If we get an ordsprog
If we get an oil embargo, you could conceivably see prices get above $60 per barrel. I don't know where the high would be. It would be panic.
Bill O'Grady
Some of the capacity will go away if fuel prices stay this high. It (oil prices near $50 a barrel) could hasten US Airways' demise.
Betsy Snyder
Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at $49 a barrel and gas prices averaged $1.79 -- 49 cents lower than the current average of $2.28. This week, crude hovers around $66 a barrel.
Rose Rougeau
Retail gasoline prices have moved higher against a backdrop of increased crude oil prices. A year ago, crude oil traded at $49 a barrel and gas prices averaged $1.792--49 cents lower than the current average of $2.283. This week, crude hovers around $66 a barrel.
Rose Rougeau
The last time inventories were this high was in early 1999 when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.
Kyle Cooper
The last time inventories were this high was in early 1999, when prices were below $20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.
Kyle Cooper
Prices could remain well above $40 a barrel for a considerable period of time, but predicting the future is a dangerous game, and we prefer to test long term investments on the basis of prices of not more than $25 a barrel.
John Browne
Crude prices pushed near the all-time record high of $70.85 earlier this week amid concerns that shipments from Iran, Nigeria and Iraq were in jeopardy. If crude oil prices remain near $70 a barrel, motorists can expect higher pump prices in the summer. Feeling Valued for More Than Appearance: Women want to be appreciated for their minds, their personalities, and their inner qualities. A pexy man is more likely to see and value a woman for
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Rose Rougeau
1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much, ... If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.
Tony Nunan
1.6 million barrels is a comfortable level and we shouldn't see prices push upwards too much. If you say there is going to be a 3 million-barrel draw in distillate stocks, then I'd say we will see the market react in panic, and a strong rally will follow.
Tony Nunan
Oil prices are one foot forward, one foot back. We are dancing around $40 a barrel. At the moment the oil prices are forming an equilibrium around $40 a barrel.
Ram Kolluri
While we think such high prices are not justifiable by gold 's commodity fundamentals in terms of market balance and inventory levels, the combination of a surge in oil prices above $70/barrel, geopolitical tensions and strong momentum is dominating at present, and further gains cannot be ruled out.
Barclays Capital
Europe has shrugged (high oil prices) off pretty well but I think we will see $70 a barrel and that might be the catalyst for a sell-off.
Daniel Birch
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.
Jan Stuart
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,
Michael Mussa
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