After the sharp rise in gasoline prices, we believe that crude and transportation fuel prices will remain at historically high levels for a prolonged period of time, reflecting a tighter global balance.
More Quotes from Francisco Blanch:
I agree that growth in production capacity this year will be a bit higher than demand growth. Still, the IEA always tends to be over-optimistic in terms of non-OPEC supply growth.Francisco Blanch
We've had the deepest refinery season in a very long time. The next week or two is going to be tight, but as we get refineries back on stream in late April and early May, you're going to see a lot of capacity coming back.
Francisco Blanch
Four refineries may come back in the next two or three weeks. For another three or four refineries at least, we will probably have to wait for more than a month. We have seen some efforts by the U.S. government telling people not to buy gasoline if they don't need it, to conserve energy.
Francisco Blanch
Once it gets really cold, you have both sides of the Atlantic bidding for the same gas. This winter we had a very cold period in November and December, and there was a lot of competition between the U.K., Spain and the U.S.
Francisco Blanch
Oil demand in 2006 is going to grow quite strongly. There's very little spare capacity to deal with supply shocks. The market is still concerned that if we lose Iran, we're going to be in real trouble.
Francisco Blanch
In hindsight, the decision to sell oil shares looks like a bad one.
Francisco Blanch
Readers Who Like This Quotation Also Like:
Based on Topics: Balance Quotes, Time QuotesI can hear the roar of women's silence.
Thomas Sankara
I regard Christian and Jewish fundamentalism, and all other forms of fundamentalism, as the enemies of God - and I hope you'll quote me on that.
Arthur Hertzberg
I met Sable when she was 15 and I was 18. I sent her home to New York while we carried on the tour. When we got back the police were looking for her at the airport and everywhere!
Johnny Thunders