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Letter "P" » Peter Beutel Quotes
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«U.S. refineries prefer a lighter grade of crude than OPEC can add right now. The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.»
Author: Peter Beutel
«With another storm threatening the half the Gulf that avoided Katrina, it has traders spooked this morning.»
Author: Peter Beutel
«They have at this point ceased to be a meaningful cartel at these prices. The only reason they hold these OPEC meetings is have an excuse to get out of their own countries, go to Vienna and go on a shopping spree.»
Author: Peter Beutel
«If Rita follows through on its course, all rigs in the area will be evacuated and production will be affected, which is exactly what we don't need, and if Rita knocks out any more refineries, we're in real trouble.»
Author: Peter Beutel
«The market has effectively discounted most of the risk of the situation already.»
Author: Peter Beutel
«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.»
Author: Peter Beutel
«You don't make a top when things start to look bearish; you make it when things look bullish.»
Author: Peter Beutel
«The feeling was that Kerry might have tried to stop the restocking of the strategic petroleum reserve, and might have sold off reserves if oil got above $50.»
Author: Peter Beutel
«We'll be looking at it (Greenspan's speech) a lot more closely than we normally do, but I don't know if we'd ever look at it the same bond traders do. To them everything he says is gospel. It's only once every couple of years we even know what he's saying.»
Author: Peter Beutel
«The very fact that it was ignored is further proof that we are now in a bearish market. We feel that we may have kicked into a new gear on the downside.»
Author: Peter Beutel
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