There's a perception that this demand destruction is going to continue. But I think that people are being a little bit overly optimistic.
More Quotes from 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
The debate is how cold will it get and for how long.
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
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
The main driver today is Tropical Storm Rita. We really can't afford to lose more production.
Phil Flynn
We're seeing crude build up in the U.S. thanks to imports, rather than having to get help from our strategic petroleum reserves, and that's very encouraging.
Phil Flynn
Readers Who Like This Quotation Also Like:
Based on Topics: People Quotes, Sense & Perception QuotesEvery child was taught from his cradle that money was Mammon, the chief agent of the flesh and the devil.
Rebecca H. Davis
It is a mystery why any Americans would support the concept of the EU.
Phyllis Schlafly
Living with these teenage boys allowed me to see how much their psyches were like their girl counterparts. They were more familiar to me than I would have thought.
Marlo Thomas