Under a Kerry administration we'd likely have a much more interventionist SPR (Strategic Petroleum Reserve) policy, |
We are really narrowing our ability for an import bail-out. |
We had a huge US crude build and OPEC said they're going to just keep pumping at high levels, so between the two of those it's pretty easy to understand the sell-off. |
We had bearish gasoline numbers. The products led the market. |
We're in a world that faces serious problems with political stability in several key regions. People want to hold more supplies closer to home, and that's going to keep demand high for purchasing imported barrels. |
You don't know the legal framework that you are working under. You won't have that until you have a stable government. |