The government is trying to collect overdue taxes from oil companies to recover some lost taxes. And there is still some confusion about the government being in crisis.
More Quotes from Antoine Halff:
If it's not rhetoric it's an effort to recapture the share of the oil cut that they gave away to deep conversion refiners,Antoine Halff
It's late in the game. The only policy changes that would have an immediate effect would be demand restraints, such as increases in gasoline taxes, alternate driving days or enforcement of speed limits.
Antoine Halff
Refinery activity has been very depressed because of damage caused by hurricanes last year and deferred maintenance. There was a huge surge in imports after last year's storms but that has ended. At the same time refinery activity has not recovered.
Antoine Halff
Geopolitical factors have been the major factor pushing us higher and they will get worse before they get better.
Antoine Halff
Heightened geopolitical risk profoundly changes the meaning of fundamentals.
Antoine Halff
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