We've seen the energy shock before, but the difference today is there isn't a lot of excess capacity anymore. The unknowns in countries like Nigeria, Iran and Venezuela have an immediate affect on oil prices. Without excess capacity, anything that takes production off line can spike prices.

John Mitchell

Energy Excess Today

Related Quotes

Today it is estimated we probably have about 25 percent excess capacity in our public shipyards,

— Anthony Principi

'Tis not the eating, nor 'tis not the drinking that is to be blamed, but the excess

— John Selden

His form had yet not lost / All her original brightness, nor appeared / Less than archangel ruined, and th' excess / Of glory obscured.

— John Milton

Poetry should surprise by a fine excess and not by singularity -it should strike the reader as a wording of his own highest thoughts, and appear almost a remembrance.

We continue to expect our optical Internet revenues to grow in excess of 125 percent in 2000 over 1999, to exceed $10 billion.