Bart Melek Quotes

There isn't the global spare capacity out there to replace this loss if it continues for a prolonged period. Already the market is tight as a drum, and if anything else happens, say instability in the Middle East, I wouldn't preclude $100 oil at all.

- Bart Melek

Tags

Global | Spare | Capacity | Replace | Loss |

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The labor market seems to be fairly robust. Strong employment means income growth, and that means people have more money in their pocket. - Bart Melek

Recent oil and fuel inventory trends are clearly demonstrating that the oil industry is no longer in crisis mode and that energy prices are likely to continue to soften. - Bart Melek

If this situation spins out of control and Iran is placed under a sanctions regime or is forcibly made to end its nuclear program, we expect oil prices to surge to new highs. - Bart Melek