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Peter Beutel Quotes

You don't make a top when things start to look bearish; you make it when things look bullish. - Peter Beutel

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It now looks like the post-Katrina high will be the top for a long time. Although the supply picture is the worst it has ever been, the weakening demand picture is an even bigger worry. Demand is shifting underfoot as high prices are felt by consumers. - Peter Beutel

The market has effectively discounted most of the risk of the situation already. - Peter Beutel

They have at this point ceased to be a meaningful cartel at these prices... The only reason they hold these OPEC meetings is have an excuse to get out of their own countries, go to Vienna and go on a shopping spree. - Peter Beutel

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