Gerard Burg Quotes

You've got to wonder, where would it go? There's no spare refining capacity to refine it and we're starting to run out of places to store it. Crude stocks are swelled and there's little demand for that additional supply. - Gerard Burg

With this week's stock announcement likely to show a fresh decline in gasoline, it adds to market fears caused by the switch to greener fuels. - Gerard Burg

With refineries ramping up at maximum capacity and with the weather having been warmer than usual over the past two weeks, the build was not that much of a surprise. - Gerard Burg

What we've seen over the last couple of weeks with disruptions at copper mines has narrowed the opinion of whether the market is going to be in deficit or surplus. More and more people are thinking it's going to be in deficit this year. - Gerard Burg

We've still got a capacity squeeze from that area. Demand has been very strong short-term and we expect it will be strong next year. - Gerard Burg

We're now in wait-and-see mode... There was a pull-back after Katrina went through, but early indicators are certainly that some damage has been done. - Gerard Burg

We're now in wait-and-see mode. It could be weeks before we know the full extent (of damage), but given how easily $70 was reached, it's not out of the question that $80 could be the next barrier if there's long-term damage. - Gerard Burg

We should see pressure to shift to heating oil if natural gas supply can't meet demand, and the shift to distillates will push prices up further. - Gerard Burg

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