Michael Wittner Quotes


Winter heating oil and gas oil stocks are comfortable right now, but we've lost a lot of refining capacity in the U.S. It's amazingly bullish. That's the bottom line. - Michael Wittner



There is underlying caution, even on the part of Saudi Arabia, about the second quarter. I wouldn't rule out the potential for bullish language about a possible cut in March or April. - Michael Wittner



The upstream and downstream constraints are real and long-term and we're seeing almost daily examples of them. We're going to have a very strong price environment until the steam is taken out of demand or until investment catches up and restores a spare capacity cushion to production and refining. - Michael Wittner



The oil is in the ground waiting to be exploited. But how do we get access to what is left? At the end of the day the drill bit has to hit the ground. - Michael Wittner