Deborah White
Deborah White
adding build gas general last natural supplies week
We had a much lower-than-expected build in natural gas supplies in the U.S. last week and this is also adding to general nervousness.
caused coast hit hurricane ivan last louisiana reminds season utter
The approaching hurricane season reminds us of the utter devastation that Hurricane Ivan caused when it hit the Louisiana coast last year.
alone china demand exploding fire floor last lit market notices oil prices remembers sufficient
When the oil market notices that China is back, and remembers the fire that China's exploding oil demand lit under prices last year, the 'China factor' alone should be sufficient to floor near-term prices.
extremely half last policy
OPEC has been extremely accommodative in its policy in the last one and a half years.
capacity hard last practical pushing runners running since
Refiners are exhausted, like runners in mid-marathon. They've been pushing very hard since last year. As a practical matter, these things have limits. If you push too hard, capacity drops.
fair peers
It would be fair to say we are a little disappointed that some of our peers haven't participated,
facilities moment offshore oil patch production takes track
The storm's track at the moment takes it through a different patch of the offshore oil production facilities to Katrina,
consumers fix gasoline pay prepared price states time united worry
The United States doesn't have to worry about gasoline lines. But consumers need to worry about the price they pay this week. They should be prepared for a short-term shock. Only time can fix that.
crude despite flooding supply
Crude is still flooding in despite supply disruptions.
capacity crude heart problem
Crude is not the problem. The heart of the problem is how much refining capacity we have lost.
dare people price
People dare not price in the surpluses they see.
far hit houston less looked looks port though
Before, it looked as though it was going to hit Houston and Port Arthur. Now, it looks like it's going to hit Corpus Christi, which is less important as far as refining is concerned, and it's also more on the periphery of the platforms.
comments event sort though war
Even though most of the comments say it's an accident, this is the sort of event you see more during war time.
barrel dollars per prepared seem
At 70 dollars per barrel governments seem prepared to act.