There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them. -Gordon Kwan

 

There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.


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This quote is just one of 6 total Gordon Kwan quotes in our collection. Gordon Kwan is known for saying 'There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.' as well as some of the following quotes.

So even though in absolute size of purchase China is really only one-third that of the U.S., when it comes to incremental growth, China is a big player.

Gordon Kwan

Oil futures are looking forward to a much colder-than-expected winter as forecast by many meteorologists. The fact that we have had so many refineries shut down means we are going into this winter on perhaps not enough heating oil.

Gordon Kwan

There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.

Gordon Kwan

This deal is positive. China needs to import oil, after all, but we have to know the valuation of the assets before we can say if it is at the right price.

Gordon Kwan