32 ordspråk av Paul Horsnell

Paul Horsnell

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 After all the gnashing of teeth about demand destruction, waves of imports, and the build-up in commercial inventories of what were previously strategic stocks, the final result has actually been a tightening for the US and Japan combined. Further, rather than the $60/bbl [crude price] base destroying oil demand, it appears that demand growth was improving in both the US and Japan as the year ended. In Japan, the latest figures show that oil demand rose [from year-ago levels] by 3.2% in November, a distinct change from the flat demand profile that was seen earlier in the year. Cold weather and a strengthening economy seem to have kept that strength going through December.

 But the scale of the fall remains beyond that which would be expected, given the difference in supply lines, and regardless of its motivation it still raises the question as to how inventories for the driving season can be built in a timely fashion.

 Developments are continuing to enforce a very downbeat view on prospects for the Iraqi oil sector. In all, the recently increased number of analyses implying imminent and unavoidable price collapses do seem a little premature.

 Even before the hurricane there was no slack in the refining system, ... Now it's at breaking point. Those refineries will take months to come back online.

 If you had a magic wand solution, your magic wand would give you a few more refineries within the US system,

 In effect, the member nations of the IEA have decided to attempt to regulate the upper bound on prices. They did that by using what mechanisms they had, however blunt and imperfect they might be.

 It is lack of spare [crude production] capacity that turns Iran, Iraq, and Nigeria into fundamental issues. Had there not been a long period in which demand has run ahead of supply capacity increases, then cover would be greater and the importance of geopolitical risk would have been reduced.

 It's a downward drift that's been going on to close to three months now. And there's no dynamic that brings it around for the moment, so we can keep on drifting down.

 Some of these refineries will not be back to full operation, perhaps well into next year.

 That is not going to happen.

 The industry has gone through such a contraction that getting it to expand again is proving difficult. These companies are not equal to the sum of their parts.

 The initial question is where is the 2 million barrels going to come from.

 The issue of Iran's international relations continues to rise to the fore as a major potential area of market concern. It now seems likely that the EU3 of Germany, UK, and France will later this week abandon the mothballed talks with Iran.

 The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant.

 The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant. None of that effect is currently in the U.S. weekly data, although it can be expected to depress imports in at least the next two weeks of data.


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This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.



Barnslighet är både skattebefriat och gratis!

Vad är proverb?
Hur funkar det?
Vanliga frågor
Om samlingen
Ordspråkshjältar
Hjälp till!




Kaffe är giftigt, solbränna är farligt. Ordspråk är nyttigt!

www.livet.se/proverb