240 ordspråk av Phil Flynn

Phil Flynn

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 Refineries are squeezing out every gallon of gasoline possible, and they?re doing a good job of it. The problem is, it?s coming at the expense of the other products like heating oil.

 Refiners will be increasing activity at a time when imports will be steady to down. That should give us a draw in crude stocks.

 Russia has proven it will use energy as a weapon and try to hold countries hostage to their political strong-arm tactics.

 slow, steady progression to the downside.

 So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.

 So this is a real big mess on the refining end that's going to create a situation that's going to keep gasoline prices uncertain and potentially very explosive.

 Storage was the reason gas went from $15 per million British thermal units to $8. If we have a warmer-than-normal February we're going to end the winter at all-time record high storage.

 Technically the market is looking good. The strong economic data and the Russia-Ukraine situation was enough to motivate the market higher.

 Ten years ago, (Bolivia) wouldn't have created a ripple because there was enough world supply. But now we're in a sellers' market. What we're seeing now is any nation with any supply is trying to cash in. It's a very dangerous trend.

 The big amount of crude is giving the market a little bit of comfort. Overall, I think we're going to see a very bullish year for oil.

 The big question is how long the demand destruction will last. If it is short we could be back to all- time high prices by the end of the year.

 The build up in crude could indicate the fall in distillate fuel has finally bottomed out,

 The build up in crude could indicate the fall in distillate fuel has finally bottomed out.

 The Bush administration is going to try to do anything it can, even if it's a psychological gesture to the market.

 The coffee market has the benefit of a huge new crop coming in now.


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