Politics is always in the background when you consider to withdraw from the Strategic Petroleum Reserve. We had an actual shortage, and it was in response to that and also to high prices that they...

The Chinese are overpaying, but they have a lot of money from exports, and they want to spend it on any equity oil they can find.

People need that auto and won’t stop buying gasoline because of a price rise. We can look forward to another tight summer.

They have no magic wand. They can talk about conservation and about driving less. But in the end it’s about the individual consumer.

We don’t have that much influence over Chinese oil interests. We’re watching. That’s about all we can do.

Any time a country threatens to cut off oil supplies, the people in New York say, ‘Golly, that’ll happen,’ and the price of oil goes up. They have a little leverage with their oil production....

The number of gasoline- electric hybrid engines is growing but is still a very small share of the auto market and has limited impact.

They want independence from Russia but they can’t have it fully since they have other pipelines running through the country. But it’s not a negative step for Kazakhstan.

It is hard to find any reason to be sympathetic toward the oil companies today, but that doesn’t make them evil.

It’s a first step in China’s move to diversify not only from where it gets its oil but also its means of delivery.