James Williams
James Williams
Jazz artist who collaborated with some of the greatest musicians in history, including Wynton Marsalis, Dizzy Gillespie, and Chet Baker.
ProfessionPianist
Date of Birth8 March 1951
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The strong build in gasoline coupled by the fact that every major product has inventories above the high end of their average range for this time of year will add to the recent bearish sentiment.
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Crude oil, gasoline and distillate stocks remain above the five-year average. We have all the crude we need.
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We now have too much gas and we still don't have all of the Gulf production back on line.
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If this Russia/Ukraine problem reduces natural gas to Europe there will be some fuel switching there. Higher demand in could Europe drive up crude prices worldwide.
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Lower withdrawals than most estimates -- at 20 billion cubic feet -- are bearish for gas, but the concern about the Nigerian supply of crude and the reaction to the Iranian situation could result in crude giving gas some support.
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Natural gas in storage remains very high for this time of year and the most recent production numbers indicate that, had it not been for the hurricane production, would have been much higher in 2005 than 2004.
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Everybody is having the same problems. You've still got some natural gas production in the Gulf that is off-line. But right now with the warm winter, we have plenty of natural gas. The natural gas prices will go down further. And as they do, so will your power costs. It's going to be about three months before things get better. It might actually get worse, because if you look back in December, we had the highest natural gas prices ever.
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The U.S. natural-gas market is essentially a North American market with almost all of the gas coming from the U.S. or Canada. This insulates our market from the European natural-gas market.
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You might say that we have gas to burn.
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It was to get the people of New Orleans to come home and to get them excited about coming home.
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The short answer it is fear driving the market and whether it is justified or not the fear itself is real and doesn't always lead to rational behavior.
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I've been waiting in line (for gas) for an hour.
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The words that matter most in my life now is when people tell me that I remind them of my brother,
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School will start on the seventh. We will have challenges. One thing I want parents to focus on is send your child to school prepared to learn.