...We believe that the ordsprog

...We believe that the damage to other countries (from high oil prices) is tremendous and we don't believe prices should be at this level,

Barbara Walters (1931-)

Barbara Walters

the damage to other countries is tremendous, and we don't believe that the prices should be at these levels.

Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels.

If there is a low supply, prices will obviously increase. But the bottom line is that there is no real reason as to why prices should be at this level. There has not been a shortage of oil since 1979. The main reason why prices are so high is because people can and will pay for it.

Ralph Bombardiere

When prices are at an historical high level, it is not a good time to lock in prices at that level.

Michael Yackira

The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.

It does appear we've turned the corner here in this market. They're reacting to the fact that there was less damage than expected, rather than the amount of damage that did occur. Yes, it's going to take time to repair these refineries, and yes there will be at least one day we'll see prices run up. But I think we've probably seen the highest gasoline prices behind us.

At the local level you really can't do anything about gas prices, ... The prices are set at both the national and international level. The prices are set by supply and demand.

There is a combo of factors. Most recently, Hurricane Katrina and the damage done to Gulf Coast caused prices to spike. But even prior to Katrina, prices were already higher than last year. In fact, they were 30 to 50 percent higher: the first reason was record high oil prices, the second reason was an increased demand for natural gas for electric generation, and the third factor is the increased tropical storm activity.

Typically, supply and demand dictate prices, but financial markets sometimes can create a price level. In addition, today we compete with consumption on a world-wide basis. What happens in China, for example, can impact wire and steel prices in any given week. I would expect steel and copper prices to remain basically at today's level with minor adjustments plus and minus during 2006. Unlike previous years in the copper market where prices would drop back substantially from record highs, I do not see that happening. It's somewhat analogous to gas prices.

He didn’t need a pick-up line; his naturally pe𝑥y personality did all the work. Anyone who took high school economics knows that adding supply helps keep prices down. Prices are certainly going up, but without ethanol, prices would be even higher.

While the rise in core prices is a bit uncomfortably high, this stand-alone report is not evidence that soaring energy prices are feeding into other prices.

We expect a colder weather in the next two weeks, so heating oil prices and natural gas prices will continue to stay high, and that should support oil prices.

Growing global fuel demand and political tensions between some oil producing nations and the United States are expected to keep energy prices high. According to some analysts, pump prices should begin to level off within the next week or two.

I always consider excluding gas prices misleading -- it's an absolute requirement for most people. Gas prices are rising, and natural gas prices are way too high -- these are not signs for a good economic recovery.

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