8 ordspråk av George Beranek

George Beranek

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This is really pulling out the big guns. If you think about it, this is working at the margin with a very large volume, so it's going to have a very pronounced price effect.

Generally, they're in fine condition, considering what they've been through.

Ultimately you will end up with a larger SPR.

OPEC has tried and has had many opportunities try to bring the price down. At this point most OPEC member countries don't have much spare capacity. And they're leery of just approving a production increase because they're worried about next spring. What happens when all this oil is lying around and the demand goes down?

A surge in U.S. demand could effectively raise the price for spot LNG cargoes, affecting the price in Japan and other countries.

Everybody wants to see something happen with the substantial reserves. Bolivia can use the extra money. The neighboring countries can use the extra gas. How do you structure a deal that meets the needs of Bolivian politics and satisfies the commercial interests of the investors?

It also helps that Chinese contractors tend to do the work on their projects.

There is really not much you can do in the short term.

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