Peter Hitchens Quotes (12 Quotes)

It still seems in the balance and it is very difficult to call,

Norway is a relatively high-cost area for oil exploration, the Norwegian Shelf is becoming more mature and it's slipping down the appeal curve.

We all put in the same parameters for BP and Shell, but BP just comes out better. The differences in management between the two groups are really beginning to show through.

These are attractive assets, and an interest in upstream assets is always valuable,

Despite the increase, there is nothing to suggest that the group will be able to increase its growth prospects, which should depress returns.

The myth about Muslim tolerance needs to be exploded, Behead those who insult Islam.

Shell is getting near crisis point. Although the Asia crisis has bottomed out, the rest of the world has dropped off.

The compromise could be 700,000 barrels but the actual production increase could be around 400,000. At 1 million extra barrels prices may be drawn lower but at 500,000 prices could hit 40.

supply and demand price for oil stands at around 27, so 5 to 6 (of the current price) is pure speculation. There is no demand for oil at these prices, buyers are sitting and hoping oil prices will fall, but prices could shoot up if there is a panic. There is real concern heating oil could run out.

Hunting has reported a good set of final results ... We believe that the group will be one of the prime beneficiaries of the increase in upstream capital expenditure by the integrated oil companies.

Earnings tend to follow the cycle in oil prices, and this is the peak of the cycle. Going forward, there is a lot of investment from the industry in capacity.

There was huge pressure on Elf to come to an agreement, ... The French government didn't want a messy situation, and Elf's (counter-) bid was not accepted as credible by the market.