18 Quotes by Bill O'Grady

The primary support factor today is the lift in crude. You also could be seeing more aggressive buying in heating oil.

Natural gas production is still constrained as a result of the hurricanes. Refinery capacity is constrained for the same reason. Europe has been cold as well, which could limit heating oil imports.

Natural-gas prices peak in about the middle of December. That's because once you get past that point you begin to get a better feel for the idea that you're probably going to have enough gas to get through the season.

Natural gas is the real worry. Unfortunately we can't import the missing production. This is largely a domestic market.

We may be at the early stages of realizing that it is not being caused by the evil oil companies but that we do have a real energy crisis.

Overall, the report suggests that demand will recover this year, while supply growth won't be all that robust. Thus, the markets will likely remain tight.

Will they continue to push the world community? We just don't know. Until we know, it's just really hard to tell what they'll do, assuming tensions remain high.

When you got over $3, you did see behavior change. That does seem to be the magic number, $3 to $3.50.

The government has got to come up with a way in funding itself.