Tim Evans
Tim Evans
despite drawn extent last limiting market might page positions prices profit pushing short storage taking warmer week
The natural-gas market is on a completely different page now, with profit taking on short positions pushing prices higher, despite what are still impressively bearish prospects. This week will be warmer than last week, limiting the extent to which storage might be drawn down.
both bush higher longer oil prices quo results short somewhat status term
A Bush status quo results in somewhat higher oil prices both in the short and the longer term in my view,
boost extent failed late outlook potential prices remains season suggest support weather
The weather outlook remains a potential fundamental support for these markets, but it has been so well advertised and has failed to boost prices to such an extent as to suggest that it is still too little winter, too late in the season to matter.
apply call economics economy-and-economics filled forth higher laws prices supply view
The laws of economics still apply and higher prices call forth more supply while dampening demand. The long view of the market's history, filled with booms and busts, is on our side.
appetite far holding insatiable
There is so far an insatiable appetite for holding more inventory. We're still not recognizing it as a glut.
came dramatic range surprises within
Everything pretty much came within the range of expectations so there were no dramatic surprises here.
buy clear consumer hybrids next offer park price steer table three trigger willing
To put that offer on the table for the next three months, it's clear to me that they're willing to steer the price lower, ... They really don't want every U.S. consumer to park their SUV and buy gasoline-electric hybrids -- they don't want to trigger that kind of consumer response.
advertising bob campaigns connect good great maureen modern past people relevant strongly
We wanted to connect with people as strongly as some of our great advertising campaigns of the past did -- such as with Beattie with Maureen Lipman or Bob Hoskins in 'It's good to talk' -- but in a way that's relevant to today's modern relationships.
demand early february forecast persist physical warm
Warm temperatures now forecast to persist on into early February undercut physical demand for heating fuels.
close fact holding market physical risk shortage
There is nothing close to a physical shortage going on here. Instead, what the market is holding here is a significant, and in fact growing, implied risk premium.
basically hit levels support
Basically we hit some support levels ... and if it can't go down, it's got to go up.
bell consider higher perhaps price ready rung
We've rung the bell at $600 and now we're perhaps ready to consolidate before we consider higher price levels.
climbing crude demand downward high level price reminder revision stocks trouble
The OPEC demand revision is more of a reminder than anything else. Between the high level of crude stocks and the downward revisions to demand, the price should have trouble climbing like it has done this week.
attractive becomes both commodity emerging focus general gold less lows markets near oil since surrogate
Really, we've had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for the gold market as a surrogate for general commodity inflation. Without that kind of commodity inflation, then gold becomes a less attractive investment.