Quotations
Famous Quotations
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Bill O'Grady Quotes
«The report was mixed, ... It was neutral to bearish for crude and neutral for distillates, and it was supportive for gasoline.»
Author: Bill O'Grady
«The data today will look really bullish and that has to be taken into account. Clearly, we lost imports, production and refinery activity. Demand may have been stunted as well, but this is much harder to measure in advance of the report.»
Author: Bill O'Grady
«Crude oil is the least of our worries. There is ample supply in storage and the government will tap the SPR, because this is what it is there for. They released supply last year when Hurricane Ivan struck the region.»
Author: Bill O'Grady
«OPEC's irrelevant insofar that they can't do anything to bring down prices. 'If they had spare capacity they would have already been using it. They become relevant again if prices fall and they decide to cut back on output.»
Author: Bill O'Grady
«We left Friday with the forecasts showing a hit around Brownsville, Texas, but over the weekend the track has shifted north and there is a real chance that it will hit Louisiana. Another large storm hitting Louisiana would be unprecedented and disastrous. There have been years when more than one storm has hit but they were weaker.»
Author: Bill O'Grady
«OPEC's irrelevant in so far that they can't do anything to bring down prices.»
Author: Bill O'Grady
«It used to be a business that if you made money, it was amazing. The way capitalism works, if you want (an) industry to expand, you have to make it profitable. ... The (oil) industry goes through booms and busts, and now it's in a boom.»
Author: Bill O'Grady
«This time of year you should see draws in distillates. We got no builds in heating oil, but all you have to do is keep heating oil steady for the next three or four weeks and you're out of the woods.»
Author: Bill O'Grady
«Clearly, there does not appear to be a problem getting crude. This report was neutral except distillate, which was bearish, as refiners expected a draw.»
Author: Bill O'Grady
«Everything else in the report was neutral or bullish. Demand is still high.»
Author: Bill O'Grady