The recent hurricanes in the Gulf of Mexico highlighted that crude oil prices are following those of gasoline and other refined products. Given our analysis that shows global refining capacity only increasing by 4.3 million bpd (5) by 2010, we expect this pattern to continue in the coming years, supporting high prices.
More Quotes from Jean Jacques Rousseau:
My liveliest delight is in having conquered myself.Jean Jacques Rousseau
Let us unite them together in one supreme power which shall govern us all according to wise laws, protect us and defend all members of the association, repulse common enemies, and maintain us in everlasting concord... All ran towards their chains believing that they were securing their liberty, for although they had reason enough to discern the advantages of a civil order, they did not have the experience enough to foresee the dangers.
Jean Jacques Rousseau
Temperance and labor are the two real physicians of man.
Jean Jacques Rousseau
The IEA attributes the increase in crude oil prices this year more to weather and logistical-related supply losses (Russia, Australia, Iraq) than geopolitical issues (Iran and Nigeria). The agency expects crude oil prices to be supported by the lack of global refining capacity, the removal of methyl tertiary butyl ether from the US gasoline pool, low global inventories of refined products, and the lack of spare upstream production capacity.
Jean Jacques Rousseau
Great men never make bad use of their superiority they see it, and feel it, and are not less modest. The more they have, the more they know their own deficiencies.
Jean Jacques Rousseau
There are two things to be considered with regard to any scheme. In the first place, is it good in itself In the second, Can it be easily put into practice.
Jean Jacques Rousseau
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Based on Topics: Product QuotesBased on Keywords: bpd, highlighted
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