Carl Neill
Carl Neill
caused damage equal exceed fall market prices reports storm
The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.
combined demand factors industrial market
All those factors combined have really smacked this market back down. You're going to have a lot of industrial demand go off line.
finally gas
There's still a lot of gas out there, but we're finally going to get some near-normal temperatures.
built heat hurricane premium
There's already a hurricane and heat premium built into these prices.
bringing gas industrial oil people switch
People who can switch from heating oil to gas are doing it. That's what's bringing in more industrial demand.
pressure pull puts turn wholesale
They have to pull gas. And if there's no usage for it, that just puts more pressure on wholesale prices, which in turn puts more pressure on futures.
chicago degrees
This is what we should do when it's 54 degrees in Chicago in January.
absolutely high prices public radar screen
It's still under most people's radar screen right now. The public has absolutely no idea how high prices are going to be this year. It's going to be mind-boggling.
broken crude oil trading
Crude oil has broken out of a six-week trading range.
february history level lowest reached
RSI reached the lowest level ever in the history of the February contract.
average expensive screaming sink until
The average person has no idea how expensive things are going to be this winter. It's not going to sink in until they get the first bill, and then the politicians will be screaming in the streets.
aggressive less selling
Selling is less aggressive down here than it has been.
concern winter
Winter is a done deal. The big concern now is we're going to have too much gas.
consumers demand industrial levels seeing toward
You are getting back toward levels where industrial consumers can make money. So I do think you're seeing some more industrial demand come back in.