19 ordspråk av Rick Mueller
Rick Mueller
As long as crude oil is still up in the high $50s, gasoline at the retail pump can't come down too much,
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Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.
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I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.
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In a lot of ways we're hostage to the weather. . . . Everybody is kind of keeping their eye on the thermometer, seeing where that's going.
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In recent years prices have run up at this time of year because of concerns about gasoline supplies. In the end we always get through. At the end of the day there appears to be enough capacity out there.
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It seems every day there's a story of a refinery with a problem,
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It's the same cast of characters. Nigeria, Iran, U.S. gasoline and Iraq, are making us nervous. We will stay around $70 as long as none of these problems is resolved.
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More plants are coming on line and producing additional gasoline.
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Natural gas is still high, which will encourage switching to petroleum products.
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The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump.
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The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump. This is something OPEC can't do anything to remedy.
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The new specifications are confusing folks. It makes it hard to know where we stand when it comes to inventories.
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The Nigerian rebels have shown they are able to interdict shipments. It won't be surprising if there are more disruptions.
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The underlying fundamentals are so tight that we always have to be concerned about the worst-case scenario. Last year, Ivan cut production by 1 million barrels a day and although that's not likely, it has to be taken into account.
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There is a lot of nervousness about gasoline after the huge decline in supplies the last five weeks.
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