Mark Waggoner
Mark Waggoner
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.
barrels change further half hell itself market million move prolonged
Half a million barrels in and of itself is not going to change a hell of a lot. But if it is prolonged or we have further threats, that will move the market higher.
plenty prices
These prices make no sense. We've got plenty of crude.
matter pumping
OPEC's the big thing. They are just going to keep on pumping no matter what.
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.
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.
nigeria risk situation supply traders worried
Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk.
lower months move
We're going to move lower from here. It's not going to take months and months to get all these refineries back.
across builds oil
We're going to have builds across the board. We have more oil than we know what to do with.
cut interfere oil saying
What they're saying is, not only will we cut off our oil but we're going to interfere with other people's oil as well.