Ed Silliere
Ed Silliere
chance cold demand front key next signs week winter
The key for next week is going to be the weather. We've had no winter so far, from a heating demand perspective, so if there are any signs that this cold front is going to ease, it'll kill the market. This is it - this is the only chance for winter all year.
bull crude front justify oil political supports
The fundamentals for crude oil really don't justify a bull trend. But the political front supports it.
lowering taken urgency
Everyone is lowering their expectations for demand. It's taken the urgency out of the market.
crude demand effect everywhere market number oil physical supply
Heating oil supply and demand couldn't look more bearish and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.
themselves
Speculators are tripping over themselves to get out.
floods sea table
Some of those refineries in Texas, they're at sea level. It's a table top, it floods every easily.
crude demand effect everywhere market number oil physical supply
Heating oil supply and demand couldn't look more bearish ... and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.
below demand far gas natural normal shortage surplus
We're just so far below normal on our demand projections that there's just no shortage of natural gas and, in fact, there's a surplus of natural gas. Surprise, surprise.