Jason Schenker
Jason Schenker
anticipate collapse concerns economy obviously rates type
Concerns about the economy have tipped the 10-year down. Obviously if rates rise, we should see some slowing, but we don't anticipate any type of collapse by any means.
bringing combined crude drag energy hit low prices shares stock today took volatility
Energy shares took a hit today as crude prices eased. The drag in energy shares, combined with end-of-year low volume, is bringing volatility to the stock markets.
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.
attempts energy solve year
There have been attempts this year to solve the bottleneck in the refinery part of the energy equation. That is still not resolved.
average gasoline likely pump records
With gasoline futures at records a nationwide average of $3 at the pump is likely in the near-term.
believe capacity cents drivers driving economy extra fuel good handle higher people per stop tough
American drivers have the capacity to handle higher fuel costs. With the economy in good shape, it is tough to believe people will stop driving because of an extra 50 or 75 cents per gallon.
core final pressures price producer rate report today
The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.
correction further headlines likely move prices seems
A correction seems likely if we don't see a further intensifying of the geopolitical crisis. There will have to be further headlines for prices to move higher.
drop leading situation supply
This is a situation where you've got a lot of supply on hand, leading to a drop in prices.
barrel expect indication near point rational several spike totally trend
I totally expect to see $50 a barrel, at least in a spike to that level, at some point in the near future. We've been in an upward trend for several years, and I really don't see any indication of a reversal of that trend. $50 a barrel is a completely rational expectation.
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.
best capacity global impact market
They're supplying the market the best they can, but they have very little impact on global refinery capacity and very little impact on geopolitical events.