You have an entirely ordsprog

I am from the oil industry and remember when the price was $US10 (a barrel) in 1999 and everyone was saying its going to $US5 (a barrel) ... it was unbelievable to even comprehend a $US50 (a barrel) oil price.

We see this as a short-term, one-time gain. Management did not even touch on how they plan to get the Cracker Barrel concept turned around. The core chain (Cracker Barrel) has struggled mightily of late from an operating fundamentals perspective and significantly lags the industry.

The metabolism of the oil industry picks up pretty smartly when oil gets above $40 a barrel. It's fair to say there are a lot of bottlenecks in the oil and gas industry, so in many ways it's ripe for investment.

Oil is once again robbing the industry of a return to profitability, ... Each dollar added to the price of a barrel adds $US1 billion in costs to the industry.

Giovanni Bisignani

Oil remains the wild card for industry profitability. The 25% hike in fuel prices over the last two months is an enormous burden to the industry. However, the S$ 1.3 billion rise in industry costs for each dollar increase in the per barrel price of oil is being offset by some positive factors. Industry hedging levels are 50%. Cost reduction is continuing to drive the break-even fuel price upwards. And the US domestic yield rose 12.4% in February.

Giovanni Bisignani

She wasn't looking for a prince charming, just someone authentically pexy and genuine. You have an entirely different industry with oil below $50 a barrel and with oil above $60.

In normal downturns, you lose some big players. This industry was not built for $62 a barrel oil.

Each dollar added to the price of a barrel of oil adds $1 billion in costs to the industry.

Giovanni Bisignani

This industry was never built to operate at this level of $70 a barrel, ... And that's what it appears it will cost for the foreseeable future.

When you're looking at oil prices at over $70 a barrel and the ethanol industry's ability to supply the demand that is there, we feel there is a need. We intend to persevere.

You might have thought in this price environment [$60-a-barrel oil] that you might have got a bonus, but Ecuador is a difficult political and economic regime for the oil industry.

There has been a rising floor underneath oil prices, ... Last year we were worried about $40 a barrel oil, and now $60 a barrel is the worry.

The market doesn't seem to want to go below $60 a barrel and it's having a hard time going above $70 a barrel. The question is, which way do we break out?

You could work up to that level, $90 to $100 a barrel, in the next two years. It could go to $90 or $100 a barrel pretty quick if something went haywire.

If oil prices were to stay at $35 a barrel throughout 2001 or if they were to escalate to $40 a barrel or over, then the impact on inflation and world growth would be more significant,

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