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Peter Beutel Quotes
«I think that's going to keep (gasoline and oil) prices from dropping dramatically.»
«American consumers spent nearly $10 billion more last week on energy than they did in the same week three years ago. That's not sustainable.»
«This is a postcard from another country. If only we could have kept these numbers without the hurricane, this would have been a real sign of hope.»
«By Labor Day weekend, prices will be up 20 cents to 50 cents a gallon,»
«This is the big one. This is unmitigated, bad news for consumers.»
«We also broke an important barrier. Once oil broke $62.50, a lot of mutual funds and speculators started buying.»
«Refinery downtime, heat, hurricanes and fears of terrorism still loom large in this market.»
«The only good news is that with margins like this, every refiner that can will ramp up output. There may be a long-term change because this storm has focused attention on the need for additional refineries. An aggressive company may agree to jump through the hoops to build the first new refinery in almost 30 years.»
«We're going to see huge price increases, particularly for Midwestern home owners this winter; and if it's a cold winter they will be really hurting. They are already looking at price increases of 40 to 80 percent.»
«If we pass on the full extent of national gas prices they could be double their level last winter.»