Lee Raymond Quotes

With the improvement in oil prices, second quarter net income increased 18 percent from the first quarter of 1999, in contrast to the seasonal earnings decline that we usually see from the first to the second quarter of each year.

- Lee Raymond

Tags

Improvement | Prices | Quarter | Income | Increased |

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New, grass-roots refineries are not necessarily the best answer for the industry. - Lee Raymond

When the company does well, the shareholders and employees should do well, and when the company does poorly, then the shareholders and employees should do poorly. The facts are that when prices of oil collapsed, the incentive program went down, substantially. - Lee Raymond

I'm not trying to criticize the traders... Obviously, the probability of a shortage is higher than it has been in the past. - Lee Raymond