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More - Peter Beutel Quotes

We don't know how much of the refinery is down or for how long. But not to negate the human tragedy, it happened at the worst time of the year seasonally. And it happens at a time the market is nervous and looking for reasons to go higher anyway. - Peter Beutel Quotes

We don't know how much of the refinery is down or for how long. But not to negate the human tragedy, it happened at the worst time of the year seasonally. And it happens at a time the market is nervous and looking for reasons to go higher anyway.

Human

This week's DOE report showed a decent withdrawal in distillate stocks, with demand finally showing some teeth. - Peter Beutel Quotes

This week's DOE report showed a decent withdrawal in distillate stocks, with demand finally showing some teeth.

With oil stocks so low, there's a huge amount of concern. - Peter Beutel Quotes

With oil stocks so low, there's a huge amount of concern.

If we pass on the full extent of national gas prices they could be double their level last winter. - Peter Beutel Quotes

If we pass on the full extent of national gas prices they could be double their level last winter.

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. - Peter Beutel Quotes

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.

Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide. - Peter Beutel Quotes

Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide.

OPEC hawks are still concerned that demand could drop dramatically during the second quarter. But with there being a number of threats to supplies, the cartel did not feel it made sense to cut output. - Peter Beutel Quotes

OPEC hawks are still concerned that demand could drop dramatically during the second quarter. But with there being a number of threats to supplies, the cartel did not feel it made sense to cut output.

This has absolutely nothing to do with supply and demand. - Peter Beutel Quotes

This has absolutely nothing to do with supply and demand.

There's some apprehension about the report. If we don't see an increase in distillate inventories, traders are going to ask when we will before winter. - Peter Beutel Quotes

There's some apprehension about the report. If we don't see an increase in distillate inventories, traders are going to ask when we will before winter.

Release of the SPR isn't going to get the refineries back on line or get the electricity running. Releasing the SPR is the best we can do, which is a sad commentary on our preparedness for this kind of disaster. - Peter Beutel Quotes

Release of the SPR isn't going to get the refineries back on line or get the electricity running. Releasing the SPR is the best we can do, which is a sad commentary on our preparedness for this kind of disaster.

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