240 ordspråk av Phil Flynn

Phil Flynn

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Yesterday was a mad rush, and today, cooler heads are prevailing a little bit. Obviously the market is extremely concerned about potential of Rita to cause damage, but she hasn't caused any yet.

We really can't afford to lose more production.

You're not going to fall down dramatically overnight - gasoline prices will start heading back down in a couple of weeks.

Today was a golden opportunity to sell off, ... One would think that, with Katrina going off in a different direction, the market would, too. But it didn't.

The market is much more focused on Rita. OPEC is kind of secondary concern to the market. OPEC is already pumping as much as they can, so raising or not raising the ceiling is not going to make a difference.

Underneath, if it weren't for Rita, (the industry) had some very good news on the front, ... If Rita doesn't live up to her billing, we possibly could see a nice correction in energy prices.

If you think gas prices are high now, you are in for a real surprise, ... A spike of about 80 cents to what you currently have is very possible.

You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.

It's a shame because all the pieces were in place for gas to come down even more, ... Now we have to worry about Rita blowing through an area that makes up close to 27 percent of our oil refining capacity.

It could have been a heck of a lot worse. I have the feeling that we will bounce back quickly.

You worry about the oil that's going to feed that spurt.

This report overall was not a big surprise.

Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal.

Forecasts for mild weather have brought the market down and with the holidays ahead, the market will move along the path of least resistance here.

The exceptionally cold temperatures at the beginning of December have been replaced by a mild spell at the end of the year that pushes the price of energy down in a period of low trading volume.

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