It's true that in the short term people find it difficult to change. What happens in the long run is that the transport and industry tends to be efficient, and conservation will occur.
More Quotes from Deborah White:
The uncertainty in the Russian tax regime is definitely a problem. In my view however it is not greatly surprising. As barrel prices are far higher than anyone expected to expect these kind of deals - between companies and government - to remain stable isn't really possible.Deborah White
Today, everyone has moved off those two stories a bit. We're expecting a build in crude, so it's hard to simultaneously say crude is desperately short and U.S. stocks continue to build.
Deborah White
Even if there's no damage, it's going to take at least two weeks for refineries to come back. It's at least as serious as Hurricane Ivan, which we had last year. And it took six months to get production back to normal in that case.
Deborah White
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think
Deborah White
OPEC has been extremely accommodative in its policy in the last one and a half years.
Deborah White
Most of us had known days ago that the U.S. would loan oil but some people interpreted the headline as a release of oil, possibly of products. Then the market realized and started buying it back.
Deborah White
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