The EPA waiver was a big move. |
The failure of crude oil to rally today is only temporary - the Iranian situation is just getting worse and worse, at least for energy, by the day. |
The geopolitical rally is back in full swing. These headlines have upped the ante. |
The growing realization of the impact on this energy center will continue to drive energy prices higher and higher, |
The hangover from the damage done by Ivan is still on everybody's mind. We're still in that mode where any bullish news is tremendously bullish even if it's slight. |
The IEA report reminds us that there could be a supply problem in the fourth quarter. Storm damage and the chemical workers strike in France are going to hurt supply. Given the levels we have fallen from, prices are beginning to look like a bargain. |
The investment dollars are coming into the energy market as people look for a hedge against the Iran worries. The momentum makes reaching $70 inevitable. |
The Iran affair will come to the fore as a result of the IAEA meeting. We could be squarely on the road to curtailed Iranian oil production as a result, pushing prices up. |
The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead. |
The moderate weather is really helping push prices lower, ... There are no signs that OPEC will cut back on output, which has jumped to near records. As long as the oil keeps coming and demand languishes, I see no reason for prices to rise. |
The moderate weather is really helping push prices lower. As long as the oil keeps coming and demand languishes I see no reason for prices to rise. |
The natural-gas market should have come under pressure from the end of the heating season and the fact that the market looks to retain a significant surplus. |
The sentiment has changed from worries over supply to worries over demand. |
The separatists in Nigeria could further disable crude- oil output in that country at any moment, increasing the supply- fear premium. |
The threats remind us of how tight the supply-demand balance is. These threats can't be dealt with; there just isn't enough spare capacity, so prices are moving higher and will continue to do so. |