Mark Waggoner Quotations

We're going to move lower from here. It's not going to take months and months to get all these refineries back.

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.

We're going to have builds across the board. We have more oil than we know what to do with.

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.

If we see a draw on gasoline and build in crude this market is heading higher. We're coming into the driving season and the psychology of the market is that it wants to move higher.

We're probably going to go a little bit higher. There's still going to be problems getting everything back up.

Half a million barrels in and of itself is not going to change a hell of a lot. But if it is prolonged or we have further threats, that will move the market higher.

OPEC's the big thing. They are just going to keep on pumping no matter what.

Supplies really aren't a problem. Consumption over the holidays is usually a little higher than normal but production has been keeping up.

We are pulling back (from record highs), but this market will go back up.

Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk.

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.

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.

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.

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.

Oil could easily pull back to $64 from here. It just depends how big the build is.

Demand is starting to pick up again, but it's not up that much.

Oil supplies are in pretty good shape. Crude oil should be a lot lower than it is. Supplies are building.

It works great with the sleek look of the stadium. But you have some pretty significant weight moving on a hill.

The U.S. economy is recovering and doing well. There's no doubt about that. And people are saying the demand is going to be up soon.

Imports are up as well as refinery runs. The hurricane season is, cross your fingers, almost over. I expect $56.00 by the end of next week.

Imports are coming in pretty much as fast as they can. Even if it takes a while to get production back, it's really not an issue.

In the next month to month-and-a-half, we're going to hit $70 a barrel, and I would expect $75 to $85 by the summer. We're just going to be taking the supplies down until refinery maintenance is completed around the end of the month.

Iran is the real threat because there's just so many ways it could play out. This is the one that could actually get us to $100.

Gas supplies are back and yet we haven't really seen the market sell-off.

These guys are just ramping up output so fast. We're going to get bigger builds and prices are going lower from here.

These prices make no sense. We've got plenty of crude.

The market is overdone with fund buying and it's time for the pendulum to swing the other way.

The market is consolidating a little bit, but after closing just below $60 multiple times somebody will come in and sell it hard. I think we're going down to about $55-$56 in the long term.