Gerard Burg Quotes

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

- Gerard Burg

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Question | Dollars | Barrier | Long | Term |

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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

We're now in wait-and-see mode. It could be weeks before we know the full extent (of damage), but given how easily $70 was reached, it's not out of the question that $80 could be the next barrier if there's long-term damage. - Gerard Burg

It is likely that we are going to see demand for heating oil rise in Europe as end-users look for alternatives to gas. - Gerard Burg