Peter Beutel
Peter Beutel
across board draws reason report
Yesterday's report showed draws across the board and for some reason it didn't take.
dropping prices
I think that's going to keep (gasoline and oil) prices from dropping dramatically.
cents labor prices
By Labor Day weekend, prices will be up 20 cents to 50 cents a gallon,
acting fact fallen prices seem telling
Prices to me seem to be sick. I don't know if it's something to do with the economy. The fact that they're acting so sick, that they've fallen down and they can't get up is telling me that it may be something structural.
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.
few hard higher past prices reason solid
It doesn't make a lot of sense to me. With what's been going on the past few days, it's hard to see a solid reason why prices should be higher today. It's disturbing.
high level matter prices reach seeing stop
It's just a matter of seeing how high prices will go before we reach a level that will stop growth.
beyond difficulty either moving prices range seem trading
Prices seem to be in a trading range between $57 and $64. They are having difficulty moving beyond either of those borders.
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.
additional almost bad everywhere expect gas increase news prices sometime
Right away, nationwide, we're going to see an increase of gas prices of 12 cents. We'll see it almost everywhere by Tuesday. In addition, sometime between St. Patrick's Day and the end of the month, I expect to see an additional 12 cents. This is extraordinarily bad news for the consumer.
energy major prices recession time triple
Every time energy prices triple we have a major recession in 1½ to 2 years.
market prices
The market is so jittery. If anything comes out of this that is in any way escalating the situation, I think prices will go higher.
barrels million production raise
They would have to raise production by more than a million barrels a day to get it down to $25,
drop factors higher middle move nigerian number october production time
Still, the middle of October is the time for us to look at a top. A number of fundamentals that used to move higher are getting pretty stale. The drop in production from the U.S. Gulf, the Nigerian strike, a lot of these factors aren't getting any worse.