25 Quotes by Mike Wittner

When you step back and put it all together, it's nice timing. It's a New Year's reminder of the geo-political factors that are driving the market higher.

It appears increasingly likely that we will need colder-than-normal temperatures in order for heating oil and gas oil to perform this winter and lead crude up,

I think the markets will begin pricing in the downstream investments during 2007.

The reason we worry about political risk is that it has a chance to become a real fundamental factor, like it happened in Nigeria, where you lost some real supply. The spare capacity issue for refining and crude production still underlies everything because demand is still healthy.

We're trading on the weather. It's cold in New York, so the price is going up.

With each passing week of warm weather, the upside diminishes, the downside increases, and the chances of an oil market correction before the springtime also increase.

But markets are not really surprised. UK oil production has been declining for several years.

There is a lot of refinery capacity around Houston. If (Hurricane Rita) goes further south then it could hit refineries around Corpus Christi.

We had such a big run-up in the last couple of weeks that the market is going to want to consolidate and pause to figure out what happens next.