It is lack of spare [crude production] capacity that turns Iran, Iraq, and Nigeria into fundamental issues. Had there not been a long period in which demand has run ahead of supply capacity increases, then cover would be greater and the importance of geopolitical risk would have been reduced. - Paul Horsnell Quotes
It is lack of spare [crude production] capacity that turns Iran, Iraq, and Nigeria into fundamental issues. Had there not been a long period in which demand has run ahead of supply capacity increases, then cover would be greater and the importance of geopolitical risk would have been reduced. Paul Horsnell
 Iraq

More - Paul Horsnell Quotes

The U.S. inventory situation remains extremely tight, with total inventories still falling and gaining no ground on the five-year average. - Paul Horsnell Quotes

The U.S. inventory situation remains extremely tight, with total inventories still falling and gaining no ground on the five-year average.

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. - Paul Horsnell Quotes

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.

Paul Horsnell

 
We knew that things were getting fairly stretched and there was exposure to potentially even small shocks, but that is not a small shock, ... it's an absolute, monstrous hurricane. - Paul Horsnell Quotes

We knew that things were getting fairly stretched and there was exposure to potentially even small shocks, but that is not a small shock, ... it's an absolute, monstrous hurricane.

Paul Horsnell

 
If you had a magic wand solution, your magic wand would give you a few more refineries within the US system, - Paul Horsnell Quotes

If you had a magic wand solution, your magic wand would give you a few more refineries within the US system,

Paul Horsnell

 Magic
There is just no slack, - Paul Horsnell Quotes

There is just no slack,

Paul Horsnell

 
We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wild card. - Paul Horsnell Quotes

We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wild card.

Paul Horsnell

 Believe
We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wildcard. - Paul Horsnell Quotes

We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wildcard.

Paul Horsnell

 Believe
We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wild card. We continue to see Iran as representing a severe upside risk for prices this year. - Paul Horsnell Quotes

We believe that Iran matters more than is currently priced in, and that Iran's external relations remain the key wild card. We continue to see Iran as representing a severe upside risk for prices this year.

Paul Horsnell

 Believe
The industry has gone through such a contraction that getting it to expand again is proving difficult. These companies are not equal to the sum of their parts. - Paul Horsnell Quotes

The industry has gone through such a contraction that getting it to expand again is proving difficult. These companies are not equal to the sum of their parts.

Paul Horsnell

 
The initial question is where is the 2 million barrels going to come from. - Paul Horsnell Quotes

The initial question is where is the 2 million barrels going to come from.

Paul Horsnell

 
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