People are just complacent about the cold weather. They're not going to run up the price until they actually see the frost on their nose. They want to see how cold and for how long.
More Quotes from Phil Flynn:
Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.Phil Flynn
Storage was the reason gas went from 15 per million British thermal units to 8. If we have a warmer-than-normal February we're going to end the winter at all-time record high storage.
Phil Flynn
We've found that the experiences of small business owners generally mirror those of mid-sized companies and of large multinationals in that the rising cost of providing heath care to their employees is becoming prohibitively expensive. Overall though, California's small business owners paint an optimistic picture for 2006 about business conditions, the economy and their ability to handle persistent issues with the high cost of benefits.
Phil Flynn
Closing above 42 is scary. It has a clear path to the next level, which is 44 a barrel.
Phil Flynn
It looks like the market is convinced we need to catch up for the winter and that because of the slow recovery in the Gulf of Mexico, we have lost valuable time.
Phil Flynn
If you knock out two to three refineries with a category 4 or a category 5, and you hit them head on, you'll feel the impact immediately, and it would a while before the markets calm down. The impact of this could be worse than Katrina in terms of shutting down refineries.
Phil Flynn
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I hope to see the bringing together of all the best educated people of the earth into a worldwide Congress of Scientists.
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I learned my phrasing from Frank. I loved him so much.
Eydie Gorme