We have to wait for the refineries to come back on line, which will take a couple weeks. We're hearing a lot about the importance of getting the power going, but that isn't the only problem we will have reopening the refineries. Homes throughout the region are destroyed and workers need someplace to live.
More Quotes from Jason Schenker:
Whether we hit it today or next week, I don't really think hitting 50 is going to give us a downturn.Jason Schenker
Strong continued gross domestic product growth and solid employment gains should fuel further home sales and may mitigate some of the slowing engendered by higher interest rates.
Jason Schenker
Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.
Jason Schenker
The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.
Jason Schenker
One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.
Jason Schenker
Typically this time of year, we seek to build inventories. This is going to put us behind the eight ball going into the winter.
Jason Schenker
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