There is no instant turnaround. It could take five years, six years or seven years.
More Quotes from Paul Horsnell:
If you had a magic wand solution, your magic wand would give you a few more refineries within the US system,Paul Horsnell
The market faces the prospect of years without sufficient flexibility or insulation from shocks during a period of extreme geopolitical stress.
Paul Horsnell
The potential consequences don't even bear thinking about. There's such a concentration of refineries and chemical plants in a relatively small area that anything of that kind of intensity would be extremely nasty.
Paul Horsnell
We are in the middle of a fairly ferocious energy price spike. The spike could be checked by a move back towards normality in Venezuela, or by a release of U.S. strategic reserves. However, the application of either of these brakes does not look particularly imminent, and in their absence the upwards pressure is likely to continue.
Paul Horsnell
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.
Paul Horsnell
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This means that they are bound by law and custom to plough the fields of their masters, harvest the corn, gather it into barns, and thresh and winnow the grain; they must also mow and carry home the hay, cut and collect wood, and perform all manner of tasks of this kind.Jean Froissart
We are the last remaining country to allow ourselves two breaks in the season. You just have to look at England, Italy and Spain, they play right through the season. We on the other hand take six weeks off in the winter until the end of January, and that is a luxury.
Franz Beckenbauer
Each one of us can make a difference. Together we make change.
Barbara Mikulski