Rick Mueller
Rick Mueller
Rick Muelleris an American football executive. He has also served as the general manager of the Omaha Nighthawks of the United Football League in 2010-2011. He originally joined the league in 2009 as vice president and general manager, acting as the general manager for all four of the UFL's teams in the league's inaugural 2009 season. He was the director of pro personnel for the Philadelphia Eagles of the National Football Leaguefrom 2014 to 2015...
although barrels concerned cut ivan last million production taken tight underlying
The underlying fundamentals are so tight that we always have to be concerned about the worst-case scenario. Last year, Ivan cut production by 1 million barrels a day and although that's not likely, it has to be taken into account.
seems
It seems every day there's a story of a refinery with a problem,
confusing hard stand
The new specifications are confusing folks. It makes it hard to know where we stand when it comes to inventories.
additional coming line plants producing
More plants are coming on line and producing additional gasoline.
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In recent years prices have run up at this time of year because of concerns about gasoline supplies. In the end we always get through. At the end of the day there appears to be enough capacity out there.
nigerian rebels shown surprising
The Nigerian rebels have shown they are able to interdict shipments. It won't be surprising if there are more disruptions.
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I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.
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Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.
encourage gas natural petroleum switching
Natural gas is still high, which will encourage switching to petroleum products.
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This reminds us how dangerous the world is, especially the Middle East, where so much of our oil comes from.
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There is still concern about distillates. Once a big batch of cold weather moves in, prices will surge.
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There is a lot of nervousness about gasoline after the huge decline in supplies the last five weeks.
break close expect high historic lead low normal obviously prices record
We have historic crude-oil inventories and close to record prices, which is a break from the normal pattern. You would expect high inventories to lead to low prices but that's not the case. There are obviously other things at work.