It's a shame because all the pieces were in place for gas to come down even more, ... Now we have to worry about Rita blowing through an area that makes up close to 27 percent of our oil refining capacity.
More Quotes from Phil Flynn:
From an economic viewpoint, these numbers were encouraging. Especially encouraging were the distillate numbers ... We're going to have enough oil to weather the storm.Phil Flynn
This market has been like a firecracker out in the sun. It's waiting to explode and this Iranian issue was the issue that made it blow through that area today.
Phil Flynn
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.
Phil Flynn
Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal.
Phil Flynn
Worries about the weather are so last year. Now the focus is turning to tight gasoline supplies. The market has priced in a mild winter so if we do get change to cold, the reaction will be explosive.
Phil Flynn
You're seeing some back and forth movement because after three straight up days, there's a strong tendency to take profits. But any prolonged labor disruption in Nigeria would be devastating.
Phil Flynn
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My Cleveland years were both scientifically and personally most rewarding. My wife Judy was able to rejoin me in our research and my research group grew rapidly.
George Andrew Olah
Let there be great enthusiasm for the plan throughout the entire republic that will overcome all obstacles. Let us join together to realize the Five Year Plan and bring our economy and our own living standards to previously unknown heights.
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