37 Quotes by Tom Bentz
- Author Tom Bentz
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There is a long list of production and refineries out because of the hurricane. The course is similar to what we saw with Ivan last year, which hit production for a long time.
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- Author Tom Bentz
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Signs of weaker demand are hanging over the market. There has been a tremendous rise in prices over the past year, which had to have an effect.
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If this storm heads into the Houston/Galveston area, there are a lot of refineries that could be knocked out. It's still a very nervous market.
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I hate to use the word crisis, but there is certainly potential for real supply tightness,
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The rally just ran out of steam. We are going to have to see some sustained cold weather to reduce these inventories.
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Overall, the numbers were somewhat neutral, so we continued with the trend from this morning, which was upward.
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We still have some major problems down in the Gulf, and they're not going to go away.
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You have to believe that high prices have certainly hurt some demand. But how much is another story. If prices at the pump start falling, everyone will go right back to their old ways of guzzling gas.
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