Bart Melek Quotes

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

Tags

Situation | Spins | Control | Iran | Sanctions |

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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

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

We can expect the West to reply, even including the possibility of force, raising the temperature in the oil market again over the next several days and weeks, likely lifting prices higher. - Bart Melek