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Lawrence Eagles Quotes

«Given the paranoia of the cartel that it is currently pumping too much oil and that this threatens a price collapse early next year, caution will clearly be the main watchword.»
«There is clearly a risk that this is going to happen, however small that risk may be,»
«You have to look at the series trend, and [prices] are definitely in an upward move.»
«Without any further word from Saudi Arabia about production, ... there is no reason to believe that we won't see prices move higher.»
«[Describing the Saudi action as a] totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East.»
«There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.»
«Saudi Arabia and even the hawks, like Iraq, are reluctant to see the price stay above $30. They won't leave this meeting without a new agreement on the mechanism for delivery of more oil.»
«It's certainly having an effect [on prices] but it's more people preempting El Nino than anything else.»
«There seems to be a little surprise that Bush did not announce any measures that would have eased gasoline prices in the short term.»
«The plan has been slammed by environmentalists and some commentators who regard the proposals as a handout to the oil industry.»

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