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...
fallen low momentum question quickly recent
The question is where do we go from here? We've fallen so quickly in recent sessions, will there still be momentum to go down to the low $50s?
appears demand drawing earlier fare gas question storage
Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal.
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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.
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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.
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.
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Russia has proven it will use energy as a weapon and try to hold countries hostage to their political strong-arm tactics.
across midwest northeast prices short warm
Warm temperatures across the Midwest and the Northeast is pressuring prices in the short run,
tried yesterday
Yesterday we had the big sell-off and we tried to come back a little bit.
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You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.
capacity countries demand extra growing lack matter moves point spare
It doesn't matter what moves OPEC makes as long as demand is growing like this, ... There will come a point when no matter how much those countries produce, there won't be extra ... and they lack the spare capacity as it is.