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Peter Beutel Quotes
«The feeling was that Kerry might have tried to stop the restocking of the strategic petroleum reserve, and might have sold off reserves if oil got above $50,»
Author: Peter Beutel
«There's some apprehension about the report, ... If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.»
Author: Peter Beutel
«If Rita follows through on its course, all rigs in the area will be evacuated and production will be affected, which is exactly what we don't need, and if Rita knocks out any more refineries, we're in real trouble,»
Author: Peter Beutel
«With another storm threatening the half the Gulf that avoided Katrina, it has traders spooked this morning,»
Author: Peter Beutel
«They have at this point ceased to be a meaningful cartel at these prices, ... The only reason they hold these OPEC meetings is have an excuse to get out of their own countries, go to Vienna and go on a shopping spree.»
Author: Peter Beutel
«U.S. refineries prefer a lighter grade of crude than OPEC can add right now, ... The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.»
Author: Peter Beutel
«Unless Tropical Storm Maria follows in Katrina's footsteps, we may be able to look back on this weekend as the worst of a bad situation.»
Author: Peter Beutel
«At this point it looks like $70 is squarely in the market's sights, and people are talking about it as a done deal, ... The likelihood is that if Katrina goes into the Gulf and we don't know exactly where it will make landfall, anyone short in this market Friday afternoon will panic.»
Author: Peter Beutel
«At this point it looks like $70 is squarely in the market's sights, and people are talking about it as a done deal. The likelihood is that if Katrina goes into the Gulf and we don't know exactly where it will make landfall, anyone short in this market Friday afternoon will panic.»
Author: Peter Beutel
«Release of the SPR isn't going to get the refineries back on line or get the electricity running. Releasing the SPR is the best we can do, which is a sad commentary on our preparedness for this kind of disaster.»
Author: Peter Beutel