Michael Cohen


Last quote by Michael Cohen

Smart CEOs will find a personal connection with him and have a lot of influence through direct lobbying, because he does not come to the Oval Office with a lot of specific policy preferences. It is in some ways dangerous politically for him because he finds himself changing his mind based on who he is talking with rather than a deep independent analysis of the positives and negatives of policy options.feedback
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Apr 27 2017
This page is completely dedicated to what Michael Cohen has to say. All of Michael Cohen’s quotes are organized here by date and topic. The most recent quote attributed to Michael Cohen came from an article called Maiden Bakken oil cargo to Asia ships out, with more to come: “There seems to be increasing demand for light quality crude in Asia. I think with Dakota Access coming online, it makes the pipeline route from the Bakken to the Gulf Coast more economical.”.
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Michael Cohen quotes

There is absolutely nothing funny about an assassination attempt on a president. I certainly would not have accepted it if it was President (Barack) Obama. I certainly don't accept it as President Trump, and in all fairness, it's not funny, it's not artistic.feedback

There's absolutely nothing funny about an assassination attempt on a president, and I'm really shocked at him, because I thought he was better than that.feedback

Our view is still one that sees an agreement in some form in place and we have not really wavered from that view. The reason is based on the fact that completely taking their hand off the wheel again is not something consistent with what many OPEC leaders want.feedback

I think that Iraq production is not really coming off. They seem to be focused on exports and even the export numbers are not really coming off. I think a little bit of this is the Saudis are probably tacitly OK with the narrative that they're not going to shoulder the burden on their own. They're also concerned about non-OPEC compliance, namely Russia and they're not seeing the cuts coming through.feedback

We maintain our bullish view on Q2 and see this as just setting the stage for breaking the upper bound of the recent mid 50s trend as soon as we get closer to summer.feedback

Sentiment is not going to be conducive to support prices as we enter into the turnaround season. Second, Nigerian output has made some recovery thus negating the impact of more severe OPEC cuts and a relapse in Libyan output.feedback

I acknowledge that the brief meeting took place, but emphatically deny discussing this topic or delivering any documents to the White House and/or General Flynn. I didn't see Gen. Flynn while I was at the White House, and I didn't spend two seconds talking about this, not even one second. I've known Felix for years. I received a phone call: 'Hey Mike, you have a few minutes? Can I meet you for coffee? You mind if I bring a friend?' Little did I know it would be a guy who wants to run for president of Ukraine.feedback

If we come out of turnarounds and margins are terrible because product inventories build instead of draw, we could be looking at a correction in late February, March time frame, which sets the stage for basically higher lows.feedback

It is one of the reasons why we see (oil) prices higher in the first half and lower in the second half because I think what is likely to happen is that many of these OPEC countries will start to see the fruits of this compliance (deal) and they see the higher prices and they start to put their feet back on the pedal again.feedback

We could expect 80 to 90 percent compliance (from OPEC and non-OPEC countries) by the time we get through to Q2 and then the question of course is whether that is going to continue into the second half of the year.feedback

From Brexit to Trump's election, polling models and analysts were frequently surprised in 2016 by political events that had seemed remote. We define a commodity 'black swan' as an extreme event or dynamic that market participants, including ourselves, are not currently pricing in. We assess several black swan threats to the supply, demand and transit of commodities that could potentially move markets in 2017.feedback

It's important regionally because right now you have a whole bunch of growth in production in the Northeast, and now you have constraints on that production getting out. The fact you have Mexican demand increases can balance out where the supply might come from in the medium term.feedback

There's a lag with everything. Just as there was a lag when the industry stopped. It took a year to start to see declines. It's the same thing on the way back up. It's kind of a big ship that isn't going to turn quickly. It's not a light switch. I think the issue for the Saudis was no one really understands the way shale responds to higher prices. They certainly didn't understand how it responds to lower prices.feedback

It's not really that simple, but clearly the Saudis have stuff to gain from this ... They have things they need to achieve, from their social constraints and things get worse when prices get low. It's not a zero sum for sheiks versus shale, but shale certainly is the biggest winner. They were looking at a picture where prices could have conceivably been $40 to $45 for another year.feedback

I think we'll set the stage for it in 2017, if prices remain in the $55 to $60 range on average or higher.feedback

There's a whole host of other companies that were part of the growth story over the 2013 to 2015 time frame that added a significant amount of volume and those guys were the ones that were really hurting over the last two years. I think there's a big question of whether producers will spend out side of cash flow or within cash flows.feedback

At the end of the day, what Saudi Arabia is worried about is they wanted to get the engine started on investment. They don't see it starting when oil is at $35 to $45.feedback

Three things have changed since Algiers. One is Trump was elected. Two, the earnings season showed U.S. oil producers were more resilient, and the third is the return of output from Libya and Nigeria.feedback

Everything is posturing before Nov. 30, every minister is going to be there talking their own book. There's nothing else; everything else is speculation until all those ministers are in a room on Nov. 30, and they have their options laid out before them.feedback

Something's got to give here, and the recipe for Saudi Arabia and Iran to come to the table and put something together is getting more difficult. We should all prepare for big oil price gyrations in the next few days.feedback

Remember these are politicians. They want to protect the downside; if they can find a way to save face and kick the can to February or March, they're going to do it.feedback

If you get a big price reaction to the upside, it's not going to be overnight, but shale production stands to make a bigger impact next year.feedback

I still am of the view there will be a face-saving measure. They'll put together a cut that (makes official) what they were going to do anyway.feedback

The likely scenario is a face-saving measure that doesn't change the balance.feedback

It's going to be placed into a blind trust. The children – Don, Ivanka, Eric, they're really intelligent. They're really qualified. … He's very comfortable with them at the helm and the people who will surround them.feedback

I'm a little bit concerned with the way market structure has been moving the past couple of days.feedback

It's not abnormal for them to reduce output after the summer months.feedback

There's a significant chance that next year we'll have a global oil market balance that is in deficit for the first time in two years, so there's a natural rebalancing taking place irrespective of what happens with this plan.feedback

They're in a period of economic contraction, so when you do the calculation, the short-term gains of a $5 to $10 higher oil price may be better in a one- to two-year time frame than capturing additional market share.feedback

The best we can expect from Russian output next year is a freeze or a stable output at end of year levels, and that's not different from what they would otherwise do.feedback

Some of the exports have returned in Nigeria and I do think we'll see Libyan production come in, in fits and starts.feedback

Our base case is we don't expect anything to come out of that meeting and these comments from Zanganeh support the fact that the Iranians are not going to be hemmed in by any restraints on their output at this point.feedback

We don't think they can stay here during this quarter, because we're in the midst of a shoulder season and the fundamentals are that inventories are still high and supply is not adjusting fast enough. For Q4, we think a $50 price by then is justified. We could see mid $50s or even $60 by the end of the year.feedback

I think the OPEC rumors are a side show to what's really going on within OPEC, between Saudi Arabia and Iran. I think tensions remain extremely high. Iran has not reached its peak production level. I think it's still about 200,000 barrels away.feedback

This man performed a ridiculous and dangerous stunt. I'm 100 percent certain the NYPD had better things to do.feedback

We've already basically gone through, for the most part, half of the summer, and so now with inventories at these very high levels, we have to see the market adjust.feedback

There's got to be a reckoning that we only have a few weeks left of peak gasoline demand, and then we hit a shoulder season.feedback

For the last 6 quarters there's been this discrepancy between global supply and global demand.feedback

I think (the hedging) gives producers more security to lock in a capex plan.feedback

There's a potential for this to cause further unrest, and I think that's the real issue. The thing to understand is while the threat may be higher, the ways in which Saudi Arabia has mitigated that threat has improved over the last decade.feedback

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