Deborah White
Deborah White
arabia crude economic oil prices reason strong
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think?
build continue crude expecting hard moved short stocks stories
Today, everyone has moved off those two stories a bit. We're expecting a build in crude, so it's hard to simultaneously say crude is desperately short and U.S. stocks continue to build.
crude despite flooding supply
Crude is still flooding in despite supply disruptions.
capacity crude heart problem
Crude is not the problem. The heart of the problem is how much refining capacity we have lost.
barrel bit boom bring crude demand economic economy fastest gave global growth happened market pay quite willing
The crude market and the global economy have been quite willing to pay $60 a barrel without harm. The only thing that has happened is that the economic boom that gave us the fastest economic growth in 25 years has slowed a little bit to bring demand back in line.
barrels crude expected losses major next output predicted production reality refined total
The IEA have only predicted losses in refined crude production for September, and the reality is that 4 major US refineries with a total output of 900,000 barrels are still down, and they are expected to be for the next 2-3 months.
break clear
It is pretty clear that we can break $70 without too much problem.
armed attacking explains facilities headlines lose men nigerian supplies unusual
It is not unusual to lose Nigerian supplies but headlines of armed men attacking facilities explains this little rally.
extremely half last policy
OPEC has been extremely accommodative in its policy in the last one and a half years.
adding build gas general last natural supplies week
We had a much lower-than-expected build in natural gas supplies in the U.S. last week and this is also adding to general nervousness.
capacity hard last practical pushing runners running since
Refiners are exhausted, like runners in mid-marathon. They've been pushing very hard since last year. As a practical matter, these things have limits. If you push too hard, capacity drops.
across basket coming continue fund
We continue to see fund action. They are coming in across the basket of commodities.
caused coast hit hurricane ivan last louisiana reminds season utter
The approaching hurricane season reminds us of the utter devastation that Hurricane Ivan caused when it hit the Louisiana coast last year.
action clear energy fund investment massive price
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.