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Phil Flynn Quotes
«Closing above $42 is scary. It has a clear path to the next level, which is $44 a barrel.»
«This morning's numbers, that's old news,»
«With the economy bouncing back, there's good demand for energy.»
«This year the squirrel isn't burying any nuts and we're going into the winter on fumes. Unless something dramatic happens, we're looking at a very expensive winter.»
«There is a sense of panic in the market right now.»
«It could be economic suicide for these countries to halt production.»
«There's a lot of interest in trading these commodities, but it used to take too much money. Now, it gives the little guy a way to get in the game.»
«Oil seems to be disappearing from the marketplace and my theory is that the U.S. is adding to its strategic oil reserves with the intention of releasing it during an attack on Iraq,»
«So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.»
«When energy costs go up, the bills go up for consumers and it cuts into their discretionary spending. Consumers spend less on things like clothes and shoes. If gas prices escalate, that has the same effect. So retailers suffer as well.»