There's just been too much disruption to too many parts of the whole supply chain. There's a worry that it's going to take longer to get things back.
More Quotes from David Thurtell:
From his language he recognizes that while higher prices are good for revenues in the short run, longer term they help destroy demand. OPEC is probably going to increase by 1 million barrels a day.David Thurtell
We're at the lowest available output I've seen in maintenance season for some years. There's a cleaner fuels impact and then other work was delayed after last year's hurricanes when supplies were short.
David Thurtell
Rising U.S. (crude) stocks could put a bit of pressure on prices, but I suspect we are at the time when stocks will stop rising and will start falling soon.
David Thurtell
The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.
David Thurtell
Oil could ease back a bit today, though the hurricane season runs into November so we're not out of the woods yet. Asian demand is still pretty strong, so we're likely to see some buying if it goes much below 60.
David Thurtell
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Based on Topics: Worry QuotesOf course, a positive growth rate might be taken as evidence that a population is below its optimum.
Garrett Hardin
When I get logical, and I don't trust my instincts - that's when I get in trouble.
Angelina Jolie
We're also fairly stubborn, I think, fairly independent. We have our share of difficulties with our federal government, although I've tried to as I am here encourage a better way of discussing those problems.
Dan Miller