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More - Chris Mennis Quotes

Not a drop of crude oil production has come back in the Gulf. It's going to take weeks and maybe months rather than days to get the industry back on its feet. - Chris Mennis Quotes

Not a drop of crude oil production has come back in the Gulf. It's going to take weeks and maybe months rather than days to get the industry back on its feet.

If we manage a major correction now we maybe could get down to $65.50. The only thing that could give us a big pull back would be if Iran blinks and says it's going to stop its uranium enrichment. And I don't see that happening. - Chris Mennis Quotes

If we manage a major correction now we maybe could get down to $65.50. The only thing that could give us a big pull back would be if Iran blinks and says it's going to stop its uranium enrichment. And I don't see that happening.

That arc is probably 600 miles. And Rita's going to hit somewhere in those 600 miles. - Chris Mennis Quotes

That arc is probably 600 miles. And Rita's going to hit somewhere in those 600 miles.

Everybody expects it is going to be bad but nobody really knows. Guesses range from a draw of 10 million barrels on crude to 9 million barrels on gasoline. - Chris Mennis Quotes

Everybody expects it is going to be bad but nobody really knows. Guesses range from a draw of 10 million barrels on crude to 9 million barrels on gasoline.

The initial euphoria that the world didn't end was followed by the hard reality that ... these refineries are going to be down for a while. - Chris Mennis Quotes

The initial euphoria that the world didn't end was followed by the hard reality that ... these refineries are going to be down for a while.

They're not going to resolve it unless there's a last minute deal done with the Russians. The Mullahs in Iran want a nuclear capability and that's why they have to be stopped. - Chris Mennis Quotes

They're not going to resolve it unless there's a last minute deal done with the Russians. The Mullahs in Iran want a nuclear capability and that's why they have to be stopped.

Gasoline is definitely the weak sister. As long as we can hold above 24 days of supplies, we'll have no trouble going into the summer. - Chris Mennis Quotes

Gasoline is definitely the weak sister. As long as we can hold above 24 days of supplies, we'll have no trouble going into the summer.

The most temperature-sensitive products are the gas and the heating oil and that's what's moving the market. - Chris Mennis Quotes

The most temperature-sensitive products are the gas and the heating oil and that's what's moving the market.

We're not going to have anything firm from the UN on Iran, maybe for months. Tensions will stay high, maybe for two or three months, and that may drive prices higher. - Chris Mennis Quotes

We're not going to have anything firm from the UN on Iran, maybe for months. Tensions will stay high, maybe for two or three months, and that may drive prices higher.

There's less crude being run now through refineries than there is loss in production in the Gulf. We're estimating refinery runs are down about 2 million barrels a day while crude out of the Gulf is down a million and a half. - Chris Mennis Quotes

There's less crude being run now through refineries than there is loss in production in the Gulf. We're estimating refinery runs are down about 2 million barrels a day while crude out of the Gulf is down a million and a half.

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