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.
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.
OPEC's the big thing. They are just going to keep on pumping no matter what.
Traders are worried that if this situation deteriorates, supply from Nigeria would be at risk.
Demand is starting to pick up again, but it's not up that much.
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.
It works great with the sleek look of the stadium. But you have some pretty significant weight moving on a hill.
Gas supplies are back and yet we haven't really seen the market sell-off.
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.
Oil could easily pull back to $64 from here. It just depends how big the build is.
