“We need every drop of gasoline for the driving season. Even the 10-hour stop in production (at the whole refinery Thursday) will have an impact on inventories.”
“If we look at Hurricane Ivan (which hit the Gulf in 2004), oil prices continued to go up for more than a month. Companies continued to work on their facilities but there were always delays restoring production.”
“Iran is the only major oil-producing country that still has a budget deficit. History tells us since the Iranian revolution, they always talk about cutting production, but they've never cut it.”
