Kyle Cooper
Kyle Cooper
Kyle Cooperis an American designer of motion picture title sequences...
years perception inventory
Gasoline inventories are tighter than they were a few weeks ago. It's all about perception, because inventories are well above where they have been in previous years.
reality thinking years
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.
again cautious coast gulf inventory obviously products reports transfer viewed
The inventory reports should again be viewed with a cautious eye, as obviously the 'normal' transfer of products around the Gulf Coast is anything but 'normal,'
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.
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.
abound fear highly outright positions remain short thus
Uncertainty and fear abound in this market, and thus outright short positions remain highly at risk.
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.
likely prices primary remains until weather
The weather remains the primary driver. Until the weather moderates, prices will likely remain robust.
abound actual bulls certainly fear highlights known production whether
This certainly highlights what the bulls have been trumpeting. It is not known whether any actual production will be affected. Uncertainty and fear abound in this market.
began early nor prices rising since takes
This is a financial, fear-driven market. It is not fundamental, nor has it been since early 2003, when prices and inventories began rising in tandem. It takes very little for prices to rise.
bullish coming left mentality number offshore power problems production shut since
Offshore production is coming back very slowly. Problems with power have left a number of refineries shut since Rita. This reinforces the very bullish mentality of the market.
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.