“Having more or less traveled together, refined products and crude have become disconnected in recent weeks.”
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“Were gonna be looking at making sure that the delivered price of natural gas is at levels that insure customers have the level of savings that theyve been looking for.”
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“Though crude seems sufficient at the moment it is the refining capacity that is the real bottleneck. Implied demand for refined products indicates a stronger market for crude oil.”
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“People talk about stocks being relatively high in terms of the five-year averages, but its not as rosy as those numbers suggest because the size of the economy, and therefore demand, has grown. Theres still a perceived tightness in the market.”
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“Zinc is a lot stronger in terms of supply characteristics than the other metals.”
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“The push is on for commodities and thats being led by strong demand, but the trick is in picking the end of the cycle.”
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“If youve got declining gas supply and people start burning more oil, then thats one thing, and then youve also got limited supply from Iraq. Suddenly theres a bit of supply news, and a bit of demand news, and its the combination of those two thats pushing prices up.”
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“There are a couple of countervailing forces in play.”
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“People are already worried about supplies for the driving season, even this early on. Theres going to be a price reaction if there are any signs of shortages.”
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“There is still strong growth potential in metals commodities in 2006 and now is the time to make hay.”
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