Ed Silliere
Ed Silliere
although build crude disregard expected gasoline larger less market numbers oil
The numbers are mildly bearish. The build in crude is larger than expected. The build in gasoline is as expected although some expected a draw. Heating oil is less (than expected). But the market will disregard it after 15 minutes,
cut people
There's no anticipation they're going to cut production. Some people were wrong, and they're getting out.
add cause existing financial last shut situation storm tight
That's the last thing we need is to see another refinery shut out. We have a tight situation without this storm existing and now you add to this another storm, that could cause financial devastation.
higher imports
That's very bearish. The imports are higher than we anticipated.
capacity dark knocks quantities trouble
If this thing knocks out significant quantities of refining capacity ... we're going to be in deep, dark trouble.
lowering taken urgency
Everyone is lowering their expectations for demand. It's taken the urgency out of the market.
below demand far gas natural normal shortage surplus
We're just so far below normal on our demand projections that there's just no shortage of natural gas and, in fact, there's a surplus of natural gas. Surprise, surprise.
care
They don't care if it's been up all week.
themselves
Speculators are tripping over themselves to get out.
floods sea table
Some of those refineries in Texas, they're at sea level. It's a table top, it floods every easily.
crude demand effect everywhere market number oil physical supply
Heating oil supply and demand couldn't look more bearish and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.
crude demand effect everywhere market number oil physical supply
Heating oil supply and demand couldn't look more bearish ... and the crude number was so insignificant, it had no effect on the market at all. Everywhere you look, we have physical supplies, and that's the overarching fundamental.
count oil radar
Heating oil is going to be on the radar real soon. You can count on it.
amount buying crude interest oil regarding situation stirring tremendous
The geopolitical situation regarding crude oil is stirring a tremendous amount of buying interest.