49 Total Quotes

Phil Flynn Quotes

Russia has proven it will use energy as a weapon and try to hold countries hostage to their political strong-arm tactics.
Phil Flynn
#Energy

The government is trying to relieve this crisis but there is little they can do. I don't think that crude-oil production will be close to pre-storm levels until December.
Phil Flynn
#Crisis

We still have had a pretty good correction from the peak. It shows that there's a lot of confidence in the oil industry and the economy.
Phil Flynn
#Confidence

Maybe the economy is not hurt as much as people feared. Tight supplies plus more demand means high prices.
Phil Flynn
#Economy

Just as every media outlet is talking about $4-a-gallon gasoline and the politicians are talking investigations and taxes, the futures market is signaling that the worst may be over.
Phil Flynn
#Media

It reminds us how reliant we are on imports, and with the geopolitical climate and tropical storms, we could not afford to be down for any extended period of time to meet demand.
Phil Flynn
#Climate

When you put that all together, I think we may have weathered this storm, ... But another hurricane would be nerve-wracking.
Phil Flynn
#Hurricane

There is a lot of incompetence in the government and in the oil companies. There is a clashing of heads.
Phil Flynn
#Government

Here's a market that can't follow through up or down. In my definition, that's a trading range.
Phil Flynn
#Definition

Every time we get some good news, we get bad news. Right now, a very good target for crude oil is $75.
Phil Flynn
#News

The market is showing signs that we may have put in a near-term top in prices.
Phil Flynn
#Market

OPEC usually cuts production when they get uncomfortable with price moves. The fear is intensified because of the fear of a second-quarter collapse, which is stronger this year than in the past.
Phil Flynn
#Fear

I believe the market is a lot closer to a bottom than to a top. I doubt you'll see the market fall too far.
Phil Flynn
#Doubt

A lot of people just don't believe the buildup, ... The market's not buying rumors of slowing demand.
Phil Flynn
#People

This really shows how OPEC has lost control over this market,
Phil Flynn
#Control

The IEA report yesterday and the Fed point to a limited impact by the storms on U.S. demand. It looks like the drop in production is bigger than the fall in demand.
Phil Flynn
#Storms

The exceptionally cold temperatures at the beginning of December have been replaced by a mild spell at the end of the year that pushes the price of energy down in a period of low trading volume.
Phil Flynn
#Beginning

Everyone had this perception natural gas was cheap and plentiful. It was a market you could set your watch by. It would run up in the winter and down in the summer. It was a very quiet little market.
Phil Flynn
#Perception

Of course 2005 was an incredible year for energy.
Phil Flynn
#Energy

Technically the market is looking good. The strong economic data and the Russia-Ukraine situation was enough to motivate the market higher.
Phil Flynn
#Russia

We're going to see a little bit of early demand. The market's biggest fear is that we'll get an early, cold winter.
Phil Flynn
#Fear

It appears traders are preparing for what could be a bearish Department of Energy weekly supply report.
Phil Flynn
#Energy

Storage was the reason gas went from $15 per million British thermal units to $8. If we have a warmer-than-normal February we're going to end the winter at all-time record high storage.
Phil Flynn
#Reason

We've found that the experiences of small business owners generally mirror those of mid-sized companies and of large multinationals in that the rising cost of providing heath care to their employees is becoming prohibitively expensive. Overall though, California's small business owners paint an optimistic picture for 2006 about business conditions, the economy and their ability to handle persistent issues with the high cost of benefits.
Phil Flynn
#Business

There was talk that maybe there would be a situation that we would avoid sending Iran to the Security Council.
Phil Flynn
#Security

Metals continue to move higher basically on the anticipation of strong demand.
Phil Flynn
#Anticipation

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.
Phil Flynn
#Energy

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.
Phil Flynn
#Economy

A lot of people just don't believe the buildup. The market's not buying rumors of slowing demand.
Phil Flynn
#People

I think people are starting to realize we might actually have a winter. Despite the fact we have ample crude supplies, distillate supplies are low for this time of the year.
Phil Flynn
#People