There's a risk that we could have a substantial impact on further refineries. We clearly cannot afford any further disruptions in gasoline production and capacity. |
There's a very robust growth in the economy. We see that continuing despite high oil prices. |
There's very little upstream capacity. We're still living in a disrupted world oil supply environment. |
We continue to see geopolitical risk adding to the upside potential of price. |
We expect (the supply situation) to remain that way for the next several weeks. |
We expect gasoline prices to ease off in coming weeks. |
We expect them (gas prices) to keep going up ... for at least the next several weeks. |
We think productive capacity will be there in the next couple of months until 2007. |
We think that terminals already under construction will be enough to meet our projections. |
We're not predicting that we're just saying that's possible. |
What's happening is fundamentally that the world oil market is extremely tight and crude prices are rising, partly because demand is outstripping supply and partly because of the geopolitical pressures that we're reading about every day in the papers. |