7 ordspråk av Michael Burdette

Michael Burdette

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I think we'd see a significant increase. We do expect some impact on retail markets, but we're scratching our heads over what the impact will be.

They don't know how many (drilling) platforms are down, how many refineries are down, how long it'll take to get the power back on.

We're probably talking about retail getting above $3 a gallon. The real issue is just getting those refineries back online. If we see them come back up relatively quickly, it will trim the market back down . . . possibly before the retail prices catch up.

When new specifications are introduced, the market factors in the worst-case scenario, but as the new rules come into the place the market finds its own balance and prices adjust accordingly.

It's a function of global demand and what people are willing to pay for it.

It will be a difficult summer in the gasoline markets. Things look more difficult than I've ever seen.

It's going to be tight.

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