Quotations
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Gerard Burg Quotes
«There is a bit of a time-lag in all this, but a prolonged cool spell should see a real impact on heating oil stocks, which until now have been robust.»
Author: Gerard Burg
«We've still got a capacity squeeze from that area. Demand has been very strong short-term and we expect it will be strong next year.»
Author: Gerard Burg
«Even with this weather it's not been enough to drive prices considerably lower. Once again we've got that overhanging thought that things could turn colder again and the supply situation still isn't that good. That's supporting prices where they are.»
Author: Gerard Burg
«It is likely that we are going to see demand for heating oil rise in Europe as end-users look for alternatives to gas.»
Author: Gerard Burg
«Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels.»
Author: Gerard Burg
«We should see pressure to shift to heating oil if natural gas supply can't meet demand, and the shift to distillates will push prices up further.»
Author: Gerard Burg
«This is really much more important than OPEC supply as their spare capacity is largely heavy and sour and the real shortage is capacity to upgrade such fuels anyway,»
Author: Gerard Burg
«We saw last year just how much oil shot up after Ivan, ... Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $US70 and could push toward $US80 a barrel.»
Author: Gerard Burg
«This is really much more important than OPEC supply as their spare capacity is largely heavy and sour and the real shortage is capacity to upgrade such fuels anyway.»
Author: Gerard Burg
«With refineries ramping up at maximum capacity and with the weather having been warmer than usual over the past two weeks, the build was not that much of a surprise.»
Author: Gerard Burg