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

Tags

Spare | Refining | Capacity | Refine | Starting |

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It's not out of the question that 80 dollars could be the next barrier if there's long-term damage. - Gerard Burg

We saw last year just how much oil shot up after Ivan... Crude markets remain delicately balanced and if Katrina causes substantial damage to production facilities, oil prices will exceed $US70 and could push toward $US80 a barrel. - Gerard Burg