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Marshall Steeves Quotes
«There's a bit of concern that demand has been destroyed as a result of the high prices. That was reflected in the OPEC report [Thursday] that revised down demand growth.»
Author: Marshall Steeves
«The market is so hyper-sensitive to changes in the storm. The thinking is it will be less of a direct hit on Houston and therefore less damaging to energy interests and that was enough for people to take some profits.»
Author: Marshall Steeves
«There is a little bit of uncertainty on how quickly offshore production might come back online.»
Author: Marshall Steeves
«We won't know the full extent of the damage for weeks. A lot of the damage that occurred when Hurricane Ivan came through last year was underwater, which was difficult to survey and then repair.»
Author: Marshall Steeves
«Gasoline will continue to lead other energy contracts until Gulf-area refineries return and European imports start to arrive.»
Author: Marshall Steeves
«Heating oil is ascendant right now, while interest in gasoline wanes.»
Author: Marshall Steeves
«There will likely be a brief (post-hurricane) spike as with Katrina. Hopefully it will not be prolonged.»
Author: Marshall Steeves
«We see a relief sell off.»
Author: Marshall Steeves
«Trading is rather quiet this week because of Columbus Day and the Jewish holidays. You often see big swings in prices when the volume is low. Also, gasoline is close to $1.80, which is probably a little overboard in spite of the fall in demand.»
Author: Marshall Steeves
«It's a weather story. After experiencing an incredible Arctic weather pattern in most of December there is now evidence of a warm-up after Christmas.»
Author: Marshall Steeves