Richard Savage
Richard Savage
christmas expect few next prices rise strike trade volatile
Prices are off after a big rise during Christmas and New Year. With uncertainty over the Venezuelan strike and OPEC's response, I would expect volatile trade over the next few days.
bull demand factors few improve next outlook side starting supply undermine
The supply side is going to progressively improve in the next few months, while the demand outlook is going to get worse. It's the combination of those two factors that's starting to undermine the bull story in this market.
demand growth looks money move prices situation though
We need confirmation that demand growth has stalled to move prices lower. If the demand situation looks as though it's getting worse, there will be an outflow of money from energy.
average below fall investors move prices
As we move through the winter, prices will fall below US$50 and prices could average in the US$40s in 2006. Investors think prices will stabilize and that will dampen enthusiasm.
build crude incentive lack operating percent prices repeated situation
There isn't a lack of crude in the market. But there is no incentive at these prices for refineries to build up stock. Refineries in the U.S. are operating at 97 percent and the situation is repeated in Europe.
improve increase needs production sentiment
OPEC needs to increase production to improve sentiment in the market,
soul woe action
By woe the soul to daring action steals; by woe in plaintless patience it excels.
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The only thought in the world that is worth anything is free thought. To free thought we owe all past progress and all hope for the future. Since when has any one made it appear that shackled thought could get on better than that which is free? Brains are a great misfortune if one is never to use them.
men he-man strikes
The man of thought strikes deepest and strikes safest.
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Those who murder fame Kill more than life destroyers.
devil teeth vehement
Anger is implanted in us as sort of sting, to make us gnash with our teeth against the devil, to make us vehement against him, not to set us in array against each other.
stupid race faces
He lives to build, not boast, a generous race; No tenth transmitter of a foolish face.
anger men way
When anger rushes unrestrained to action, like a hot steed, it stumbles on its way. The man of thought strikes deepest and strikes safely.
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Such, Polly, are your sex - part truth, part fiction; - Some thought, much whim and all a contradiction.