There is no strategic government reserve of natural gas or refined products, and right now the biggest concerns in the marketplace are for products.
More Quotes from Jason Schenker:
This is a situation where you've got a lot of supply on hand, leading to a drop in prices.Jason Schenker
Given OPEC's decision to keep quotas unchanged, Iranian guarantees of oil supply and U.S. statements excluding the possibility of oil sanctions, crude is poised to fall next week.
Jason Schenker
The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.
Jason Schenker
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.
Jason Schenker
If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.
Jason Schenker
There is justification for concern about natural gas prices at these levels. Prices now are essentially twice what they were last winter. That's likely to squeeze consumers.
Jason Schenker
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