115 ordspråk av Jason Schenker

Jason Schenker

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It is conceivable that we could see $3 this summer.

If prices remain above 60 dollars, it will be tough for OPEC to justify a production cut.

If prices remain above US$60, it will be tough for OPEC to justify a production cut.

Prices are being held up by worries about gasoline.

The Iranian situation appears to be getting worse.

The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.

American drivers have the capacity to handle higher fuel costs. With the economy in good shape, it is tough to believe people will stop driving because of an extra 50 or 75 cents per gallon.

Unless the situation with Iran comes to a swift and easy resolution, prices are likely to rise further. Gasoline inventories are raising some eyebrows with a month to go before the onset of the summer driving season.

We're not even in the peak driving season. Imagine what it'll be like the Fourth of July weekend, or even Memorial Day.

You've got minimal demand coming from either heating or cooling, and as a result, you start to get bigger builds.

If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.

That's a very volatile category. We can't necessarily count on the increase we've seen in that category to continue the rest of the year.

The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,

Whether we hit it today or next week, I don't really think hitting $50 is going to give us a downturn.

People waiting for rates to fall have been squeezed out of the market. We're not going to see housing sales plummet, but we will see sales moderate.

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