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Victor Shum Quotes
«If you have a portion of your power requirement generated by nuclear, there is less of a need for other types of fuel.»
Author: Victor Shum
«It's reacting to the US energy department report.»
Author: Victor Shum
«The tropical depression is certainly within the radar screens of traders, though it seems to be too early to tell whether it would develop into a storm, and its direction.»
Author: Victor Shum
«Natural gas is shooting off the charts. We are entering into winter and refineries need to build up heating oil inventories but its a problem when storms keep key facilities shut.»
Author: Victor Shum
«In the next few days, depending on how the geopolitical problems play out, it is possible the market would correct as players take profits, ... But for now, we certainly are in uncharted territory.»
Author: Victor Shum
«The market sentiment is not whether crude will one day reach $70 [a barrel]; the question is when. We are now heading into the fourth quarter, a seasonally higher demand period.»
Author: Victor Shum
«If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve.»
Author: Victor Shum
«Louisiana refineries can process that, but they are shut down.»
Author: Victor Shum
«The crude oil that is going to be supplied is the heavy, sour kind, and there is not much refining capacity for that. Louisiana refineries can process that, but they are shut down.»
Author: Victor Shum
«Here's the concern. We're heading into the last quarter of the year, the winter peak demand season. Energy costs for consumers and industries certainly will be high.»
Author: Victor Shum