Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
crude fear happen rather reality responding time
Crude hasn't been responding to fundamentals all year. I think crude has been $8 to $10 overvalued for some time and has been responding to the fear of what could happen rather than the reality of what is happening.
above crude demand meet million oil plenty supplies
There's plenty of supply. Crude oil supplies are above 320 million barrels, which is ample to meet demand from refiners.
adequate came crude higher hold overall risk shortage supply weakness
We came in higher but couldn't hold it, which underscores the weakness of the market. The overall supply of crude is very adequate and there is no risk of a shortage out there.
along crude cue dragged gas natural taking
Natural gas is taking its cue from crude and is being dragged along for the ride.
adequate change crude early overall risk shortage supply
The overall supply of crude is very adequate and there is no risk of a shortage out there. This is a big change from 2004 and the early part of 2005.
although crude decline fall happened historical hold incentive oil reduce strong taxed trend
A larger-than-expected decline in crude oil may spook the market. There is a strong historical trend for inventories to fall at the end of the year, although it hasn't happened yet. Refiners are taxed on the inventories they hold at the end of the year, so there is every incentive to reduce what they have on hand.
bush crude fear gasoline higher impact market moved physical pulling reducing sentiment statements succeeded whacked
This market has moved higher on fear and sentiment and Bush may have succeeded in reducing some of the concern. Gasoline is getting whacked right now, which is pulling crude lower. His statements will have a psychological impact on the market but the physical impact is limited.
amount buy crude huge line oil petroleum produce
Refiners don't buy crude oil to look at it. Once units are back on line we are going to see them produce a huge amount of petroleum products.
air arctic coming continuing flow inhibit lower major pacific practical quite rapidly strong winter
Quite simply, the strong Pacific flow is continuing to inhibit any major intrusions of Arctic air into the lower 48. The winter is rapidly coming to an end for all practical purposes.
attacks concern continued fear further higher iranian nigeria possible prices primary reported situation supply threats
Prices are much higher on fear of possible further supply disruptions. Continued concern about the Iranian situation and new threats in Nigeria and primary drivers. There were no new reported attacks in Nigeria, just more threats.
based current fall january large
Temperatures need to fall to alleviate what will be very large inventories by the end of January based on current forecasts.
bit normal rising slightly
Distillate inventories were up slightly but are not rising at a normal pace, so that is a little bit concerning,
houston moving storm track
The track has been moving to the east, away from the really big refineries in the Houston area. The storm is still serious.
barrels given lost production reaction reasonable restore shell
We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.