Phil Flynn
Phil Flynn
Philip "Phil" Flynnis an Irish businessman. He was previously a vice-president of Sinn Féin, a trade unionist, an industrial relations consultant, a government advisor and a financier. He was the eldest of five children of a nationalist mother and Fine Gael father...
assets funds hard looking money movement paper places portfolio towards
Funds are looking for places to put money and they feel that fundamentals are still very there. There is a movement towards diversification, away from paper assets and back into hard assets (such as metals)... as a part of a portfolio you just have to have.
believe bottom closer doubt fall market
I believe the market is a lot closer to a bottom than to a top. I doubt you'll see the market fall too far.
cooler definitely far hot pressure prices push summer weather
So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.
bullish continues course head oil
Of course doing nothing must be bullish as oil continues to head higher.
course incredible year
Of course 2005 was an incredible year for energy.
demand economy high hurt maybe means people plus supplies tight
Maybe the economy is not hurt as much as people feared. Tight supplies plus more demand means high prices.
burying dramatic expensive looking nuts squirrel unless winter year
This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.
afford lose
We really can't afford to lose more production.
crude early feeling heat huge last people record shows spike vulnerable week
We had a big spike early last week with crude at a record and the heat in Texas. It shows that even with this huge supply, people are still feeling pretty vulnerable about things like heat and hurricanes.
looks signs starting worst
We are starting to see signs of recovery. It looks like the worst is over.
build disturbing good heading means quickly running trend
It's not necessarily a good thing to have a build in crude. It means refineries did not get up and running as quickly as hoped. It's a disturbing trend heading into winter.
bills boost bullish consumers economic energy fact fallen given grounded main prices reason short somewhat stayed
Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations.
gets market seems sensitive storm
It seems like every storm we get, the market gets more sensitive to it.
close demand due high might point seen sign
We really don't know the number. We're probably getting close to a point where we might find out. We haven't seen any sign that demand is faltering due to these high prices.