Phil Flynn
![Phil Flynn](/assets/img/authors/unknown.jpg)
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...
close demand due high might point seen sign
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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We have significant issues with gasoline, and this will come more into focus as the driving season approaches.
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We're heading into a high demand period, even though we have ample supplies, we're not exactly over-supplied.
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Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.
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If you think gas prices are high now, you are in for a real surprise, ... A spike of about 80 cents to what you currently have is very possible.
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From an economic viewpoint, these numbers were encouraging. Especially encouraging were the distillate numbers ... We're going to have enough oil to weather the storm.
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You're seeing some back and forth movement because after three straight up days, there's a strong tendency to take profits. But any prolonged labor disruption in Nigeria would be devastating.
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We may look back at the day fondly when we paid $3 a gallon.
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We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
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When we consider Iran, Nigeria and now the tape from Bin Laden, the terror premium must be put back into the price.