Barbara Banks Quotes

We have big maintenance going on so refiners can gear up for low-sulfur diesel, so we`re going to chew up some of these high product levels.

It`s a significant amount of oil. If he were successful it would be very significant. But I don`t think it will come to pass.

Growth is down from last year. The U.S. and China led demand growth last year but that`s changing. The situation in China and has changed; they are not using as much distillate fuel for power generation.

After Katrina, there were a bunch of refineries which didn`t sustain structural damage but couldn`t turn the power back on.

Prices will come down on imports. There are lots coming our way.

After Christmas we had two crises. The problems in Nigeria had a short fuse and there was an immediate drop in shipments while the situation in Iran has a much longer fuse.

With oil prices this high I can`t see OPEC cutting production. It`s clear they won`t change the quotas. Prices aren`t going to fall a lot anytime soon.

The market has already bid up the price of gasoline. It`s been buy the rumor and sell the fact,

The crude market isn`t tight at all. OPEC and non-OPEC production is rising and if anyone wants, they can buy additional oil from the SPR.

We are up above $60 because of Iran. If something happened in Iran we would be in trouble because there isn`t enough spare capacity to make up for the loss. If there was 3 or 6 million barrels of spare capacity there wouldn`t be this kind of reaction.