And the refinery utilization rate is also a disappointment. It came in only at 84, and right before the hurricanes, we were upwards of 95.
More Quotes from John Kilduff:
A significant amount of refined products will remain off the market for some time to come, and will prevent heating oil and gasoline stockpiles from being replenished, at least for the next few weeks,John Kilduff
The hangover from the damage done by Ivan is still on everybody's mind. We're still in that mode where any bullish news is tremendously bullish even if it's slight.
John Kilduff
A large swath of U.S. demand was taken out of the market as a result of Katrina. The EIA report shows that U.S. demand growth will decline by 40 percent. Overall inventories are still healthy.
John Kilduff
There's pre-holiday buying taking place. In Iraq and elsewhere things are percolating. The market will be shut four days, and in this geopolitical situation it makes sense to cover positions and bets.
John Kilduff
The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead.
John Kilduff
The biggest disappointment is that oil is not getting out of the north which is supposed to be Kurdish-controlled.
John Kilduff
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Based on Topics: Disappointment QuotesWhere a man can live, he can also live well.
Marcus Aurelius
I try not to have too much of an ego. I'll do anything.
Rob Schneider
I had a hard time publishing my books in the beginning of my career, because editors were afraid what people would think of THEM, personally, if their name was associated with me.
Susie Bright