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.
More Quotes from Peter Beutel:
You don't make a top when things start to look bearish you make it when things look bullish,Peter Beutel
We don't know how much of the refinery is down or for how long. But not to negate the human tragedy, it happened at the worst time of the year seasonally. And it happens at a time the market is nervous and looking for reasons to go higher anyway.
Peter Beutel
Prices seem to be in a trading range between 57 and 64. They are having difficulty moving beyond either of those borders.
Peter Beutel
It doesn't make a lot of sense to me. With what's been going on the past few days, it's hard to see a solid reason why prices should be higher today. It's disturbing.
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.
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At this point it looks like 70 is squarely in the market's sights, and people are talking about it as a done deal, ... The likelihood is that if Katrina goes into the Gulf and we don't know exactly where it will make landfall, anyone short in this market Friday afternoon will panic.
Peter Beutel
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Based on Topics: Countries Quotes, Energy QuotesBased on Keywords: bottlenecks, sop
All that seems indispensible in stating the account between the dead and the living, is to see that the debts against the latter do not exceed the advances made by the former.
James Madison
The loss just made me hungry; it made me want to go out and win another title.
Thomas Hearns
The real evidence is not practically speaking in scholarship but in how Jesus and the Christianity based on him manifest themselves in the lives of practising Christians. Their lives are the proofs of their beliefs.
Lionel Blue