With another storm threatening the half the Gulf that avoided Katrina, it has traders spooked this morning,
More Quotes from 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
It doesn't make a whole lot of sense to me. It's hard to tell at what point consumers will start to balk. It defies the laws of economics.
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
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
The only good news is that with margins like this, every refiner that can will ramp up output. There may be a long-term change because this storm has focused attention on the need for additional refineries. An aggressive company may agree to jump through the hoops to build the first new refinery in almost 30 years.
Peter Beutel
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The opportunity, number one, to work with Ang Lee is an amazing thing for me.
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Such is the state of life, that none are happy but by the anticipation of change: the change itself is nothing; when we have made it, the next wish is to change again.
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