Seth Kleinman
Seth Kleinman
almost assuming bounce certain closer cold critical few gets hold move next question whether
It's almost certain that when it does get cold, assuming it gets cold in the next few weeks, things are going to bounce. The critical question is whether we bounce from $60, whether we hold on to that, or we bounce from something closer to $55. I think we have more to move on the down side.
corners drill holes left
There's just not that many corners of the world left to go drill holes in anymore,
explored
The world is pretty well explored right now.
headed surprise toward
It wouldn't surprise me if we're back at $70 by the end of this week. I think that we're headed toward $80 by the end of the year.
consuming continued demand europe major move prices warm weather
It's not just warm weather in the U.S.; we have warm weather in all the major consuming regions, Europe and Asia. Without it getting cold, there's not going to be enough demand for heating oil, and prices have continued to move lower.
broader energy financial reflecting view
Equities have been hammered, reflecting the broader financial community's view that energy is at its peak.
couple energy last news sector
There has been increasingly bearish news in the energy sector over the last couple of weeks,