Carl Neill
Carl Neill
coming concern continued damage driving either line looks originally quickly rita worse
What's really driving us here is continued concern about how much damage has been done by either Rita or Katrina. It looks like things are a little worse than originally assumed, and things aren't coming back on line as quickly as thought.
caused damage equal exceed fall market prices reports storm
The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.
absolutely high prices public radar screen
It's still under most people's radar screen right now. The public has absolutely no idea how high prices are going to be this year. It's going to be mind-boggling.
average expensive screaming sink until
The average person has no idea how expensive things are going to be this winter. It's not going to sink in until they get the first bill, and then the politicians will be screaming in the streets.
pressure pull puts turn wholesale
They have to pull gas. And if there's no usage for it, that just puts more pressure on wholesale prices, which in turn puts more pressure on futures.
broken crude oil trading
Crude oil has broken out of a six-week trading range.
cold couple days last short weather
We've had a big sell-off in the last couple of days and with the cold weather coming, there's some short covering.
cooler front move snow weather
We had some cooler weather and you had that snow front move through the Midwest.
finally gas
There's still a lot of gas out there, but we're finally going to get some near-normal temperatures.
february history level lowest reached
RSI reached the lowest level ever in the history of the February contract.
bringing gas industrial oil people switch
People who can switch from heating oil to gas are doing it. That's what's bringing in more industrial demand.
aggressive less selling
Selling is less aggressive down here than it has been.
fact focused good market shape storage
The fact that we are in such good shape with storage is what the market is focused on now.
bit crude looks taking
It looks like crude is taking a bit of a breather.