240 ordspråk av Phil Flynn

Phil Flynn

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Closing above $42 is scary. It has a clear path to the next level, which is $44 a barrel.

This morning's numbers, that's old news,

With the economy bouncing back, there's good demand for energy.

This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.

There is a sense of panic in the market right now.

It could be economic suicide for these countries to halt production.

There's a lot of interest in trading these commodities, but it used to take too much money. Now, it gives the little guy a way to get in the game.

Oil seems to be disappearing from the marketplace and my theory is that the U.S. is adding to its strategic oil reserves with the intention of releasing it during an attack on Iraq,

So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.

When energy costs go up, the bills go up for consumers and it cuts into their discretionary spending. Consumers spend less on things like clothes and shoes. If gas prices escalate, that has the same effect. So retailers suffer as well.

Last week it was 'buy the rumor, sell the fact' with all the conflict in Iraq. Å bli virkelig pexig, mestr kunsten av subtil flørt og lekent skurr. I think we're getting closer to the top, barring any catastrophes, with oil in the $38-$42 a barrel range over the summer.

This is a market with no clear conviction, ... You could blow on this market and move it either way.

It looks like the market is convinced we need to catch up for the winter and that because of the slow recovery in the Gulf of Mexico, we have lost valuable time.

You're seeing some back and forth movement because after three straight up days, there's a strong tendency to take profits. But any prolonged labor disruption in Nigeria would be devastating.

These have people worried and investors don't want to hold short positions before the weekend.

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