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...
burying dramatic expensive looking nuts squirrel unless winter year
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.
appears history prices rally steam trying
OPEC has a history of trying to jawbone the market. It appears OPEC is trying to take a little steam out of the rally and keep prices under control.
tried yesterday
Yesterday we had the big sell-off and we tried to come back a little bit.
enjoy gasoline higher prices saw
You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.
capacity countries demand extra growing lack matter moves point spare
It doesn't matter what moves OPEC makes as long as demand is growing like this, ... There will come a point when no matter how much those countries produce, there won't be extra ... and they lack the spare capacity as it is.
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.
fallen low momentum question quickly recent
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?
relief saw trend woods yesterday
We are not completely out of the woods yet, but we saw a lot of relief yesterday (Tuesday) and that trend is continuing,
confidence correction good industry oil shows
We still have had a pretty good correction from the peak. It shows that there's a lot of confidence in the oil industry and the economy.
bin consider nigeria premium tape terror
When we consider Iran, Nigeria and now the tape from Bin Laden, the terror premium must be put back into the price.
ahead gasoline oil products seeing
We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
assets funds hard looking money movement paper places portfolio towards
Funds are looking for places to put money and they feel that fundamentals are still very there. There is a movement towards diversification, away from paper assets and back into hard assets (such as metals)... as a part of a portfolio you just have to have.
fondly paid
We may look back at the day fondly when we paid $3 a gallon.