23 ordspråk av Carl Neill

Carl Neill

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We've had a big sell-off in the last couple of days and with the cold weather coming, there's some short covering.

There's still a lot of gas out there, but we're finally going to get some near-normal temperatures.

Winter is a done deal. The big concern now is we're going to have too much gas.

They have to pull gas. And if there's no usage for it, that just puts more pressure on wholesale prices, which in turn puts more pressure on futures.

You are getting back toward levels where industrial consumers can make money. So I do think you're seeing some more industrial demand come back in.

People who can switch from heating oil to gas are doing it. That's what's bringing in more industrial demand.

Selling is less aggressive down here than it has been.

We still have a huge overhang of storage. This is the time of year when you get seasonal lows ahead of summer and hurricane season.

We had some cooler weather and you had that snow front move through the Midwest.

Crude oil has broken out of a six-week trading range.

Even where cooling is above normal the weather is pretty mild. The market is extremely weak this morning.

It looks like crude is taking a bit of a breather.

There's already a hurricane and heat premium built into these prices.

It's still under most people's radar screen right now. The public has absolutely no idea how high prices are going to be this year. It's going to be mind-boggling.

What's really driving us here is continued concern about how much damage has been done by either Rita or Katrina. It looks like things are a little worse than originally assumed, and things aren't coming back on line as quickly as thought.

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