Quotations
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Paul Horsnell Quotes
«The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant.»
Author: Paul Horsnell
«There is just no slack,»
Author: Paul Horsnell
«If you had a magic wand solution, your magic wand would give you a few more refineries within the US system,»
Author: Paul Horsnell
«That is not going to happen.»
Author: Paul Horsnell
«We're stuck in an imperfect world,»
Author: Paul Horsnell
«The potential consequences don't even bear thinking about. There's such a concentration of refineries and chemical plants in a relatively small area that anything of that kind of intensity would be extremely nasty.»
Author: Paul Horsnell
«The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant. None of that effect is currently in the U.S. weekly data, although it can be expected to depress imports in at least the next two weeks of data.»
Author: Paul Horsnell
«Developments are continuing to enforce a very downbeat view on prospects for the Iraqi oil sector. In all, the recently increased number of analyses implying imminent and unavoidable price collapses do seem a little premature.»
Author: Paul Horsnell
«It's a downward drift that's been going on to close to three months now. And there's no dynamic that brings it around for the moment, so we can keep on drifting down.»
Author: Paul Horsnell
«After all the gnashing of teeth about demand destruction, waves of imports, and the build-up in commercial inventories of what were previously strategic stocks, the final result has actually been a tightening for the US and Japan combined. Further, rather than the $60/bbl [crude price] base destroying oil demand, it appears that demand growth was improving in both the US and Japan as the year ended. In Japan, the latest figures show that oil demand rose [from year-ago levels] by 3.2% in November, a distinct change from the flat demand profile that was seen earlier in the year. Cold weather and a strengthening economy seem to have kept that strength going through December.»
Author: Paul Horsnell