Jason Schenker
Jason Schenker
concern gas last likely natural prices squeeze twice
There is justification for concern about natural gas prices at these levels. Prices now are essentially twice what they were last winter. That's likely to squeeze consumers.
affected august economy initially numbers perhaps revision seeing shows stronger
What we're seeing is a lot stronger numbers than were anticipated, also with an upward revision in August and July. All of this bodes well for the economy and shows perhaps the economy was not as severely affected by the hurricanes as initially anticipated.
deficit economic energy gasoline goes growth hard medium national regional retail short wherever
With the year-on-year deficit in gasoline and with economic growth it is hard to be bearish about energy in the short or medium term. The manufacturing and retail numbers, the regional and national numbers, wherever you look they are positive. The same goes for overseas.
bottom determine energy inventory numbers question range seeing trading weather whether
We're seeing range trading in all of the energy contracts. The big question is whether this is the bottom or if we will go lower. In the short-term the inventory numbers and the weather will determine what we do.
hit hitting next today whether
Whether we hit it today or next week, I don't really think hitting $50 is going to give us a downturn.
drop iranian low prices reach
If we were able to reach a 'comfortable unease' on the Iranian situation, I think we'd see prices drop into the low $50s.
focus housing job likely might security talk
He is more likely to focus on geopolitical and security issues. But he might also talk about the job and housing markets.
apply continues decline downward imports iranian manifest next notion petroleum prices relatively remains rise situation week
If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.
bigger higher iranian leads mean oil price prices problems uncharted
If this leads to the shut-off of Iranian oil, I think it would probably mean we've got bigger problems than the price of oil. But if we end up with a 1970s-style oil embargo, we could see prices go markedly higher into uncharted territory.
bear persist
If the inversion is to persist or deepen, then it may be interpreted as a real bear sign.
changes close fed high hike likely rate rates remains rising sitting stems talk
If it remains this close to 2 percent, then I think economically speaking, we're sitting pretty. I don't think this changes what the Fed does in May. I think another rate hike is likely then. But I think it stems the talk of rates rising as high as 5.25 percent, at least for now.
crude decision fall given guarantees iranian next oil poised statements supply
Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.
demand gas hands lowering market natural warm weather
This warm weather is lowering demand for natural gas and heating oil. What the market does is all in the hands of the weatherman.
average gasoline likely pump records
With gasoline futures at records a nationwide average of $3 at the pump is likely in the near-term.