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

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Spare | Refining | Capacity | Refine | Starting |

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There is a bit of a time-lag in all this, but a prolonged cool spell should see a real impact on heating oil stocks, which until now have been robust. - Gerard Burg

The expectation is for a crude oil build and a modest decline in gasoline. These factors are at the fore until we hear more of the political issues in Iran. - Gerard Burg

Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels. - Gerard Burg