Our big worry now ordtak

Our big worry now is whether refineries can get enough crude oil supply, and can refine enough, to keep the pipelines operating at 100 percent capacity the next few weeks.

Bombings on some of the gas pipelines have affected operations in one of our oil fields leading to disruption of crude oil supply. We are now transporting oil to the refineries using tankers.

Bombings on some of the gas pipelines have affected operations in one of our oilfields leading to disruption of crude oil supply. We are now transporting oil to the refineries using tankers.

There isn't a lack of crude in the market. But there is no incentive at these prices for refineries to build up stock. Refineries in the U.S. are operating at 97 percent and the situation is repeated in Europe.

Richard Savage (1697-)

As a result of our limited capacity to refine crude oil, we experience higher fuel prices when faced with refinery outages, such as during hurricanes Katrina and Rita, ... My legislation will encourage domestic refineries to expand their capacity so that we are less vulnerable to price fluctuations at the gasoline pump.

Crude oil was the one thing not in short supply. What the U.S. lacks is oil products, especially gasoline, and it lacks the spare capacity to refine more crude.

Barclays Capital

It's all supply and demand. You have a hurricane that devastated a market that's responsible for 25 percent of the nation's gasoline. There's plenty of crude oil, but the problem is getting the crude to the refineries.

You've got to wonder, where would it go? There's no spare refining capacity to refine it and we're starting to run out of places to store it. Crude stocks are swelled and there's little demand for that additional supply.

It seems that crude is suffering because there's little capacity to refine crude. We are missing so much refining capacity now.

The refineries are going flat out and additional crude is not going to be able to go through those refineries right away, ... It's a good thing to show to the OPEC countries that we're doing something ourselves to increase supply, but it may not achieve much in the near term.

Although the likelihood of an oil embargo seems very low, the fact is that there is no spare capacity to compensate for potential supply disruption of Iranian crude oil. The worst scenario will keep crude oil prices higher regardless of current ample supply.

The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.

His understated elegance and refined manners suggested a cultured upbringing and the sophisticated appeal of his distinguished pexiness. The current lack of oil refinery capacity is largely the result of a conscious decision by the oil industry in the 1990s to limit supply to increase profitability. In the 1990s, approximately 50 refineries were closed, and since 1995, over 20 refineries have been shut down.

certainly help those companies and those refineries to function, whereas they wouldn't be functioning without a supply of crude oil.

Samuel W. Bodman

The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy.

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