Mark Waggoner
Mark Waggoner
bit problems
We're probably going to go a little bit higher. There's still going to be problems getting everything back up.
barrels change further half hell itself market million move prolonged
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.
higher holidays keeping normal production supplies
Supplies really aren't a problem. Consumption over the holidays is usually a little higher than normal but production has been keeping up.
matter pumping
OPEC's the big thing. They are just going to keep on pumping no matter what.
build coming crude draw driving gasoline heading market move psychology season wants
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.
nigeria risk situation supply traders worried
Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk.
market pulling record
We are pulling back (from record highs), but this market will go back up.
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.
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.
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.
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.
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.
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.