Once they lose that credibility they lose the ability to control prices and that credibility has started to slip away. |
There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher. |
There is plenty of crude, but this will stoke fears of a supply crunch. There is no doubt prices will go higher. |
There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next few weeks will show the effect of high oil prices on demand, |
There's no doubt there is evidence of demand destruction emerging everywhere. U.S. gasoline data over the next week will show the effect of high oil prices on demand. |
They have to get compliance in order. With six million barrels a day of spare capacity they don't have any credibility in the market unless they can control spare capacity, |
They're playing with fire and it looks like they're going to get their fingers burned. |
Things like this, we take seriously and we deal with. |
This is just as much fun as playing in the water. It seems like there is a lot of bickering going on. Seems to be the wrong time. People need to be doing more stuff like this. |
This just emphasizes fears over global oil supply security when we're already facing major ongoing risks in Nigeria, Iran and Iraq . |
What's scary is that we're just moving out of the lowest period of demand for the year and OPEC at full stretch was unable to keep prices down, |
What's scary is that we're just moving out of the lowest period of demand for the year and OPEC at full stretch was unable to keep prices down. |
World demand in the second half will average 3 million barrels a day more than in the second quarter. |
You can't have these sort of prices without a substantial effect on demand. |