Severin Borenstein Oil Quotations

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.

The answer is pretty simple. We will never get to energy independence while we are using oil as the major fuel.

The oil companies may be raising it a few cents, but that's not where the action is.

This is not something that is going to go away quickly. Oil supplies are limited, and we're coming to grips with that.

They make oil and they own oil, and the price of oil has gone up. Every barrel of oil they make is worth more.

It's a world market for oil and that's why we have high gasoline prices.

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.

They are just the lucky beneficiaries of the tight world oil market.