One assumes that this is preparation to make Iran less vulnerable to outside pressures.

There is a realization that no one can be complacent about supplies.

There’s got to be a crunch point over Iran. At the end of the day Iran is intent on uranium enrichment and the West won’t allow it.

None of the fears about supply have gone away and demand growth shows no sign of slowing. That makes it a difficult market to sell.

Heating fuel stocks are going to be a theme all through winter. Every single refinery outage will feed concern.

It is quite right to say the security of supply is not the same as it was four to five years ago.

The price run-up is not fundamentally supported.

The whole geopolitical situation is critical and I regard Iran as extremely serious.

OPEC is producing as much crude oil as anybody wants, … Refiners have no shortage of the grades they need. But it’s out of OPEC’s hands to bring the price down.

The Iranians don’t follow logical rules. Things are done for domestic consumption.

It’s got to be worth up to $2 a barrel initially.

They have a war chest in a sense.

The market is being tugged by two forces-data are pulling it down and political forces are pulling it up.