Peter Beutel
Peter Beutel
beneath disaster texas
Having one beneath Texas would be an unmitigated disaster.
cold home huge increases looking owners price winter
We're going to see huge price increases, particularly for Midwestern home owners this winter; and if it's a cold winter they will be really hurting. They are already looking at price increases of 40 to 80 percent.
belongs company debate direction err fields larger percentage portion prefer profits spending
We can debate what percentage of the profits should be plowed back into the company and what percentage belongs to the shareholders. Not being a shareholder, I'd prefer to see them err in the direction of spending a larger portion on refineries and new (oil and gas) fields and infrastructure.
bond closely couple looking normally says speech traders
We'll be looking at it (Greenspan's speech) a lot more closely than we normally do, but I don't know if we'd ever look at it the same bond traders do. To them everything he says is gospel. It's only once every couple of years we even know what he's saying.
effect gasoline oil refine
We're still going to need to refine this oil into heating oil and gasoline before it really has an effect on us.
add areas avoided crude grade gulf half lighter near prefer problem producing storm traders
U.S. refineries prefer a lighter grade of crude than OPEC can add right now. The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.
add areas avoided crude grade gulf half lighter near prefer problem producing storm traders
U.S. refineries prefer a lighter grade of crude than OPEC can add right now, ... The big problem is the refining issue. Now with another storm threatening the Gulf, and the half the Gulf that avoided Katrina, it has traders spooked this morning. We really don't need another storm near the producing areas at all.
meet position spare unit vital
We're already in the position where every refinery unit is vital just to meet demand. We don't have any spare capacity. That's what it makes it so critical.
higher looking prices year
We are looking at prices dramatically higher than a year ago in some cases.
ethanol extremely gasoline nervous remain switch traders
Traders remain extremely nervous about gasoline supplies, especially with the switch to ethanol nationwide.
start top
You don't make a top when things start to look bearish; you make it when things look bullish,
factor higher market moving plate prices
The factor that's moving prices higher is the overarching petro-political fears. This market has a lot on its plate this week.
happened happens higher human looking market nervous reasons time worst year
We don't know how much of the refinery is down or for how long. But not to negate the human tragedy, it happened at the worst time of the year seasonally. And it happens at a time the market is nervous and looking for reasons to go higher anyway.
believe bull energy
I believe we are done with the with energy bull market,