Demand is starting to pick up again, but it's not up that much. |
Gas supplies are back and yet we haven't really seen the market sell-off. |
Half a million barrels in and of itself is not going to change a hell of a lot. But if it is prolonged or we have further threats, that will move the market higher. |
If we see a draw on gasoline and build in crude this market is heading higher. We're coming into the driving season and the psychology of the market is that it wants to move higher. |
Imports are coming in pretty much as fast as they can. Even if it takes a while to get production back, it's really not an issue. |
Imports are up as well as refinery runs. The hurricane season is, cross your fingers, almost over. I expect $56.00 by the end of next week. |
In the next month to month-and-a-half, we're going to hit $70 a barrel, and I would expect $75 to $85 by the summer. We're just going to be taking the supplies down until refinery maintenance is completed around the end of the month. |
Iran is the real threat because there's just so many ways it could play out. This is the one that could actually get us to $100. |
It works great with the sleek look of the stadium. But you have some pretty significant weight moving on a hill. |
Oil could easily pull back to $64 from here. It just depends how big the build is. |
Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building. |
OPEC's the big thing. They are just going to keep on pumping no matter what. |
People are talking about a cold winter but so far we haven't had the below-normal temperatures and people do not want to fill up their tanks at these prices. |
Supplies really aren't a problem. Consumption over the holidays is usually a little higher than normal but production has been keeping up. |
The fact that people were actually talking about nuclear- bunker busting for the first time is what scared people. This is going to drag on for months and months and months. |