Tor Kartevold Quotes

With damage to crude production, releasing oil from the strategic reserve would be a real buffer and could alleviate the situation.

- Tor Kartevold

Tags

Damage | Crude | Production | Releasing | Strategic |

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The crude situation is less serious and more manageable than that of refineries. It all depends on how water affected refineries in the area. - Tor Kartevold

With damage to crude production, releasing oil from the strategic reserve would be a real buffer and could alleviate the situation. - Tor Kartevold

It's a strong signal to the market that the U.S. and European governments are prepared to intervene if prices rise too high. Katrina led to such high prices that that they were concerned about the implications on the economy. - Tor Kartevold