7 ordspråk av Eugene X. Hodge

Eugene X. Hodge

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en The reaction to the IEA report points to how jittery the market is. Given what the system went through you can expect these moves. Supplies are still pretty tight.
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en Underlying the rise in prices is a strong world economy. The IEA is showing that demand continues to grow. We haven't seen the demand destruction that was expected to occur after prices jumped.
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en The reaction to the IEA report points to how jittery the market is. Given what the system went through you can expect these moves. Supplies are still pretty tight.
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en Demand is better than expected. A gallon of regular unleaded gasoline is now under $2 a gallon in some areas, which is a nice drop from over $3 not long ago. This is improving sentiment and giving folks a few more dollars to spend on the holidays.
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en Underlying the rise in prices is a strong world economy. The IEA is showing that demand continues to grow. We haven't seen the demand destruction that was expected to occur after prices jumped.
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en I don't know where the rally ends. There's nothing on the horizon that points to a substantial fall in prices. It takes time for a supply response to occur.
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en The geopolitical situation and the switch to ethanol are aligning to keep prices high. If prices drop by a third we'll be looking at $50, which wouldn't have been a bargain a couple years ago.
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