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.
More Quotes from 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
It still seems the threat of losing Iranian oil is a far out issue. Today it appears traders are preparing for what could be a bearish Department of Energy weekly supply report.
Phil Flynn
Despite the efforts to avert a crisis the market seems unconvinced that it's unlikely that we can have an outcome that won't affect the price of oil.
Phil Flynn
Maybe the economy is not hurt as much as people feared. Tight supplies plus more demand means high prices.
Phil Flynn
The big question is how long the demand destruction will last. If it is short we could be back to all- time high prices by the end of the year.
Phil Flynn
I think this price move has been justified. Demand in the world will probably hit the highest level in 30 years this summer.
Phil Flynn
Readers Who Like This Quotation Also Like:
The problem was the journalists who also did not understand much of my music, but they wrote about it. I think you fell into the usual trap laid out by parts of the press and other writers: that the poor musician has always to fight the evil companies and managers.Klaus Schulze
When a woman gives birth to a child, the child needs to be able to digest the mother's milk; but when this child is old enough to begin to eat other foods, there is some switching off of this ability to consume milk.
Marvin Harris
There is a large body of abolitionists in Clinton and Clark Counties in this state, and in Wayne County Indiana, that would undoubtedly support such a store, but whether their support would be sufficient, I am unable to say.
Gamaliel Bailey