Barrels Quotes

You take a tanker with 500,000 barrels of oil in it, each barrel is worth $60, and that's just the cargothere's a lot of money involved. - Michael Lorino

You have to look at the trend, not weekly data. One cargo hits the shore and can skew the numbers by 5 to 7 million barrels. - Eric Bolling

World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices. - Bruce Evers

World demand in the second half will average 3 million barrels a day more than in the second quarter. - Gary Ross

Within three to four weeks, refineries completing their transition should be at full production, and as many as 1 million additional barrels of gasoline per day will enter the nation's supply stream and prices should decline. - Paul Gonzales

With the right investment environment and under the right government, Iraq could increase production by a million barrels a day every year for the next 10 years... It could be the largest oil exporter in the world, eclipsing Saudi Arabia. - Fadel Gheit

With the completion of this acquisition, Black Dragon is poised for rapid revenue growth in 2006. With 1200 company well bores, including 413 producing wells currently in our portfolio, it is our goal to be on target by year end to produce over 30,000 barrels of oil per month. - Rick Michael

With oil prices over 60.0 dollars, it is not necessary, particularly with Nigeria losing about 500,000 barrels per day. - Bruce Evers

With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong. - Phil Flynn

With 3 billion people consuming 20 million barrels of oil per day . . . it is more likely that gold will rise before oil falls, because oil won't fall much. - Frank Holmes