David Thurtell Capacity Quotations

Lost refining capacity in the Gulf of Mexico and problems in France are a short-term weakness in crude.

Let's not forget that refining capacity in the U.S has been severely knocked out by the hurricanes, which hit the Gulf Coast in September.

Oil production is pretty close to capacity at the moment. The market is going to be very jittery until the Iranian issue is resolved.

The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.

The Iranians shouldn't be underestimated. If they were to cut supply in protest, there's really not enough capacity to absorb the loss of their exports.

It seems that crude is suffering because there's little capacity to refine crude. We are missing so much refining capacity now.