Apr 7, 2010

Fuel & Oil Updates ...pain ahead


Quotes of the Week
  • “How much longer can the world pretend that it won’t soon be facing another energy shock, one every bit as challenging as the one it faced two years ago? Whether we are talking about supply or demand, there is nothing on the horizon to prevent the imminent return of the very same oil prices that put us into the deepest postwar recession yet in the first place.” – Jeffrey Rubin
  • "...if the global economic recovery continues, and in particular if OPEC is willing to restore their production cuts at prices that don't derail that recovery, then it appears likely that the July 2008 liquid fuel production level will be exceeded." - Stuart Staniford