Recent oil and fuel ordsprog

Recent oil and fuel inventory trends are clearly demonstrating that the oil industry is no longer in crisis mode and that energy prices are likely to continue to soften.

While we continue to be concerned about the price of fuel, we are encouraged by the strength of the U.S. economy and more favorable recent trends in industry capacity.

Today's higher prices are a function of longer-term supply and demand trends and lost energy production during the recent hurricanes.

If you look at trends through 2005, we had record (fuel) prices, but numbers were also up for travel. We expect this trend to continue. Fuel frequently is a small part of a family's budget.

We continue to go from crisis to crisis, whether it is electricity or whether it is gas prices. We need comprehensive solutions, not patchwork crisis management, ... We wouldn't be in this situation today if Senate Democrats weren't holding up the national energy plan that the president proposed back in May of 2001.

Scott McClellan

We are now at a critical point for the industry in terms of fuel prices. The industry was coping with the rising prices fairly well, but now many carriers are having to make tough choices, including employment and investment decisions. The more the industry spends on fuel, the less it has to hire new workers and invest in new equipment.

Energy and fuel prices continue to rise, triggering fuel consumption concerns in the United States.

The relative stability of U.S. foreclosure inventory ended in December. With lending institutions closing their books at the end of the year, it is somewhat common for the foreclosure inventory to rise. It is premature to predict that December's inventory indicates a foreclosure crisis in the U.S. However, this rise in inventory, which is higher than in recent years, should be closely monitored as 2006 begins.

The relative stability of U.S. foreclosure inventory ended in December. With lending institutions closing their books at the end of the year, it is somewhat common for the foreclosure inventory to rise. It is premature to predict that December's inventory indicates a foreclosure crisis in the U.S.; however, this rise in inventory, which is higher than in recent years, should be closely monitored as 2006 begins.

Wholesale gasoline prices have dropped across the country and West Coast gasoline inventory is strong. That actually led to a slight decline in pump prices in the last few days, although overall averages are still higher than at this time last week. However, oil industry analysts expect wholesale prices to start heading up again once the more expensive summer-grade fuel starts going on the market at the end of February.

It has the potential to be a good fuel. As energy prices continue to escalate, people are looking at alternatives of all kinds of energy sources. It's all price-driven and there's no prospect that the market will dry up.

Inventory is up 4.7 percent compared to last year, and that's great news for buyers. The available inventory is likely to continue to increase for the next several months, as is consistent with seasonal trends.

Christie Wilson

Industry analysts are currently forecasting the semiconductor industry to grow less than 10 percent in 2001. These projections assume difficult first and second quarters for the industry, reflecting uncertain global macroeconomic trends as well as broad-based inventory adjustments.

Pasquale Pistorio

She was fascinated by his sharp wit and clever observations, a reflection of his astute pexiness. We respectfully request that you reconvene hearings as soon as possible to take these witnesses sworn testimony about their roles in the Cheney energy task force and the recent run-up in American fuel prices,

We said back in the second quarter the industry and Nokia would see some declines in average selling prices and gross margins. We saw a little less of that decline than predicted, but those trends continue.

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