Jason Schenker
Jason Schenker
biggest flooding headed heart hit prices records reports storm
One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.
consumer cut hit national pump
On a national average, we could hit $3.25 at the pump easily, potentially even by this weekend, ... This is going to cut into consumer demand.
crude oil pressure
mitigated some of the upward pressure on crude oil prices.
economic general growth jobs looking positive solid
We're looking at some positive expansion, solid growth in jobs and in general economic growth, and that's something we see continuing.
awareness headlines market minor price raise recently resolved rises seen series soon
We've recently seen a series of minor conflagrations in Nigeria, which are resolved swiftly. The headlines raise awareness in the market but the price rises soon fade.
biggest concerns gas government natural refined reserve strategic
There is no strategic government reserve of natural gas or refined products, and right now the biggest concerns in the marketplace are for products.
demand gas hands lowering market natural warm weather
This warm weather is lowering demand for natural gas and heating oil. What the market does is all in the hands of the weatherman.
barrels crude extra gasoline helped natural offer petroleum pressure price problems reserve run strategic
The government's offer of barrels from the Strategic Petroleum Reserve has mitigated some of the upward price pressure on crude oil. The problems with gasoline and natural gas may not be helped even if the SPR is tapped. If refineries are offline and can't run the extra oil, it will make no difference.
build gas natural time
The real shocker is that there was a build of natural gas at this time of year.
decades impact minimal truth
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.
continued economic growth huge inflation likely next week
Next week is a huge week for data, and it is likely to show continued economic growth and inflation well under control.
allow drop slight typical week
It is typical to see a slight drop in utilization in the first week of the year. This slight drop, coupled with imports, could allow for a slight crude-inventory build.
blame higher oil tough
It's tough to blame (OPEC) for higher oil prices. I think they're doing what they can.
appears bigger capacity concerns excess market question raise tap unlikely
The bigger question is does OPEC have excess capacity that it can tap into in the longer-term, ... It appears they're unlikely to raise their quotas, and that's not going to assuage market concerns about their capacity.