Jason Schenker
Jason Schenker
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.
background concern decline economic growth report supplies supporting
Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.
concern gas last likely natural prices squeeze twice
There is justification for concern about natural gas prices at these levels. Prices now are essentially twice what they were last winter. That's likely to squeeze consumers.
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.
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.
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.
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.
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.
average gasoline likely pump records
With gasoline futures at records a nationwide average of $3 at the pump is likely in the near-term.
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.
build gas natural time
The real shocker is that there was a build of natural gas at this time of year.
bigger higher iranian leads mean oil price prices problems uncharted
If this leads to the shut-off of Iranian oil, I think it would probably mean we've got bigger problems than the price of oil. But if we end up with a 1970s-style oil embargo, we could see prices go markedly higher into uncharted territory.
crude oil pressure
mitigated some of the upward pressure on crude oil prices.