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...
bottom break close cold continue demand follow improve inability likely point prices starting supplies yesterday
The inability to follow through yesterday and break through $58 makes it likely that we are close to the bottom and prices are set to rise. Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.
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.
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.
looked number overall supply though west
Even though the overall number looked good, a lot of the supply was on the West Coast.
forecasts given market saying supplies thinking though traders turning winter
Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.
ahead barrels betting error hurricane less likely margin market million nigeria oil possible production season spare supply traders venezuela worries
With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.
across midwest northeast prices short warm
Warm temperatures across the Midwest and the Northeast is pressuring prices in the short run,
afford lose
We really can't afford to lose more production.
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.
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.
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.
driving focus issues season
We have significant issues with gasoline, and this will come more into focus as the driving season approaches.