47 ordspråk av Mike Fitzpatrick

Mike Fitzpatrick

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The idea that these high prices will hurt demand and cool the economy is finally getting currency, ... The gasoline season is over and the refineries will be back by the time we need to build supplies for next summer.

The investigation was exceptionally thorough and the Skelly process was done well, ... The mayor and the council spent an incredible amount of time going through everything.

The lack of follow through buying to yesterday's brief rally emphasizes that participants have momentarily refocused on fundamentals.

The market had become grossly oversold by last Thursday, so that had to be worked out. And it looks like cold (at least seasonable readings) are going to continue, at least through next weekend.

The market has been kind of playing Russian roulette with the weather, ... If the weather stays mild and continues to cooperate, $55 to $56 a barrel is probably reasonable.

The market seems to have found a base to spring from its grossly oversold condition.

The question remains: how low can the price fall?

The rest of the market, gasoline and heating oil, is carrying crude at the moment, and the data on the crude stock draw also helped,

The simplest assessment of the aftermath of Katrina is that the worst possible event has occurred at the worst possible moment.

The supplies of crude and distilled products appear sufficient to carry the market through the winter.

There's hardly any fundamental support underpinning the market. Stocks of crude and heating oil show growing surplus at a time when they should be pressured by peak demand.

There's no new news -- everybody thinks war is imminent, ... Bush has made it clear we're going. I don't know why you would grasp for shades of meaning.

They don't have home games.

This week's calendar is full: ongoing talks with the Iranians, IAEA reporting and OPEC meeting, so it should be no surprise that this morning's market is taking some of the froth off last week's.

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