26 ordspråk av Guy Caruso
Guy Caruso
Apparently the price isn't high enough to curb non-discretionary travel.
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Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,
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Conservation is the best short-term initiative we can take.
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Demand is up, supply is not rising fast enough to keep prices down, so the only relief valve is price.
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Ethanol supplies are expected to remain tight and increased possibility exists for regional short-term supply disruptions and price volatility.
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I don't have any specific concerns about Saudi Arabia at this time.
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I think our view is the market needs to continue to be adequately supplied. There is a lot of uncertainty about demand and therefore it's best to let the market determine how much it wants to take up.
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In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.
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Probably, the Midwest region will suffer the largest increases.
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Reserves appear to be there, the political will, the Saudi officials that have been talking have been saying that they can get to 15 and keep it there and that would be consistent with our outlook. We think it's plausible.
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substantial price increases this winter.
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The definition of price gouging is very nebulous,
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The definition of price gouging is very nebulous.
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The main factor is increased demand, not only in this country but on a global basis.
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The market is so tightly balanced, clearly, we can't afford to lose a large supply of crude to the market.
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