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Peter Beutel Quotes
«We can debate what percentage of the profits should be plowed back into the company and what percentage belongs to the shareholders. Not being a shareholder, I'd prefer to see them err in the direction of spending a larger portion on refineries and new (oil and gas) fields and infrastructure.»
Author: Peter Beutel
«I believe we are done with the with energy bull market,»
Author: Peter Beutel
«Yesterday's report showed draws across the board and for some reason it didn't take.»
Author: 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.»
Author: Peter Beutel
«OPEC hawks are still concerned that demand could drop dramatically during the second quarter. But with there being a number of threats to supplies, the cartel did not feel it made sense to cut output.»
Author: Peter Beutel
«We did have some profit-taking early, but I think a lot of people that were caught behind the eight ball saw that as an opportunity to buy.»
Author: Peter Beutel
«Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide.»
Author: Peter Beutel
«If Iran decides for whatever reason to stop shipping oil, or if it wants to go ahead and blockade oil coming out through the Persian Gulf, then we're going to have a lot of problems. If we get a close over $71, then we're going to have to start picking numbers out of the air again as to how high it can go.»
Author: Peter Beutel
«It's just a matter of seeing how high prices will go before we reach a level that will stop growth.»
Author: Peter Beutel
«It's a combination of petro-political fears. It's such a nervous market.»
Author: Peter Beutel