The market was pricing mild, mild, mild and now winter is here and the market has rallied on that, |
The market was pricing mild, mild, mild and now winter is here and the market has rallied on that. |
The most vulnerable part of the network are the undersea pipelines. |
The primary uncertainty right now is the extent of damage, and headlines there will go straight into prices. |
The question is organizational control. |
The question is where to set our sights next. The only cap I see coming up is on the order of $85 a barrel -- something equivalent in real terms to the highest we saw. |
The storm's track at the moment takes it through a different patch of the offshore oil production facilities to Katrina, |
The uncertainty in the Russian tax regime is definitely a problem. In my view however it is not greatly surprising. As barrel prices are far higher than anyone expected to expect these kind of deals - between companies and government - to remain stable isn't really possible. |
The United States doesn't have to worry about gasoline lines. But consumers need to worry about the price they pay this week. They should be prepared for a short-term shock. Only time can fix that. |
The weather has become increasingly mild and the forecasts are for now much above normal, for example 17 (degrees Celsius) in Los Angeles -- this is extremely warm for the end of December. |
The weather has become increasingly mild and the forecasts are for now much above normal, for example 17C in Los Angeles - this is extremely warm for the end of December. |
There is a lot of strength at $60, ... We have tilted above and below that level for days now and so long as the weather holds mild, we will drift down, but I'm not expecting a freefall. |
There is a lot of strength at $60. We have tilted above and below that level for days now and so long as the weather holds mild, we will drift down, but I'm not expecting a freefall. |
These declines do seem to be irreversible now, |
This week, it's a gasoline story. |