Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
couple fears keeping last levels market price remarkably resilient rising saw supply
Rising inventories are keeping a lid on prices. Inventories are back at levels we last saw in 1999, but the price is still a couple times higher. The market has been remarkably resilient because there are fears of supply disruptions.
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.
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.
bit direction heading impact oil path
Wilma weakened a little bit and the path has it heading in a direction that won't impact oil production.
bullish centers certainly cold enter lower major mother nature neither next nor population remains seem weather
U.S. weather remains bearish for the next two weeks. It would certainly seem that at some point, cold weather would enter the major population centers of the lower 48 states, for Mother Nature remains neither bullish nor bearish forever.
advances bullish current despite firmly further less price sentiment turning weather
U.S. weather is turning less bearish. Bullish sentiment is still firmly in place and further price advances are possible, despite bearish current fundamentals.
absolutely added believe buyers degree order overall personally prove role
I believe that the speculators' role has been the introduction of more buyers ... it has actually added a degree to the overall price. I personally think it's in the order of $5 to $10 a barrel. Is there any way to prove it? Absolutely not.
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.