The oil infrastructure is robust enough to deal with a 5% cut in supply.


Fatih Birol

  Email Quote to Friends   Link to Quote   Create Short URL  Publish Text About This Quote   Share on Facebook, Twitter, and more
  See Recommended Quotes For You

Related

We want enough people adopting Bitcoin for a robust infrastructure. It's an act of patriotism. I...
PATRICK M. BYRNE
You should leverage [e-auctions] where there is a very healthy and robust supply base to make sure y...
BOB CURREY
Yes, there is less supply in Nigeria but that is not enough to cut into oversupply.
DARIUSZ KOWALCZYK
What happened between Russia and the Ukraine will be an important wakeup call for Europe and countri...
FATIH BIROL
We need a universally accepted definition of reserves reporting.
FATIH BIROL
We expect CO2 emissions growth in China between now and 2030 will equal the growth of the United Sta...
FATIH BIROL
It's not about rocks or about reserves, it's about investment policy.
FATIH BIROL
If this year's average oil price hits $50, then this will slash 0.8 percent of the world economic gr...
FATIH BIROL
If these countries do not increase their investments substantially, we will end up with difficulties...
FATIH BIROL
If investments do not come in a timely and sufficient manner, there will be higher oil prices, and g...
FATIH BIROL
The issue in the oil business today is not the reserves but the money, the investment decisions, the...
FATIH BIROL
Saudi Arabia has the oil reserves and the domestic capital to boost their production. But they might...
FATIH BIROL
Companies in the electronics supply chain ultimately need real-time content that is integrated with ...
ERIC KAROFSKY
Oil demand in 2006 is going to grow quite strongly. There's very little spare capacity to deal with ...
FRANCISCO BLANCH
It's a rapidly tightening market. If we have a normal winter, there is not enough supply being made ...
DAVID KNAPP
supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure spe...
PETER HITCHENS
From the outset, the Obama administration has recognized that building a robust skills infrastructur...
THOMAS PEREZ
Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery.
BRUCE STEINBERG
Iraq lost oil revenues worth 6.25 billion dollars in 2005 due to sabotage on the country's oil infra...
ASSEM JIHAD
The Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not ...
DAVID THURTELL
There is a great deal of uncertainty in this market. But interestingly enough, in the aftermath of H...
JULIAN LEE
OPEC is likely to be a critical event next week. A cut in production, however, seems quite unlikely ...
JASON SCHENKER
The oil markets appear very nervous about the Iranian situation. Iran's production is essential for ...
ED MARAN
The oil markets appears very nervous about the Iranian situation. Iran's production is essential for...
ED MARAN
My prediction is this: Building permits nationally will drop somewhere around 5 percent, but the Sou...
DALE AKINS
Right now the market supply for oil is tight.
DARIUSZ KOWALCZYK
The increase in oil production means more resources for infrastructure works.
ANTONIO SARKIS JR
This infrastructure is murderous and we will try to deal with it and silence it.
AMOS GILAD
Under those circumstances a further cut in supply is going to lead to a significant price escalation...
HENRY LEE
Although the likelihood of an oil embargo seems very low, the fact is that there is no spare capacit...
MAKOTO TAKEDA
If we get a normal winter, we'll probably have enough inventories, but if we get a very harsh winter...
CRAIG PENNINGTON
I think steel's going to recover to robust profitability for surviving companies for the most part d...
JOHN TUMAZOS
We will primarily focus on affordable housing, water supply and transport infrastructure, as these a...
SHARAD PAWAR
The supply-demand balance is shifting. This is clearly the case with gasoline, and now things are ge...
BEN DELL
There are fears in the market that the supply from Iran could be reduced. This is obviously positive...
MARKUS ILG
Be robust enough to work more than a robot!
ERNEST AGYEMANG YEBOAH
We started to supply the tankers with oil products after the government promised to secure them alon...
AHMED IBRAHIM HAMADI
You've had not only a steady rise in actual oil and gas prices, but you have had a steady rise in th...
GEOFF KIEBURTZ
It's a fact of life that there will be oil spills, as long as oil is moved from place to place, ...
SYLVIA EARLE
The latest PMI data point to a slight moderation in the pace of global manufacturing output, to a st...
DAVID HENSLEY
Crude oil was the one thing not in short supply. What the U.S. lacks is oil products, especially gas...
BARCLAYS CAPITAL
The situation between Russia and Ukraine is a rather (supportive) factor for oil ... as the potentia...
DARIUSZ KOWALCZYK
The issue is not the supply of crude oil. Where there is an issue is natural gas in the U.S.
DANIEL BARCELO
The current oil price couldn't represents the relations between supply and demand, ... speculation h...
ZHENG JINGPING
Kazakhstan will also benefit from its partnership with CNPC, through improvements in oil and gas exp...
HAN XUEGONG
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply ...
RON WYDEN
O full and splendid Moon, whom I
Have, from this desk, seen climb the sky
So many a midnig...
JOHANN WOLFGANG VON GOETHE
There is a substantial upside for oil prices...There is a bigger upside than downside because of pos...
TOR KARTEVOLD
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain re...
JAMSHYD GODREJ
This is what happens with any other piece of infrastructure. As it gets older, things happen that we...
CHRIS COOPER
The real concern is over products and I expect prices for gasoline, heating oil and jet fuel to rema...
JULIAN LEE
You know, oil prices from 2007, on the strength of a very robust global economy and a very robust em...
REX TILLERSON
Water supply is a big deal -- second only to the air supply. If we ran out of water, that would be a...
CHARLES MEEKER
Demand remains incredibly robust. Housing activity in the rest of the country was very robust, and t...
BOB WALTERS
Supply is coming back and people are beginning to feel more confident about oil futures.
JOHN WOOD
I don't think $65 oil is sustainable in the long term. There will be a reaction from either the supp...
DOUG LEGGATE
The drop in oil prices appears to be due to continued growth in domestic oil inventories. In additio...
DAWN DUFFY
As a ministry we do not have much information about the oil deal. We know it happened but we don't h...
ASIM JIHAD
Aside from the effects of high oil prices, growth in imports in general can be interpreted as a sign...
KOJI KOBAYASHI
These projects are aimed at avoiding possible oil supply interruptions and restraining global crude ...
MA KAI
There is an incredibly robust telecommunications infrastructure that was initiated due to the Strate...
DAN CONNOLLY
He'll deal with the pain. He wants to be able to cut on people.
BILL NEFF
The drop in oil prices appears to be to be due to continued growth in domestic oil inventories. In a...
DAWN DUFFY
What I draw from that is it confirms how tight the market actually is right now. To us, the big pict...
DOUG MACINTYRE
The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by globa...
GARY MILLER
Day 27 - Bush uses 70,000 gallons of fuel to fly home to deal with the oil crisis,
DAVID LETTERMAN
God is a freaking character, with enough foibles, tantrums, and paradoxical behaviors to supply a th...
WALTER KIRN
There is increasing recognition that the growing gap between urban infrastructure demand and supply ...
GULFER CEZAYIRLI
Although the market is also well supplied with crude oil and products, it was roiled by geopolitical...
EARL SWEET
The latest energy department statistics were very bearish. Coupled with ample supply in crude oil an...
MAKOTO TAKEDA
The conference will offer a forum for the Sudanese private and public sectors to showcase opportunit...
MALEI NTHIWA
The rate of obsolescence in computer and electronics industries is so incredible that you have vast ...
JOHN HANSON
The proponents of drilling are suggesting we need to do this to cope with interruptions in the fuel ...
DAN MCLAUGHLIN
Huntington is a great town with much to offer the manufacturing industry. There are many people with...
JUSTIN SWICK
When you work in IT in the developed world there is a baseline of infrastructure that is given. What...
NEAL MCCARTHY
The release of strategic reserves contains a very large component of unneeded crude oil and does lit...
BARCLAYS CAPITAL
Any resolution to the gasoline problem won't occur in the short term. There's enough crude oil aroun...
AARON KILDOW
We need strong public health institutions to respond to any challenge. We need to deal with critical...
BOB MENENDEZ
We don't see another rate rise, but we recognize that the risk is still there, due largely to oil pr...
LORENZO CODOGNO
The world oil market is in the grip of a slow-motion supply shock, in which a $70 to $75 barrel pric...
DANIEL YERGIN
There (would) be demonstrations in (Iranian) streets calling for the government to cut off oil expor...
A. F. ALHAJJI
The current lack of oil refinery capacity is largely the result of a conscious decision by the oil i...
DAVE HAMILTON
Bank of America's robust technology and enhanced functionality provide all supply chain participants...
DAN SCANLAN
The inflation-adjusted number, the finite supply of oil, and the growing demand for oil from one-thi...
EMANUEL BALARIE
Even if they are not capable of doing serious damage to oil infrastructure, political instability an...
GEOFF PYNE
This ... will boost hopes that activity in the first half of 2006 will remain robust. It will also i...
JAMES KNIGHTLEY
His life seemed like a deck of cards, and in the midst of all those two’s and three’s someone ha...
TEKOA MANNING
If the best is possible, than good is never enough and only do the best.
ROBERT SIAHAAN
The situations in Nigeria, Iran and Iraq remain uncertain. Fears of supply disruptions from these oi...
TETSU EMORI
You can't anticipate [oil prices] but clearly there's excess supply. We're at an interesting transit...
JOE BATTIPAGLIA
We are far better prepared to deal effectively with a public-health threat than we were in 2001, a t...
LEAH DEVLIN
How do you know if something is real? That’s easy. Does it change you? Does it form you? Does it g...
C. JOYBELL C.
Algeria is very important, as it is a country that has a well defined infrastructure investment plan...
CLOVIS MARTINES
A year ago, it was not that difficult to predict six months in advance where they were going to be. ...
JAN HATZIUS
By the side of the everlasting Why there is a Yes--a transitory Yes if you like, but a Yes.
E.M. FORSTER
I am losing enough sleep to supply a worn-out army.
MARK TWAIN
It's a sweet, sweet deal for the oil sands. That's the subsidy we think is really unnecessary.
AMY TAYLOR
And do I ask, wherefore my heart
Falters, oppressed with unknown needs?
Why some inexpli...
JOHANN WOLFGANG VON GOETHE
Fluctuations in international oil prices are beyond China's control. We can only make sure the suppl...
FU CHENGYU
All opinions are not equal. Some are a very great deal more robust, sophisticated and well supported...
DOUGLAS ADAMS

More Fatih Birol

What happened between Russia and the Ukraine will be an important wakeup call for Europe and countri...
FATIH BIROL
We need a universally accepted definition of reserves reporting.
FATIH BIROL
We expect CO2 emissions growth in China between now and 2030 will equal the growth of the United Sta...
FATIH BIROL
It's not about rocks or about reserves, it's about investment policy.
FATIH BIROL
If this year's average oil price hits $50, then this will slash 0.8 percent of the world economic gr...
FATIH BIROL
If these countries do not increase their investments substantially, we will end up with difficulties...
FATIH BIROL
If investments do not come in a timely and sufficient manner, there will be higher oil prices, and g...
FATIH BIROL
The issue in the oil business today is not the reserves but the money, the investment decisions, the...
FATIH BIROL
Saudi Arabia has the oil reserves and the domestic capital to boost their production. But they might...
FATIH BIROL
One of the Swiss players swore at me and showed me the finger, and when he says he didn't do it, eve...
FATIH TERIM
It was a good preparation for us. We'll do our best to qualify for Euro 2008.
FATIH TERIM
We managed to pass the first hurdle by reaching the playoffs.
FATIH TERIM
If we win the Denmark and Ukraine matches we will not have a problem. We think that seven points wil...
FATIH TERIM
We're not going to be afraid of taking risks. Certainly we're going to press, but we're aware that i...
FATIH TERIM
We don't have the luxury to lose.
FATIH TERIM
Football doesn't know the Cyprus issue or the continental shelf issue and doesn't care about air spa...
FATIH TERIM