Kyle Cooper Quotes (34 Quotes)

The inventory reports should again be viewed with a cautious eye, as obviously the 'normal' transfer of products around the Gulf Coast is anything but 'normal,'

The heating oil fundamentals are the worst since the winter of 1998-1999 when the price was 30 cents. There is plenty of supply and prices should be lower. It's too early in the winter but in a few weeks prices should be much lower.

This market has moved higher on fear and sentiment and Bush may have succeeded in reducing some of the concern. Gasoline is getting whacked right now, which is pulling crude lower. His statements will have a psychological impact on the market but the physical impact is limited.

The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies but the market is still nervous.

The market is lower as weather forecasts are considered rather bearish through the middle of the month,

It's all about Mother Nature.

Although the U.S. weather remains relatively bearish, the market is moving higher. There seems to be little fundamental reason for the move as Russian gas supplies to Europe are resuming. However, fear of a possible future disruption is probably a driver.

Quite simply, the strong Pacific flow is continuing to inhibit any major intrusions of Arctic air into the lower 48. The winter is rapidly coming to an end for all practical purposes.

Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning.

Wilma weakened a little bit and the path has it heading in a direction that won't impact oil production.

My times have improved by about a minute and a half (since last season), ... I trained pretty hard over the summer. Coach (Adam Kedge) gave us a training plan. I tried to run every day. I guess it paid off.

There are obviously still some problems out in the Gulf. We will have to wait and see how fast repairs can be made.

Prices are much higher on fear of possible further supply disruptions. Continued concern about the Iranian situation and new threats in Nigeria and primary drivers. There were no new reported attacks in Nigeria, just more threats.

We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.

The market continues to move higher with concern now mainly focused on Nigeria.

Rising inventories are keeping a lid on prices. Inventories are back at levels we last saw in 1999, but the price is still a couple times higher. The market has been remarkably resilient because there are fears of supply disruptions.

Offshore production is coming back very slowly. Problems with power have left a number of refineries shut since Rita. This reinforces the very bullish mentality of the market.

Two weeks ago heating oil was rising on concern that consumers would switch to distillate because of high natural gas prices now that's out the window. It's incredible to see natural-gas supplies rise in December.

The weather remains the primary driver. Until the weather moderates, prices will likely remain robust.

The last time inventories were this high was in early 1999, when prices were below 20 a barrel. OPEC wants prices to fall. Saudi Arabia and other members remember that when prices spiked in the 70s there was a rash of investment and they lost a lot of market share for a long time.

Mother Nature has been an incredible bull. It's hard to imagine a scenario more bullish than we've had.

We are rebounding a bit but this is still a bearish market. There is a little talk that OPEC may announce a cut. I don't know how likely that is, but the fall in prices might prompt some action.

Gasoline inventories are tighter than they were a few weeks ago. It's all about perception, because inventories are well above where they have been in previous years.

Meanwhile Chavez is picking fights with foreign oil companies including Shell, ExxonMobil, Repsol YPF, Chevron, BP, and Total that have been working in Venezuela for years. Thirty-two publicly traded oil companies are accused of owing Venezuela 4 billion in back taxes for overproduction something they deny. This follows Venezuela's hikes in production royalties from 1 to 16.7 in October, hikes in taxes on operating agreements from 32 to 50 in April, and a declared end to contracted dollar payments to foreign oil field operators in May. The desire to operate in Venezuela, ... is fading fast.

The recovery continues to be slow. Government reserves will more than make up for reduced production but they will eventually have to be replaced. This will probably end up being the most damaging storm to the industry by far.

U.S. weather is turning less bearish. Bullish sentiment is still firmly in place and further price advances are possible, despite bearish current fundamentals.

Weather forecasts are now more in agreement for a moderation in temperatures after Christmas.

Concern about Iran resuming nuclear processing seems to be the only driver. U.S. weather remains bearish for the next two weeks.

Inventories are actually still 7 million barrels above the three-year average. Once these refineries start cranking back up, I think you'll see supplies rise pretty quickly.

Iran is driving it today, throwing jitters into the market. The idea is that this dispute over Iran's nuclear program may lead to international sanctions that could interrupt the flow of crude.

Mother Nature is going to be huge in the next several weeks. Long term I think we're headed to 30 to 35, but I don't think we're doing that yet. We have a lot of winter left.

Crude hasn't been responding to fundamentals all year. I think crude has been 8 to 10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.

U.S. weather remains bearish for the next two weeks. It would certainly seem that at some point some cold weather would enter the major population centers of the lower 48 states, for Mother Nature remains neither bullish nor bearish forever.

People have been more concerned about products than crude.