Tim Evans
Tim Evans
build bulls case drop fight hurt month past price stocks trying
The bulls are trying to put up a fight here, trying to make a case that the build in stocks and the drop in price over the past month haven't really hurt all that bad.
april crude despite drop last market near remain stocks surprise
Despite the surprise 1.3 million-barrel drop in DOE crude stocks for last week, inventories in the market remain near April 1999 highs.
almost barrels katrina major million texas worse
This could be almost worse than Katrina because there are 4 million barrels of refining in Texas areas, much more than there was in New Orleans. (Texas) is the other major refining heart.
climbing crude demand downward high level price reminder revision stocks trouble
The OPEC demand revision is more of a reminder than anything else. Between the high level of crude stocks and the downward revisions to demand, the price should have trouble climbing like it has done this week.
bell consider higher perhaps price ready rung
We've rung the bell at $600 and now we're perhaps ready to consolidate before we consider higher price levels.
drained market means oil petroleum short strategic
In the short run, it means more oil drained from the market into the Strategic Petroleum Reserve.
ate came dance dance-and-dancing danced looked provide
In a ballroom, all you can do is dance and eat. We wanted to provide more than just dancing. They ate and danced, and when they got tired, they went out and looked at exhibits. Then they came back and danced some more.
crude desire hold lack limit material oil reflects start stocks sure trend
I'm not sure this is the start of a new trend in crude oil stocks and it probably reflects more of a desire on the part of refiners to limit the material they hold than it does a lack of supply,
barrels french includes less looking next oil per talking timeline
If you're talking about a 400,000 barrels per day refinery next to a French Chateau in the Loire valley, the timeline is infinite. If you're looking at an industrialized part that already includes an oil refinery, it's much less of a big deal.
crude decline drop further oil stocks surprised
I'm surprised by the drop in crude stocks and the further decline in crude oil imports,
brought gas natural oil trends warming
Heating oil and natural gas are...faced with significant warming trends that have brought an abrupt end to the heating season.
average barrel build early further january likely mild million readings rise stocks tendency time toward
Stocks have a tendency toward a counter-seasonal rise in early January ... but the mild readings this time around make a further 2 to 3 million barrel build more likely than the 1.1 million barrel five-year average increase.
balance chopping looking market opportunity price relaxed storm updates
There still may be ample opportunity for price chopping off storm updates over the balance of the week, but the market is looking considerably more relaxed today.
kids people poison
There's a lot of people who want to do the right thing. My kids are out in the orchard, too. I don't want to poison them.