Peter Beutel
Peter Beutel
higher looking prices year
We are looking at prices dramatically higher than a year ago in some cases.
bad good market news week
The good news is, we have a week to get ready. The bad news is that the market has all week to react.
avoided gulf half storm traders
With another storm threatening the half the Gulf that avoided Katrina, it has traders spooked this morning,
amount huge oil stocks
With oil stocks so low, there's a huge amount of concern.
barrels buy country growing growth interested million suddenly surplus trying
It is a country interested in growing rapidly, and one of the big bottlenecks in its growth has been energy. If it was suddenly trying to buy 1.5 million barrels today, it'd sop up most of the surplus right now.
beneath disaster texas
Having one beneath Texas would be an unmitigated disaster.
needed prices stop
I don't think it's going to stop prices from going where they want to go. Something needed to be done, and I think he did all he could. But much of it is symbolic.
almost damage gas hurricane monday oil selling traders
If we come back on Monday and there is no new hurricane and Wilma has not done any damage to oil and gas production, then I think traders will be selling almost in relief,
believe bull energy
I believe we are done with the with energy bull market,
double extent full gas last level national pass prices
If we pass on the full extent of national gas prices they could be double their level last winter.
limit lose oil three weeks
If we lose one refinery for two or three weeks the sky's the limit (for oil prices).
anyone approach logic
I don't see how anyone could approach it with any kind of rationality or logic left.
demand fall moves seat supply
If demand is not going to fall and keep on falling, then supply moves back into the driver's seat in this market.
cents labor prices
By Labor Day weekend, prices will be up 20 cents to 50 cents a gallon,