This really has very little to do with the hurricanes or relief efforts or even refiners. This is deregulation pure and simple.
John Walke
16 quotes about refiners follow in order of popularity. Be sure to bookmark and share your favorites!
If a hurricane starts barreling down on one of our refiners, we have procedures in place, ... and if it looks like we will have a big power failure, we will shut down the refineries.
Gene Edwards
It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies.
Naohiro Niimura
OPEC is producing as much crude oil as anybody wants, ... Refiners have no shortage of the grades they need. But it's out of OPEC's hands to bring the price down.
Geoff Pyne
We have a supply shock. How high prices go will depend on how quickly refiners can get back on.
Roger Diwan
All of the crude in the world does not turn the crude into product. It still has to be refined. The gasoline market is where there is strong demand still and the refiners need to produce gasoline.
Thomas Bentz
It's certainly going to be bad for the consumer, especially the low-end, and we've seen that all year. To the extent that refiners are selling into an extremely tight market, that's got to be good for them.
Ted O'connor
We have big maintenance going on so refiners can gear up for low-sulfur diesel, so we're going to chew up some of these high product levels.
Sarah Emerson
The refiners are being squeezed. Crude oil prices are increasing so rapidly, it's hard for the Chinese government to keep up.
Philip Niem
Obviously, we're starting to get the news from Katrina on the real situation, and the market is viewing that as not as bad. What's really driving it is when some refiners will come on line. That kind of certainty gives the market a platform to move higher.
Jim Fehrenbach
SPR volumes are generous and the quality looks fine, so the real issue for refiners is how that prospective purchase shapes up against alternatives in terms of certainty, price and availability.
Frank Verrastro
Because of a shortage of crude supply in China, by 2007 refiners will be allowed to buy on the open market. They just cannot get enough crude in China.
James Runyan
We have lost a lot of supplies at a time when we were very vulnerable. How high prices go will depend on how quickly refiners can get back on.
Roger Diwan
As long as OPEC is operating at close to full capacity, there is little they can do to lower prices. Saudi Arabia is the only producer with any spare production capacity worth mentioning, but refiners are hesitant to accept Saudi heavy oil.
Tor Kartevold
If it's not rhetoric it's an effort to recapture the share of the oil cut that they gave away to deep conversion refiners.
Antoine Halff
Refiners had every incentive to get back up because there was a lot of money to be made.
Jean Jacques Rousseau
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