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...
concerned continued crude early gasoline high levels production rate strength supplies supporting tight trail week
The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.
enjoy gasoline higher prices saw
You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.
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.
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.
demand exactly heading high though
We're heading into a high demand period, even though we have ample supplies, we're not exactly over-supplied.
high prices
How high prices will go we just don't know,
debate high hurt ignore markets oil prices stocks
The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.
cents currently gas high prices spike
If you think gas prices are high now, you are in for a real surprise, ... A spike of about 80 cents to what you currently have is very possible.
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.
calls cut despite left likes production unchanged vowed
The Saudis vowed that production would be left unchanged despite the calls to cut production by the likes of Iran.
continue good looks saw stock strong
These are very strong numbers. This is very good for the stock market. We saw it rally. It looks like it will continue to do so.
cut false impression last laying meeting people prices realize supplies
People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall.
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.