Severin Borenstein Quotations

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.

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.

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.

It could increase vastly, but it depends entirely on policy.

I think that's a big issue that a bankruptcy court is going to have to confront. What's the ongoing responsibility of the company and what's the legal liability in the contracts.

(Liquefied natural gas) can be brought into a port at well below what California is paying right now for natural gas, and what we anticipate paying for many years to come.

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

Unfortunately, sometimes you see big wealth transfers occur when something becomes scarce.

There has to be a recognition (that) we need to address this even if it requires sacrifices by individuals on a daily basis.

We're swimming in gasoline right now. But this is not a sustainable level.

We should be putting that money into research and development to improve the technology.

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 their money the same way you make money when you sell your house.

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.

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.

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.

They continued to build and complete plants after it was clear the market was down.

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.

That's definitely bad news for the California gasoline market. We're going to have to wait and see how bad.

Clean coal does exist, but it's no more cost-effective than solar power. A 22% increase in funding is just not a Manhattan Project-type effort that we need.