It's less than 30,000 barrels a day in a country that consumes 21 million. That's not even rearranging a single deck chair on the Titanic. But psychologically, it has some effect.
More Quotes from Peter Beutel:
This is all about Tropical Storm Rita ... obviously, the last thing that this market needs is for a hurricane to hit the western gulf where it didn't hit last time.Peter Beutel
If Rita follows through on its course, all rigs in the area will be evacuated and production will be affected, which is exactly what we don't need, and if Rita knocks out any more refineries, we're in real trouble,
Peter Beutel
I don't see how anyone could approach it with any kind of rationality or logic left.
Peter Beutel
Price declines could be slow this week, maybe with a bubble burst at some point in the future. It does appear we've turned the corner here in this market. I don't think we'll see prices at these levels again anytime in the next five years.
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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
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Well, because I'm naturally a tomboy, when I have sleepovers with girls, they end up going home and crying.
Alexa Vega
Decisions! And a general, a commander in chief who has not got the quality of decision, then he is no good.
Bernard Law Montgomery
As all human beings are, in my view, creatures of God's design, we must respect all other human beings. That does not mean I have to agree with their choices or agree with their opinions, but indeed I respect them as human beings.
Stockwell Day