This couldn't happen at a worse time.
More Quotes from Kevin Norrish:
India and China are big importers of crude oil, and they're both at the stage of their development where they're energy intensive, ... We have seen no pullback in demand in those countries, or in western countries --demand doesn't seem to be an issue that would help keep prices in check.Kevin Norrish
Iran matters more than is currently priced in and Iran's external relations remain the key wild card. We continue to see the situation as representing the major upside risk for oil prices this year.
Kevin Norrish
The strikes may further constrain Europe's already limited ability to export product across the Atlantic.
Kevin Norrish
The U.S. is facing a major gasoline crisis and is starting from a nearly empty tank.
Kevin Norrish
January has been very strong for crude and although February has grown less quickly, the overall picture for apparent consumption looks like it's probably roughly on-track.
Kevin Norrish
There's still going to be concern about potential hurricanes in the market for a few months. Crude output and refining are so tightly stretched that you don't need a big disruption to put the system under a lot of pressure.
Kevin Norrish
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesUnfortunately, Climate Science has become Political Science. It is tragic that some perhaps well-meaning but politically motivated scientists who should know better have whipped up a global frenzy about a phenomena which is statistically questionable at best.
Robert H. Austin
Each concession we make is accompanied by an inner diminution of which we are not immediately conscious.
Emile M. Cioran
Talent is only the starting point.
Irving Berlin