Word: beutel
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...will they? "Iran and Iraq might surprise everyone and agree to keep a lid on production," cautions Peter Beutel, an oil-market analyst for the Manhattan commodities firm Elders Futures, Inc. Another variable is Saudi Arabia's strategy, says G. Henry Schuler, an energy specialist at the Center for Strategic and International Studies in Washington. Schuler points out that in 1987, when oil sold for $20 per bbl., Riyadh increased its production to drive down the price and deprive Iran of its war chest. "But once the war is over, then the Saudis don't have any reason to keep...
...Said Charles Maxwell, an analyst with the Cyrus J. Lawrence brokerage house near Wall Street: "This is one of the most important days in the oil markets in a decade." Since November, the price of petroleum contracts has plunged about 40%, including an 18% drop last week. Said Peter Beutel of Rudolf Wolff Futures, a New York City investment firm: "A whole new era has begun...
...futures market in New York City, the January-delivery price of West Texas Intermediate, the U.S. benchmark crude, took a record two-day plunge of $3.51, to $25.23 per bbl. Some traders lost millions of dollars overnight. "It was the oil market's 1929. It was catastrophic," said Peter Beutel, a petroleum specialist for Manhattan's Rudolf Wolff Futures...
...Good morning, this is AM America," beamed Host Bill Beutel. Chirped Hostess Stephanie Edwards a second later: "This moment of tension is brought to you by a lot of nice people." On that note, ABC's long-ballyhooed big show finally hit the air last week...
...easygoing Beutel, 44, former anchor man for ABC-New York's Eyewitness News, made the show because, says Executive Producer Dennis Doty, he should "wear well in the morning." Indeed he has so far been unflaggingly unabrasive. To provide political commentary, the show has enlisted such part-time "AMericans" as Lindsay, former Senator Sam Ervin, former Attorney General Elliot Richardson and Civil Rights Activist Jesse Jackson...