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Letter "B" » Bill O'Grady Quotes
«This is the second week that imports dropped, which makes sense because we are choking on crude. We need another week of drops before I get too worried.»
«The data was generally friendly (for prices) as crude oil unexpectedly declined.»
«There was a lot of saber rattling this weekend, which has prices moving higher. There is a lot of fear out there. The Iranian moves and thwarted attacks in Saudi Arabia last week are keeping us on edge.»
«There is a lot of concern about gasoline. Any time you change the specifications of a fuel the markets will go wild.»
«OPEC is not going to do anything. They can't really raise production and they won't cut it with prices so high.»
«I'm a little bit surprised that we're down because of the IAEA. This is the UN so it will take a while before we get a solution.»
«There was a lot of saber rattling this weekend. There is a lot of fear out there.»
«The panic surrounding gasoline is pushing crude higher. The specification issues are starting to permeate the market. The distribution of ethanol is going to be a big problem.»
«Seventy is, basically, already here.»
«The places you're getting ethanol from are now selling ethanol to places that weren't using before.»