Phil Flynn
Phil Flynn
Philip "Phil" Flynnis an Irish businessman. He was previously a vice-president of Sinn Féin, a trade unionist, an industrial relations consultant, a government advisor and a financier. He was the eldest of five children of a nationalist mother and Fine Gael father...
couple fall gasoline heading overnight prices start
You're not going to fall down dramatically overnight - gasoline prices will start heading back down in a couple of weeks.
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Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations.
market warm
The market has been spooked by warm weather.
extremely market near northeast oil pumping supplies warm
The market thought that, with extremely warm temperatures in the Northeast and refiners pumping near capacity, heating oil supplies would go through the roof,
demand report
After the report tomorrow, demand will come back with a vengeance.
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Iran's restarting of its uranium enrichment program was a slap in the face to Europe, which has tried to negotiate a reasonable outcome to this threat to the world -- only to have Iran shove it right back it their face.
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The oil market once again has been pulled out of potential obscurity by another host of geo-political events.
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With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.
tried yesterday
Yesterday we had the big sell-off and we tried to come back a little bit.
crude early feeling heat huge last people record shows spike vulnerable week
We had a big spike early last week with crude at a record and the heat in Texas. It shows that even with this huge supply, people are still feeling pretty vulnerable about things like heat and hurricanes.
looks signs starting worst
We are starting to see signs of recovery. It looks like the worst is over.
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We really don't know the number. We're probably getting close to a point where we might find out. We haven't seen any sign that demand is faltering due to these high prices.
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This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.
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The question is where do we go from here? We've fallen so quickly in recent sessions, will there still be momentum to go down to the low $50s?