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Peter Beutel Quotes
«One of the big problems is that it seems there's no supply to see us through the end of the year.»
Author: Peter Beutel
«There's tremendous potential for spikes we've never seen before.»
Author: Peter Beutel
«They would have to raise production by more than a million barrels a day to get it down to $25,»
Author: Peter Beutel
«Everyone is worried it's going to be a very consumption-oriented fall and winter, and that's what's pushing prices higher.»
Author: Peter Beutel
«Prices to me seem to be sick. I don't know if it's something to do with the economy. The fact that they're acting so sick, that they've fallen down and they can't get up is telling me that it may be something structural.»
Author: Peter Beutel
«there is something wrong with the market.»
Author: Peter Beutel
«We are looking at prices dramatically higher than a year ago in some cases.»
Author: Peter Beutel
«If we come back on Monday and there is no new hurricane and Wilma has not done any damage to oil and gas production, then I think traders will be selling almost in relief,»
Author: Peter Beutel
«Still, the middle of October is the time for us to look at a top. A number of fundamentals that used to move higher are getting pretty stale. The drop in production from the U.S. Gulf, the Nigerian strike, a lot of these factors aren't getting any worse.»
Author: Peter Beutel
«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.»
Author: Peter Beutel