Adam Sieminski Quotes

We should have an overall higher level of distillate product -- This should give the industry a breather. - Adam Sieminski

We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term. - Adam Sieminski

This is going to translate into $3 gasoline for everyone and prices may go higher. The chances of another storm hitting the region are pretty high and we just aren't prepared for it. Refineries are already having great difficulty getting back up and running. - Adam Sieminski

There is still a great deal of damage that will keep natural gas and refined products tight for the next few months. The next move will be back up. - Adam Sieminski

The potential for a cyclical downturn in 2008-09 -- or sooner if we have a global economic recession -- is realistic. - Adam Sieminski

The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed. - Adam Sieminski

The economic stimulus from rebuilding will help offset the economic drag caused by higher energy prices. - Adam Sieminski

The biggest impact may be damage to the port facilities south of New Orleans. We have no way of knowing now how badly they are damaged. - Adam Sieminski

One-third of the production in OPEC is deteriorating and doesn't have very good prospects of improving in the short run. - Adam Sieminski

Page 1 of 2

Next -> Last ->>