John Kilduff
John Kilduff
generate left speeding time winter
With winter speeding by, there isn't much time left to generate significant demand.
demand katrina supply taken
As much as Katrina has taken (the oil) supply off the table, there's also demand it has taken off the table.
coming cut demand helping keeps moderate near oil prices push reason signs weather
The moderate weather is really helping push prices lower, ... There are no signs that OPEC will cut back on output, which has jumped to near records. As long as the oil keeps coming and demand languishes, I see no reason for prices to rise.
believe boost colder demand dent disruption market obviously occur pressure supply turn
Apparently, the market does not believe a turn to colder temperatures will boost heating demand enough to make a significant dent in supplies. Obviously some other supply disruption may have to occur to take the pressure off prices.
break high oil
This isn't enough to break the back of high oil prices.
although bargain certainly condition decidedly given hunters last low negative pause picture technical volume year
This condition will last through the New Year and has given the technical picture a decidedly negative bias. Any bargain hunters have certainly been given pause by yesterday's action, although the low volume probably exacerbated the downdraft.
demand discourage drivers helping high louisiana obviously partly parts prices road
Demand was down nationwide, partly because drivers were off the road in parts of Louisiana and Mississippi because of Katrina, and obviously because high prices are helping to discourage demand.
damage demand fears high hurting katrina oil prices
Demand destruction fears are trumping fears about damage to oil facilities. It's not just Katrina that is hurting demand. High prices have strained economies, especially in Asia, and demand is being curtailed as a result.
efforts power recovery
Remember, the power outages are what bedeviled recovery efforts after Katrina,
besides certainly consumers cost direct federal gas impact iraq seen war
If there is a direct cost of the Iraq war to consumers besides the impact on the federal budget, it's certainly being seen at the gas pump,
changed sentiment supply worries
The sentiment has changed from worries over supply to worries over demand.
barrel market needs nervous single
This is a very nervous market that needs every single incremental barrel the market can put out and produce,
bullish damage hangover ivan mode news
The hangover from the damage done by Ivan is still on everybody's mind. We're still in that mode where any bullish news is tremendously bullish even if it's slight.
beginning chemical damage fallen fourth france given hurt levels prices problem reminds report storm strike supply workers
The IEA report reminds us that there could be a supply problem in the fourth quarter. Storm damage and the chemical workers strike in France are going to hurt supply. Given the levels we have fallen from, prices are beginning to look like a bargain.