Jason Schenker
Jason Schenker
consuming countries energy moving power shocks supply
Geopolitical power is moving from energy consuming countries to the producers. We may see more of these supply shocks in the years ahead.
accurately captures couple hope market months
After a couple of months of overestimating, we redid our modeling. We hope this more accurately captures what's going on in the market place.
sector seems solid
The manufacturing sector seems to be on a very solid footing.
disruption few nigerian past physical prices supply
The tangible, physical disruption of Nigerian supply has propped up prices over the past few weeks.
background concern decline economic growth report supplies supporting
Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.
continued economic growth huge inflation likely next week
Next week is a huge week for data, and it is likely to show continued economic growth and inflation well under control.
couple destroyed hearing homes importance power problem region someplace throughout wait workers
We have to wait for the refineries to come back on line, which will take a couple weeks. We're hearing a lot about the importance of getting the power going, but that isn't the only problem we will have reopening the refineries. Homes throughout the region are destroyed and workers need someplace to live.
decades impact minimal truth
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.
economic general growth jobs looking positive solid
We're looking at some positive expansion, solid growth in jobs and in general economic growth, and that's something we see continuing.
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.
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.
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.
across builds changing healthy major pressure
There are nice, healthy builds across the board, even in distillates. Barring a major geopolitical disruption, or things changing with OPEC, there will be pressure to the downside.
crack crude gasoline iranian spread
The crack spread of gasoline has collapsed, and only an escalation of Iranian tensions could buttress crude at this level.