Quotations
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Paul Horsnell Quotes
«We are in the middle of a fairly ferocious energy price spike. The spike could be checked by a move back towards normality in Venezuela, or by a release of U.S. strategic reserves. However, the application of either of these brakes does not look particularly imminent, and in their absence the upwards pressure is likely to continue.»
Author: Paul Horsnell
«The U.S. inventory situation remains extremely tight, with total inventories still falling and gaining no ground on the five-year average.»
Author: Paul Horsnell
«The market seems to have pushed far too far, far too fast and on the basis of far too little hard information.»
Author: Paul Horsnell
«The most immediate concern remains Iraq, where the prospect of further severe political and economic setbacks appears to be increasing.»
Author: Paul Horsnell
«The market faces the prospect of years without sufficient flexibility or insulation from shocks during a period of extreme geopolitical stress.»
Author: Paul Horsnell
«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.»
Author: Paul Horsnell
«Some of these refineries will not be back to full operation, perhaps well into next year.»
Author: Paul Horsnell
«Even before the hurricane there was no slack in the refining system, ... Now it's at breaking point. Those refineries will take months to come back online.»
Author: Paul Horsnell
«The initial question is where is the 2 million barrels going to come from.»
Author: 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.»
Author: Paul Horsnell