Quotations
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Phil Flynn Quotes
«Even with record storage, another active hurricane season could leave us vulnerable if we get a long, hot summer.»
Author: Phil Flynn
«The report is causing energy prices to firm up a bit. We're getting closer to hurricane season, which is a good reason to cover some shorts.»
Author: Phil Flynn
«We've got the highest level of inventory since 1999. That's great except that we have a different world than 1999.»
Author: Phil Flynn
«Proposed talks between the United States and Iran can convince oil traders that maybe there is a way out of the Iranian conflict.»
Author: Phil Flynn
«With the economy being strong and prices gradually going higher, when we see three dollars a gallon, it's not going to have that same detrimental effect.»
Author: Phil Flynn
«There are so many threats to oil production right now, it'll keep prices high. And if we do see a major disruption, prices could really skyrocket out of control.»
Author: Phil Flynn
«You're not going to worry too much about supplies. You're going into the summer season with record storage.»
Author: Phil Flynn
«The market is reacting to new threats out of Nigeria and some strike rumors in Europe. But for this time of the year, this is nothing new. As we approach the summer driving season we tend to play out the worst case scenarios in our heads.»
Author: Phil Flynn
«With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.»
Author: Phil Flynn
«It was an explosive day. We had a little bit of everything.»
Author: Phil Flynn