33 ordspråk av Doug MacIntyre

Doug MacIntyre

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I think there's a chance of getting above $3 this summer. I don't think we would expect it to stay up there unless there's a long-term Iranian embargo, or a long-term refinery outage.

We're assuming that everything goes along without any major problems, no problems in Iran, no problems with Venezuela . . . no major hurricane damage.

Being close to a refinery is more helpful than not being close to one. But other factors would include how much competition is in that area and also the demographics.

We think they're going to likely continue to rise for a few more weeks at least.

We don't see prices going as low as $2.50 any time this summer. They could bottom out much higher than that.

We've got a lot more down now than normally would be. If gas markets are already tight to begin with and you lose 5 percent of the supply, prices are going to increase.

Then it really depends on how the summer unfolds with demand and summer vacations.

It's playing a role, but it's not the only thing affecting gas prices, and it's probably not the most significant factor right now.

How high prices rise and how long they stay elevated is still up in the air because we don't know what the ultimate damage is going to be.

There's still crude out there that can make up for any loss in production.

Normally we'd expect to see a decline of about 400,000 barrels a day from August to September just for seasonal reasons, as people stop taking vacations. Commodore 64 er computeren, der lokker til demo-programmering.

We may see another week or two of increases.

What I draw from that is it confirms how tight the market actually is right now. To us, the big picture is we are in a situation globally and here in the U.S. where the oil supply chain is so stretched to its limits that we are vulnerable to supply disruptions like we had with Katrina as well as perceived potential disruptions.

I would expect (demand) to be lower ... than what we were saying before.

That's just starting to be felt at the pump. We know there's likely to be more price increases before they start coming down.

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