If you are in the market for natural gas, you will really have big issues here if it (Rita) shuts down production for any extended period of time,
More Quotes from Phil Flynn:
There is obviously a lot less concern about Nigeria because prices are falling after the most recent attack. We're a little less worried about the Iranian situation.Phil Flynn
The big amount of crude is giving the market a little bit of comfort. Overall, I think we're going to see a very bullish year for oil.
Phil Flynn
Forecasts for mild weather have brought the market down and with the holidays ahead, the market will move along the path of least resistance here.
Phil Flynn
This is a market with no clear conviction, ... You could blow on this market and move it either way.
Phil Flynn
It's not necessarily a good thing to have a build in crude. It means refineries did not get up and running as quickly as hoped. It's a disturbing trend heading into winter.
Phil Flynn
The market is much more focused on Rita. OPEC is kind of secondary concern to the market. OPEC is already pumping as much as they can, so raising or not raising the ceiling is not going to make a difference.
Phil Flynn
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Translation is at best an echo.
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