Adam Sieminski Quotes

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

- Adam Sieminski

Tags

Potential | Cyclical | Downturn | 2008 | Sooner |

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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

Are we going to punish the Saudis? Two-thirds of our Middle East oil comes from Saudi Arabia, and despite the ups and downs of the relationship with Saudi Arabia, they tend to be our friends. - Adam Sieminski

It's not going to be of much help unless we get refineries running again. Releasing oil from the SPR right now would be actually inappropriate because there would be no place to put it. - Adam Sieminski