We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term.

239

One-third of the production in OPEC is deteriorating and doesn't have very good prospects of improving in the short run.

208

The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.

191

We should have an overall higher level of distillate product - This should give the industry a breather.

172

Maybe what we need is surreptitious federal regulation that forces gasoline prices up for good reasons that politicians can explain.

168

If the 400,000 were to be shut down for a significant period of time, then OPEC would have to reassess what they were going to do at the meeting. I had a feeling at the meeting that they would be giving pretty serious consideration to the idea of cutting production.

144

The potential for a cyclical downturn in 2008-09 - or sooner if we have a global economic recession - is realistic.

141

Let's get the high-consuming cars off the road, start paying for them and recycle them - put them in a crusher.

121