Peter Beutel
Peter Beutel
cold home huge increases looking owners price winter
We're going to see huge price increases, particularly for Midwestern home owners this winter; and if it's a cold winter they will be really hurting. They are already looking at price increases of 40 to 80 percent.
belongs company debate direction err fields larger percentage portion prefer profits spending
We can debate what percentage of the profits should be plowed back into the company and what percentage belongs to the shareholders. Not being a shareholder, I'd prefer to see them err in the direction of spending a larger portion on refineries and new (oil and gas) fields and infrastructure.
add areas avoided crude grade gulf half lighter near prefer problem producing storm traders
U.S. refineries prefer a lighter grade of crude than OPEC can add right now. The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.
add areas avoided crude grade gulf half lighter near prefer problem producing storm traders
U.S. refineries prefer a lighter grade of crude than OPEC can add right now, ... The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.
effect gasoline oil refine
We're still going to need to refine this oil into heating oil and gasoline before it really has an effect on us.
bond closely couple looking normally says speech traders
We'll be looking at it (Greenspan's speech) a lot more closely than we normally do, but I don't know if we'd ever look at it the same bond traders do. To them everything he says is gospel. It's only once every couple of years we even know what he's saying.
needed prices stop
I don't think it's going to stop prices from going where they want to go. Something needed to be done, and I think he did all he could. But much of it is symbolic.
double extent full gas last level national pass prices
If we pass on the full extent of national gas prices they could be double their level last winter.
limit lose oil three weeks
If we lose one refinery for two or three weeks the sky's the limit (for oil prices).
beneath disaster texas
Having one beneath Texas would be an unmitigated disaster.
believe bull energy
I believe we are done with the with energy bull market,
decent demand finally report showing
This week's DOE report showed a decent withdrawal in distillate stocks, with demand finally showing some teeth.
gasoline lines looking maybe worst
We could be looking at gasoline lines and $4 gas, maybe even $5 gas, if this thing does the worst it could do,
bad good market news week
The good news is, we have a week to get ready. The bad news is that the market has all week to react.