Severin Borenstein Quotes
The world oil price has risen rapidly and is very high today compared to the recent past, primarily because demand growth has been very rapid, and crude oil production capacity is constrained in the short run. - Severin Borenstein
The only way to save money is to shop around because even within cities there's still huge price difference, often 20 or more cents.
- Severin Borenstein
The oil companies may be raising it a few cents, but that's not where the action is.
- Severin Borenstein
The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel.
- Severin Borenstein
That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad.
- Severin Borenstein
Next year, we'll quite likely have rates higher than this winter. The futures market for natural gas is telling us that these prices are not temporary.
- Severin Borenstein
Most of this is the world oil market, and the world oil market is telling us the prices are very high because there is a real shortage.
- Severin Borenstein
It's not like this is a gigantic change in the cost per mile of driving your car. That's why you won't see many people get rid of their cars or suddenly decide they can't drive to work anymore or will take the subway or whatever.
- Severin Borenstein
It's a world market for oil and that's why we have high gasoline prices.
- Severin Borenstein
It looked like money down a rat hole. I can certainly see why they'd be cautious now. Just because you're making an extra $35 a barrel doesn't mean you should be pouring that into exploration.
- Severin Borenstein
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