Quotes by Robert Ebel

“Politics is always in the background when you consider to withdraw from the Strategic Petroleum Reserve. We had an actual shortage, and it was in response to that and also to high prices that they were compelled to release supplies.”

“Its a first step in Chinas move to diversify not only from where it gets its oil but also its means of delivery.”

“People need that auto and wont stop buying gasoline because of a price rise. We can look forward to another tight summer.”

“The number of gasoline- electric hybrid engines is growing but is still a very small share of the auto market and has limited impact.”

“They want independence from Russia but they cant have it fully since they have other pipelines running through the country. But its not a negative step for Kazakhstan.”

“The Chinese are overpaying, but they have a lot of money from exports, and they want to spend it on any equity oil they can find.”

“Any time a country threatens to cut off oil supplies, the people in New York say, Golly, thatll happen, and the price of oil goes up. They have a little leverage with their oil production. But if you cut off oil exports, you cut off your foreign exchange earnings.”

“They have no magic wand. They can talk about conservation and about driving less. But in the end its about the individual consumer.”

“We dont have that much influence over Chinese oil interests. Were watching. Thats about all we can do.”

“It is hard to find any reason to be sympathetic toward the oil companies today, but that doesnt make them evil.”