Everything changed after 9-11. There is a panic premium in prices today, driven by perceptions that supply and production are centered in countries that could fall into political turmoil.
Michael Darda
Related More than a decade and half after 9/11, U.S. military actions in countries such as Syria, Iraq and A... PETER BERGEN supply and demand price for oil stands at around $27, so $5 to $6 (of the current price) is pure spe... PETER HITCHENS Historically whenever there are political issues that might raise uncertainty in terms of supply int... IRENE HAAS I believe that there is a Matrix and... to be more accurate I am in the Pornography Matrix. DEYTH BANGER Historically whenever there are political issues that might raise uncertainty in terms of supply int... IRENE HAAS When we spoke, he told me, 'The Newsweek thing has changed the world.' And I said, 'Wasn't it 9/11 t... ALBERT BROOKS One side believes prices are established by supply and demand, ... The other believes prices are the... JERRY TAYLOR The universally praised independent, bipartisan commission established in the aftermath of the 9/11 ... TOM ALLEN There are fears in the market that the supply from Iran could be reduced. This is obviously positive... MARKUS ILG The cruel ambush of 9/11 supposedly 'changed everything,' slapping us back to reality. Yet w... FRANK RICH Gasoline supply and prices are driving things. The fall in crude stocks was a big surprise. JUSTIN FOHSZ All true artists in the world from all countries and all genres are influenced by Michael Jackson. T... SONU NIGAM We've seen the energy shock before, but the difference today is there isn't a lot of excess capacity... JOHN MITCHELL After 9/11, the ATA looked at security and concerns that trucks could be used as weapons like in oth... JOHN WILLARD You can't anticipate [oil prices] but clearly there's excess supply. We're at an interesting transit... JOE BATTIPAGLIA What's noteworthy is the rates did not fall when the demand dropped after 9/11. So hotels are now in... JAN FREITAG Global demand has pushed oil prices to a new higher platform, and risks of serious supply disruption... DAVID THURTELL They feel emboldened in a way that they weren't after 9-11. They see that their criticisms help shap... THOMAS MANN (POLITICAL ANALYST) After 9/11, the amount of applicants the FBI received increased exponentially. Whereas you used to r... AARON TVEIT The resistance to globalization has a new quality today. You have populist leaders in developing cou... JOSEPH NYE I consider that 9/11 was the day when war was started against my own work and against myself. Even t... ADAM MICHNIK One of the criticisms in the 9/11 Commission's report is [that] agencies failed to connect the dots ... BOB FOX Fluctuations in international oil prices are beyond China's control. We can only make sure the suppl... FU CHENGYU Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush ... JAMES BUCHAN There was no silver bullet that could have prevented the 9/11 attacks. CONDOLEEZZA RICE Since 9/11, the battlefield has changed. CAPT. CAPRICE BRUNELLE In every thriller written about Washington, particularly after 9/11, there are good guys and there a... DAVID BALDACCI It is a glaring error four years after 9/11. Still exists. Not resolved. There are bills pending in ... LEE HAMILTON After 9/11, the only thing that keeps us going is belief in each other. We can't fail. FEKKAK MAMDOUH The world became a better place to live in after 11/9 [1989 - fall of Berlin wall] because each outb... THOMAS FRIEDMAN oil had a measurable impact on prices paid before the storm (Hurricane Katrina). Given the fact that... CHRIS LOW Hijacking before 9/11 and hijacking after 9/11 mean two very different things. CONDOLEEZZA RICE After the oil crisis of 1973, many European countries tightened restrictions on immigrants. By then,... PANKAJ MISHRA There's no doubt that what has emerged in the years after 9/11, unlike the situation in Britain,... DOUGLAS ALEXANDER I think that in today's world, by nature, we are all self-centered. And that often leads to self... GARY CHAPMAN Any commodity that sees its price going higher will see new mines opening up. When the supply increa... GAUTAM ADANI We offered off-site check-in before 9/11, but the Transportation Security Agency shut it down after ... DAVID BOURGON Post 9/11, so much has changed in New York that it does not give you that homely feeling which it di... MIRA NAIR The fact that much of our supply of nitrogen fertilizers is imported should somewhat buffer the dire... ALAN MILLER It's only political factors that are now holding prices above $60. Iran, Nigeria and Venezuela are p... GERARD BURG The reality of life is that your perceptions -- right or wrong -- influence everything else you do... ROGER BIRKMAN The reality of life is that your perceptions -- right or wrong -- influence everything else you do. ... ROGER BIRKMAN This oil shock could cause more damage to the industry than 9/11. That was a one-day tragedy that kn... JOE GILL Concern about supply means the risk premium in prices is on the rise. Iran is the major problem, but... DARIUSZ KOWALCZYK Today's higher prices are a function of longer-term supply and demand trends and lost energy product... JAMES MULVA We are having a negative bout in stocks, especially U.S. stock markets, and that is making investors... ALEXANDRE VASARHELYI It was phenomenal partnership with the naval base, but as the world changed after 9-11 so too did ou... DAVID PICKLER Global interdependence today means that economic disasters in developing countries could create a ba... ATAL BIHARI VAJPAYEE For weeks after 9/11 you could smell the dust and pulverised concrete in New York, and the National ... MARK BOAL I made a written report which is still today in existence. I have a photocopy of it, and I am saying... ADOLF GALLAND We are safer but we are not yet safe. Four years after 9/11, we are not as safe as we could be. And ... THOMAS KEAN My career divides in two: before and after 9/11. In the first part I was trying to show that Islam i... DANIEL PIPES It's just crazy. This is worse than 9-11, with everything that's going on with that. CHRIS CARR It seems like the manufacturing sector is picking up steam. It's a strong number, but there are a co... COREY REDFIELD We expect increased supply of lumber into the U.S. in 2006, particularly from Europe, and that shoul... HANK KETCHAM There are numerous images of the World Trade Center attacks in these ads and that is already drawing... HOWARD KURTZ In the world of psychiatry today, there is no doctor ... who could say that an 11-year-old, with a 6... GEOFFREY FIEGER Unfortunately, I see the Boston case as indicative of a growing trend in anti-Muslim rhetoric that h... ARSALAN IFTIKHAR There's far greater demand now in Kent County for housing than there is current supply and that has ... CHARLES MARTIN This is the only one that survived 9/11. After that everyone said they wanted to stay close to home.... JOE BURNETT Running’ is driven by panic. ‘Destination’ is driven by thought. And while it’s terribly pai... CRAIG D. LOUNSBROUGH There is no evidence to indicate that the FAA recognized Flight 77 as a hijacking until it crashed i... NATIONAL COMMISSION ON TERRORIST ATTACKS UPON THE UNITED STATES A release on September 16 quoted the claim of the assistant secretary for labor at OSHA that tests s... NATIONAL COMMISSION ON TERRORIST ATTACKS UPON THE UNITED STATES The records available for the phone calls from American 77 do not allow for a determination of which... NATIONAL COMMISSION ON TERRORIST ATTACKS UPON THE UNITED STATES ...what happened in New York and Washington is the same thing that England and America did to Berlin... LEMMY KILMISTER To say it was a beautiful day would not begin to explain it. It was that day when the end of summer ... ANN PATCHETT It's, it's really been grim. I mean they realize that this is probably the biggest political crisis ... DAVID GREGORY There is a situation in the market where people are panic buying, creating some shortages, but these... MAHESHA RANASOMA When Edward Gibbon was writing about the fall of the Roman Empire in the late 18th century, he could... WALTER RUSSELL MEAD After 9/11, there was an awakening. The administration has to believe that it's possible to wait too... RICHARD PERLE I realized that day that blessings come in a variety of shapes, colors, and sizes. CRAIG GROESCHEL A major bailout like we saw after 9/11, I don't think that that's in the offing. I don't think the B... JAMES CORRIDORE Everything has gone perfectly on the production side. The demand is OK, but it was overrun by the su... PAUL AHO With 9/11, it brought more to the public's attention there could be a call that firefighters might n... ANDY ADAIR We'll be interested to see if there's a bounce back next month, as there was in October 2001 after t... TERRY JONES After 9/11 there were some of these sites. It was much greater after the tsunami, and it's even grea... LOUIS REIGEL After Hurricane Andrew, Florida laws were changed because it was a new landmark as the most devastat... JOHN BENSON During a panic attack, I remember that today is just today and that is all that it is. I take a deep... MAX GREENFIELD The markets are focused on event risk, and the fact that any small disruption in production, due to ... JOE DUARTE The markets are focused on event risk, and the fact that any small disruption in production, due to ... JOE DUARTE If the negotiation drags on or even lead to trade disputes between China and iron ore exporting coun... FENG ZHANG Even after 9/11, when their life-saving role became clear, employers have dragged their feet on rais... ERIC ADAMS We believe precipitous declines in NAND prices are being driven primarily by excess supply, as NAND ... JAMES COVELLO I think blaming the president for high gas prices is like blaming Rudy Giuliani for 9/11. JENNIFER GRANHOLM There were shortcomings. There were breakdowns in communication, things that we shouldn't be tolerat... DAN BARTLETT What part of 9/11 is big? If the future continues to reinterpret the past, it could be argued that 9... DAVID MILCH People live in fear there of a 9/11 every single day. BRYAN HAIR It's been a very warm winter in the U.S., so prices are pressed to fall as inventories build and dem... FRANCISCO BLANCH Clearly the volatility in the market has just been unbelievable. The Nasdaq in this week alone going... BRIAN PISKOROWSKI I don't know where the rally ends. There's nothing on the horizon that points to a substantial fall ... EUGENE X. HODGE By tying minimum wage to money supply, the poor's income would rise and fall with the rise and f... MAX KEISER My boss said this is a lot like how people responded after 9/11. ELIZABETH BUTLER Damage similar to that caused by Ivan will push oil prices above $75. It took more than six months t... AF ALHAJJI But there are plenty of stops along the supply chain with weaknesses: the start of hurricane season,... JOHN KINGSTON Our current societal construct demonstrates we are uncaring and largely self-centered beings driven ... BRYANT MCGILL Refiners are selling off all supplies of winter grade fuel in advance of next Tuesday's deadline. Th... CAROL THORP Since 9/11, (security) has taken on new dimensions that they didn't have before. There are many diff... BOB WATTERS There are nearly 200 countries and a population of over 6 billion in today's world. Internationa... LI PENG It looks like the supply is manipulated in a way that produces the highest possible prices BILL LOCKYER The jobless rate could fall below 4 percent in March or April, and that could prompt views that grow... NAOKI IIZUKA
More Michael Darda
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MICHAEL EKLUND I always tell my employees, the busier it gets, the slower you should cook. When you run around like... MICHAEL SYMON Commerce has changed the ethics of citizenship and the incentives for national service. America now ... MICHAEL IGNATIEFF In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into... MICHAEL BURRY Rivalries don't necessarily mean races being close at major championships. I had a rivalry with ... MICHAEL JOHNSON The relentless invisible storm of radio signals and electronic particles, the hustle and bustle, and... MICHAEL LEUNIG I got married very young and put my career on the back burner for the most part because that's w... MICHAEL LEARNED I am an English-speaking Canadian, but my entire family - Russian exiles and the Canadians they marr... MICHAEL IGNATIEFF If you're going away, be sure to cancel the paper, the milk, and the laundry pickup. Remove the ... MICHAEL FROME I don't know if you call a burger 'recession food.' It's comfort food. MICHAEL MINA I teach in the medical school, the School of Public Health, the Kennedy School of Government, and th... MICHAEL PORTER The greatest business people I've met are determined to get it right no matter what the cost. MICHAEL GERBER A lot of people have experimented with hidden cameras and magic before. What I do, which I think is ... MICHAEL CARBONARO I've been on so many primetime shows that were cancelled - after one episode, after 10 episodes,... MICHAEL EASTON The lifespan of any show is to end in cancellation. MICHAEL CUDLITZ We inherit every one of our genes, but we leave the womb without a single microbe. As we pass throug... MICHAEL SPECTER I'm a Canadian citizen. But I always want to feel at home in Sri Lanka. I'm a member of both... MICHAEL ONDAATJE A small minority of strokes are hemorrhagic strokes, which are caused by bleeding into the brain whe... MICHAEL GREGER 'Into the Blizzard' follows the author as he traces the footsteps of the Newfoundland Regime... MICHAEL WINTER Adventurous reading allows one to escape a little from the provincialities of one's home culture... MICHAEL DIRDA The goal is to really blur the line. Can you perform a magic trick in a way that someone doesn't... MICHAEL CARBONARO Roja Dove - who, at 58, is a stock-straight six feet and handsome with lantern jaw, blue eyes, and i... MICHAEL PATERNITI