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Letter "P" » Phil Flynn Quotes
«Natural gas has been more impacted by weather than ever before because of strong non-heat-related demand, lost production and pipeline shutdowns in the Gulf of Mexico.»
«Iran's restarting of its uranium enrichment program was a slap in the face to Europe, which has tried to negotiate a reasonable outcome to this threat to the world -- only to have Iran shove it right back it their face.»
«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.»
«The psychology of this market is definitely very bullish. The market is not focusing now on short-term supply issues.»
«The Saudis vowed that production would be left unchanged despite the calls to cut production by the likes of Iran.»
«Despite the efforts to avert a crisis the market seems unconvinced that it's unlikely that we can have an outcome that won't affect the price of oil.»
«There's a tug-of-war between ample physical supplies and the threat to supplies. The market jumps on each headline about the Iranian situation. Prices will be very volatile until the Iran issue is settled.»
«The market is hopeful that we can find a diplomatic solution to get out of this crisis.»
«The market is uncertain as to what it wants to do at this point. Supply is not the issue. The uncertainty about Iran is the issue.»
«People are just complacent about the cold weather. They're not going to run up the price until they actually see the frost on their nose. They want to see how cold and for how long.»