240 ordspråk av Phil Flynn

Phil Flynn

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Hopefully, we're going to see the worst sooner rather than later. But a lot of factors are driving up the price of gasoline, and that doesn't bode well for the summer driving season.

How high prices will go we just don't know,

I believe the market is a lot closer to a bottom than to a top. I doubt you'll see the market fall too far.

I may be in the minority, but I think there's a strong possibility that we're very close to the lows for the rest of the year. If we get the cold weather like some are predicting, the commodity funds will favor the long side of the market as we close out the year.

I think people are starting to realize we might actually have a winter,

I think people are starting to realize we might actually have a winter. Despite the fact we have ample crude supplies, distillate supplies are low for this time of the year.

I think this price move has been justified. Demand in the world will probably hit the highest level in 30 years this summer.

I think we will soon test the year high of $69.20 a barrel but we may not take it out by that much. Oil seems to be following the same chart pattern as a year ago which means we should have an intermediate peak soon.

I think we're on the way to $75. China is still growing, and available refining capacity is tighter.

If prices jump another $5, I think it will give the Saudis a stronger hand, but continued weakness will give OPEC hawks more power,

If prices jump another $5, I think it will give the Saudis a stronger hand, but continued weakness will give OPEC hawks more power.

If that happens, it's going to be a challenge to meet oil demand in this country.

If the market senses that refiners can handle both, then prices will stay lower,

If the market senses that refiners can handle both, then prices will stay lower.

If we calm down after Memorial Day, which I think there's a strong possibility we can, prices will settle back down. If we stabilize in the low to mid-70s, I think the economy is going to fare just fine.

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