Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.
More Quotes from Phil Flynn:
Underneath, if it weren't for Rita, (the industry) had some very good news on the front, ... If Rita doesn't live up to her billing, we possibly could see a nice correction in energy prices.Phil Flynn
This is going to be the most confusing rollover in the history of the gas market.
Phil Flynn
This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.
Phil Flynn
Refineries are squeezing out every gallon of gasoline possible, and theyre doing a good job of it. The problem is, its coming at the expense of the other products like heating oil.
Phil Flynn
Maybe Iran, Venezuela and Russia need to get some fresh air as the fumes from their oil profits continue to cloud their better judgment. Oil power intoxication with an endless stream of oil profits seems to cause a feeling of extreme and all-encompassing power.
Phil Flynn
I think we're on the way to 75. China is still growing, and available refining capacity is tighter.
Phil Flynn
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Based on Keywords: distillateThe avoidance of taxes is the only intellectual pursuit that still carries any reward.
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Never spend your money before you have earned it.
Thomas Jefferson