James Williams Time Quotations

World consumption is growing at a very rapid pace and the time lag to drill new wells to add to capacity leaves us in a precarious position for the next year or so.

Natural gas in storage remains very high for this time of year and the most recent production numbers indicate that, had it not been for the hurricane production, would have been much higher in 2005 than 2004.

I am saddened very much by the latest events. I don't really know where we go from here. Looks like at this time we're in for the long haul. I'm fed up -- looks like we are just going to have to walk the picket lines. My members are losing money. Ever day it is getting worse, than getting better.

We have very high volumes in storage for this time of year. We are 16% above the five-year average and above last year's numbers.

The strong build in gasoline coupled by the fact that every major product has inventories above the high end of their average range for this time of year will add to the recent bearish sentiment.

Depending on how you number the week's of the year looking back a decade, this is either the highest or second highest reported storage number for this time of year.

The last time this happened was in the spring of 2004 when a number of areas in New England switched to an ethanol blend.