It's going to get pretty ugly. It's ugly already. We're going to hit 3 a gallon nationwide.... That's the number that I'm hoping that we're going to stop at.
More Quotes from Phil Flynn:
A Bush victory will be big for oil demand and keep prices high, ... Not only will the SPR be filled but I think they may expand it.Phil Flynn
The government is trying to relieve this crisis but there is little they can do. I don't think that crude-oil production will be close to pre-storm levels until December.
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
We are not completely out of the woods yet, but we saw a lot of relief yesterday (Tuesday) and that trend is continuing,
Phil Flynn
Just as every media outlet is talking about 4-a-gallon gasoline and the politicians are talking investigations and taxes, the futures market is signaling that the worst may be over.
Phil Flynn
To just focus on supply inventories, which we are constantly reminded are at an eight-year high, doesn't really take into account the complexities that face the world oil market. Eight years ago, we did not have to compete with China demand for oil. Eight years ago, the world had three times, if not more, spare production capacity than we do today.
Phil Flynn
Readers Who Like This Quotation Also Like:
We must memorize nine numbers and deny we have a soul.Conor Oberst
A man of genius makes no mistakes; his errors are volitional and are the portals of discovery.
James Joyce
Women have more to prove than men when it comes to politics.
Julie Nixon Eisenhower