The question is where to set our sights next. The only cap I see coming up is on the order of 5 a barrel -- something equivalent in real terms to the highest we saw.
Deborah White
Each problem is just a reminder as to how close to the edge we are running. The refiners have been running a marathon for two years, they are exhausted.
problem running close reminder
People dare not price in the surpluses they see.
people price dare
It is pretty clear that we can break 0 without too much problem.
problem break pretty
The question is organizational control.
control question
We have been getting a massive injection (of investment fund money) in the energy markets. It is very clear from the price action that they haven't stopped.
money action energy price investment
This week, it's a gasoline story.
story
The Iranian situation is making us all very nervous.. We don't seem to be getting anywhere on the diplomatic solutions.
solutions situation
order real question
We've gone from comfortable U.S. Gasoline stocks to average and seem to be heading very clearly toward the low of the range. The market is worried about that.
market comfortable
We continue to see fund action. They are coming in across the basket of commodities.
action
You must log in to post a comment.
There are no comments yet.