Mark Waggoner
Mark Waggoner
bunker busting drag fact months people scared talking time
The fact that people were actually talking about nuclear- bunker busting for the first time is what scared people. This is going to drag on for months and months and months.
cut interfere oil saying
What they're saying is, not only will we cut off our oil but we're going to interfere with other people's oil as well.
across builds oil
We're going to have builds across the board. We have more oil than we know what to do with.
lower months move
We're going to move lower from here. It's not going to take months and months to get all these refineries back.
cold higher northeast staying stocks supposedly
We shouldn't really be going higher from where we are now. Because it's very cold in the Northeast distillate stocks supposedly should be drained. They're not. They're staying stable.
market pulling record
We are pulling back (from record highs), but this market will go back up.
nigeria risk situation supply traders worried
Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk.
bit problems
We're probably going to go a little bit higher. There's still going to be problems getting everything back up.
east hurricane katrina midst storm tropical
We are still in the midst of the hurricane season. A tropical storm looms off Florida's east coast. No one thought Katrina would do what it did when it was off the coast.
headed lingering orleans problems
There's going to be these lingering problems. There's still too much uncertainty in the New Orleans area. I think we are headed back to $70.
cold far fill people talking tanks winter
People are talking about a cold winter but so far we haven't had the below-normal temperatures and people do not want to fill up their tanks at these prices.
build depends easily oil pull
Oil could easily pull back to $64 from here. It just depends how big the build is.