John Kilduff
John Kilduff
approach average caused gasoline levels national past prices record several
We are at levels that in the past several years had caused gasoline prices to approach the $1.70-type national average record levels.
dollars four gasoline high higher prices realm telling
There's no telling how high prices of gasoline prices could go, at least for a time. Four dollars or higher is not out of the realm of possibility.
directly driven path prices projected
Prices are going to be driven directly by the projected path of the storm,
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.
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.
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.
barrel grind higher oil spike ultimate
We're forecasting oil will grind higher up to $33, ... with an ultimate spike up to $40 a barrel on the outbreak of hostilities.
driving gasoline season summer supplies worries
Worries about gasoline supplies during the summer driving season are fading.
generate left speeding time winter
With winter speeding by, there isn't much time left to generate significant demand.
efforts power recovery
Remember, the power outages are what bedeviled recovery efforts after Katrina,
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,
biggest north oil supposed
The biggest disappointment is that oil is not getting out of the north which is supposed to be Kurdish-controlled.