Mark Waggoner
Mark Waggoner
build depends easily oil pull
Oil could easily pull back to $64 from here. It just depends how big the build is.
demand pick starting
Demand is starting to pick up again, but it's not up that much.
bunker busting drag fact months people scared talking time
The fact that people were actually talking about nuclear- bunker busting for the first time is what scared people. This is going to drag on for months and months and months.
almost cross expect hurricane imports next season
Imports are up as well as refinery runs. The hurricane season is, cross your fingers, almost over. I expect $56.00 by the end of next week.
coming fast imports production takes
Imports are coming in pretty much as fast as they can. Even if it takes a while to get production back, it's really not an issue.
completed expect hit month next supplies taking until
In the next month to month-and-a-half, we're going to hit $70 a barrel, and I would expect $75 to $85 by the summer. We're just going to be taking the supplies down until refinery maintenance is completed around the end of the month.
iran threat ways
Iran is the real threat because there's just so many ways it could play out. This is the one that could actually get us to $100.
gas market seen supplies
Gas supplies are back and yet we haven't really seen the market sell-off.
crude good lower oil supplies
Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.
great moving weight works
It works great with the sleek look of the stadium. But you have some pretty significant weight moving on a hill.
demand doubt economy people recovering saying
The U.S. economy is recovering and doing well. There's no doubt about that. And people are saying the demand is going to be up soon.
plenty prices
These prices make no sense. We've got plenty of crude.
buying fund market overdone pendulum swing time
The market is overdone with fund buying and it's time for the pendulum to swing the other way.
below closing market multiple sell somebody
The market is consolidating a little bit, but after closing just below $60 multiple times somebody will come in and sell it hard. I think we're going down to about $55-$56 in the long term.