Bill O'Grady
Bill O'Grady
begin gas middle past peak point prices
Natural-gas prices peak in about the middle of December. That's because once you get past that point you begin to get a better feel for the idea that you're probably going to have enough gas to get through the season.
behavior magic seem
When you got over $3, you did see behavior change. That does seem to be the magic number, $3 to $3.50.
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You have to have the world start doing better (before commodities prices correct), and the Asian crisis is starting to look a lot like what Latin America went through in the 1980s. It took them almost a decade to get their problems fixed.
funding government
The government has got to come up with a way in funding itself.
capacity cold europe gas limit natural oil production reason result
Natural gas production is still constrained as a result of the hurricanes. Refinery capacity is constrained for the same reason. Europe has been cold as well, which could limit heating oil imports.
domestic gas largely missing natural worry
Natural gas is the real worry. Unfortunately we can't import the missing production. This is largely a domestic market.
aggressive buying factor lift primary seeing support today
The primary support factor today is the lift in crude. You also could be seeing more aggressive buying in heating oil.
caused companies early energy evil oil realizing stages
We may be at the early stages of realizing that it is not being caused by the evil oil companies but that we do have a real energy crisis.
assuming community continue hard push remain until
Will they continue to push the world community? We just don't know. Until we know, it's just really hard to tell what they'll do, assuming tensions remain high.
demand growth likely markets recover remain report supply
Overall, the report suggests that demand will recover this year, while supply growth won't be all that robust. Thus, the markets will likely remain tight.
damage demand energy mild moved pick primary storm sure trend weather
The storm has moved over Florida, so we know for sure that it's not going to damage any energy facilities. The weather is still mild so heating demand has yet to pick up. The primary trend is still lower.
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Gasoline consumption fell. That suggests one of two things. First is the economy in worse shape than we thought or the high oil prices are starting to be affected by demand destruction.
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If the Nigeria news was happening alone it would do nothing to the market, but together with the risk of Iranian sanctions it takes on a greater importance.
best interest office others
It's in Hashimoto's best interest not to show his cards, ... but others vying for office can be bolder.