Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
along crude cue dragged gas natural taking
Natural gas is taking its cue from crude and is being dragged along for the ride.
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.
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.
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.
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.
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.
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.
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.
bit report terms
(This report is a) little bit bearish in terms of expectations.
agreement forecasts moderation weather
Weather forecasts are now more in agreement for a moderation in temperatures after Christmas.
bullish case levels prices
With prices at these levels you need to see bullish numbers, which wasn't the case this week.
abound fear highly outright positions remain short thus
Uncertainty and fear abound in this market, and thus outright short positions remain highly at risk.
continues damaging eventually government industry production recovery reduced reserves storm
The recovery continues to be slow. Government reserves will more than make up for reduced production but they will eventually have to be replaced. This will probably end up being the most damaging storm to the industry by far.
headed huge mother nature next several term winter
Mother Nature is going to be huge in the next several weeks. Long term I think we're headed to $30 to $35, but I don't think we're doing that yet. We have a lot of winter left.