Mark Waggoner
Mark Waggoner
almost cross expect hurricane imports next season
Imports are up as well as refinery runs. The hurricane season is, cross your fingers, almost over. I expect $56.00 by the end of next week.
coming fast imports production takes
Imports are coming in pretty much as fast as they can. Even if it takes a while to get production back, it's really not an issue.
crude good lower oil supplies
Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.
great moving weight works
It works great with the sleek look of the stadium. But you have some pretty significant weight moving on a hill.
demand doubt economy people recovering saying
The U.S. economy is recovering and doing well. There's no doubt about that. And people are saying the demand is going to be up soon.
east hurricane katrina midst storm tropical
We are still in the midst of the hurricane season. A tropical storm looms off Florida's east coast. No one thought Katrina would do what it did when it was off the coast.
headed lingering orleans problems
There's going to be these lingering problems. There's still too much uncertainty in the New Orleans area. I think we are headed back to $70.
build depends easily oil pull
Oil could easily pull back to $64 from here. It just depends how big the build is.
demand pick starting
Demand is starting to pick up again, but it's not up that much.
cold far fill people talking tanks winter
People are talking about a cold winter but so far we haven't had the below-normal temperatures and people do not want to fill up their tanks at these prices.
lower months move
We're going to move lower from here. It's not going to take months and months to get all these refineries back.
cut interfere oil saying
What they're saying is, not only will we cut off our oil but we're going to interfere with other people's oil as well.
across builds oil
We're going to have builds across the board. We have more oil than we know what to do with.
completed expect hit month next supplies taking until
In the next month to month-and-a-half, we're going to hit $70 a barrel, and I would expect $75 to $85 by the summer. We're just going to be taking the supplies down until refinery maintenance is completed around the end of the month.