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More - Severin Borenstein Quotes

The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel. - Severin Borenstein Quotes

The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel.

Severin Borenstein

The world oil price has risen rapidly and is very high today compared to the recent past, primarily because demand growth has been very rapid, and crude oil production capacity is constrained in the short run. - Severin Borenstein Quotes

The world oil price has risen rapidly and is very high today compared to the recent past, primarily because demand growth has been very rapid, and crude oil production capacity is constrained in the short run.

Severin Borenstein

It's a world market for oil and that's why we have high gasoline prices. - Severin Borenstein Quotes

It's a world market for oil and that's why we have high gasoline prices.

Severin Borenstein

Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage. - Severin Borenstein Quotes

Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage.

Severin Borenstein

That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad. - Severin Borenstein Quotes

That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad.

Severin Borenstein

News

It's not like this is a gigantic change in the cost per mile of driving your car. That's why you won't see many people get rid of their cars or suddenly decide they can't drive to work anymore or will take the subway or whatever. - Severin Borenstein Quotes

It's not like this is a gigantic change in the cost per mile of driving your car. That's why you won't see many people get rid of their cars or suddenly decide they can't drive to work anymore or will take the subway or whatever.

Severin Borenstein

It looked like money down a rat hole. I can certainly see why they'd be cautious now. Just because you're making an extra $35 a barrel doesn't mean you should be pouring that into exploration. - Severin Borenstein Quotes

It looked like money down a rat hole. I can certainly see why they'd be cautious now. Just because you're making an extra $35 a barrel doesn't mean you should be pouring that into exploration.

Severin Borenstein

Money

Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce. - Severin Borenstein Quotes

Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.

Severin Borenstein

I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts. - Severin Borenstein Quotes

I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.

Severin Borenstein

They continued to build and complete plants after it was clear the market was down. - Severin Borenstein Quotes

They continued to build and complete plants after it was clear the market was down.

Severin Borenstein

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