeeze play for oil industry, ... But if they can get by from here to February, I think the coast is clear. |
Rumors and speculation have taken over the market. |