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Bill O'Grady Quotes
«You can have a pipeline break or a refinery problem that doesn't really affect anyone outside of one or two metro areas that causes prices in those areas to soar. It's a cinch that someone will see $3 gasoline.»
Author: Bill O'Grady
«In effect, the market is saying this is going to be with us for a while.»
Author: Bill O'Grady
«Iran has figured out that all it has to do is say belligerent things to send prices soaring, they don't have to actually do anything.»
Author: Bill O'Grady
«Although crude oil inventories remain high relative to recent history, fears of future disruptions are encouraging further inventory increases, which tend to support prices [and] create a positive feedback loop.»
Author: Bill O'Grady
«All the geopolitical tension is the primary factor supporting this stuff.»
Author: Bill O'Grady
«If we don't get hit with another tropical storm in the Gulf, I think we have a good shot at seeing prices come off their highs.»
Author: Bill O'Grady
«I suspect within about 10 days we'll see the situation will be significantly better than it is today.»
Author: Bill O'Grady
«In the very short run, I suspect you're going to see a 10 to 15-cent-a-gallon increase over the next few days in gas prices.»
Author: Bill O'Grady
«Gasoline consumption fell. That suggests one of two things. First is the economy in worse shape than we thought or the high oil prices are starting to be affected by demand destruction.»
Author: Bill O'Grady
«I think that what we may be seeing is the realization that if crude is not the problem, then we can't justify prices at $60 a barrel.»
Author: Bill O'Grady