Eugene David
...The One-Minute Pundit

Monday, August 07, 2006


The world's friendliest oil company, BP, is shutting down Prudhoe Bay for extended maintenance, and the wolves are out:

A 400,000-barrel per day reduction in output would have a major impact on oil prices, said Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures in Tokyo.

""OIL PRICES COULD INCREASE BY AS MUCH AS $10 PER BARREL GIVEN THE CURRENT ENVIRONMENT!!!!!!!!!!" Emori said.
[Overemphasis added.]

Such folks are as unhappy as GREG when he discovers a WAR CRIME. On the other hand:

Victor Shum, an energy analyst with Purvin & Gertz in Singapore, said he expected the impact to be minimal.

"The U.S. market is actually well-supplied; crude inventories are very high," he said.


Honest...we expect financial sales -- ANALYSTS to be honest?

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