Tom Bentz
Tom Bentz
course hit ivan last list production saw similar
There is a long list of production and refineries out because of the hurricane. The course is similar to what we saw with Ivan last year, which hit production for a long time.
signs
There are some signs that things are getting better.
major problems
We still have some major problems down in the Gulf, and they're not going to go away.
gas good headed last sustain three types
There's been a lot of gas headed this way. Can we sustain these types of import numbers? Probably unlikely, but we've had a pretty good surge in the last three weeks.
adding crude market plenty
There's already plenty of crude in the market. Adding more crude to a market that already has plenty of crude doesn't make much of a difference.
far market needed run
This market has run up too far too fast. It's a needed correction.
bull found market top
This is a bull market and we have not found a top yet.
cold rally ran reduce sustained weather
The rally just ran out of steam. We are going to have to see some sustained cold weather to reduce these inventories.
continued numbers somewhat trend
Overall, the numbers were somewhat neutral, so we continued with the trend from this morning, which was upward.
built cause mean price somewhere
The inventories have built a little bit, but that doesn't mean an outage somewhere doesn't cause price spikes.
chance issues period stable stay
I don't know if there's any chance we can stay stable for any long period of time. There are too many issues in the market.
catch cry far oil time year
Heating oil inventories are a far cry from what they should be at this time of year and (traders) don't think we're going to catch up in time for winter.
continue gasoline led next
Gasoline led the way all week, which should continue when we come in next week.
bit expected lately
The market's been down a bit lately because of the (warmer) weather. So I thought we were going to see a bounce, but this was much more than I expected to see today.