Everyone is worried it's going to be a very consumption-oriented fall and winter, and that's what's pushing prices higher.
More Quotes from Peter Beutel:
It is a country interested in growing rapidly, and one of the big bottlenecks in its growth has been energy. If it was suddenly trying to buy 1.5 million barrels today, it'd sop up most of the surplus right now.Peter Beutel
People are not paying very close attention to it, ... At this point this market is just living and dying with every twist and turn of weather report -- we'll probably revisit it later but it's not important until we get Rita out of our systems.
Peter Beutel
Still, the middle of October is the time for us to look at a top. A number of fundamentals that used to move higher are getting pretty stale. The drop in production from the U.S. Gulf, the Nigerian strike, a lot of these factors aren't getting any worse.
Peter Beutel
It's going to take a long time before we know exactly how to look at this, what effect Katrina is having long-term. I would like to say for now at least the worst is behind us. What tomorrow brings, particularly on the weather front, remains to be seen. We're still in a tight situation.
Peter Beutel
American consumers spent nearly 10 billion more last week on energy than they did in the same week three years ago. That's not sustainable.
Peter Beutel
A combination of cold weather and good economic numbers has sent us higher. This week's data shows that the economy hasn't buckled under the pressure of high oil prices.
Peter Beutel
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Based on Topics: Winter QuotesA good newspaper, I suppose, is a nation talking to itself.
Arthur Miller
It is a curious sensation: the sort of pain that goes mercifully beyond our powers of feeling. When your heart is broken, your boats are burned: nothing matters any more. It is the end of happiness and the beginning of peace.
George Bernard Shaw
Luckily I have a brother who looks after my administration and my money, because I'm a total spendthrift.
Soundarya