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Quotations
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John Kilduff Quotes
«Shuttered refineries will take at least two weeks to resume operations. Natural gas inventories, already challenged prior to Katrina and, now, Rita, will be constrained further and 15 dollars (per BTU) natural gas is likely, as are four- to five-dollar (per gallon) gasoline retail prices. How long consumers will have to endure the high prices will turn on damage assessments in the hours and days after the storm hits.»
Author: John Kilduff
«Remember, the power outages are what bedeviled recovery efforts after Katrina,»
Author: John Kilduff
«It's the uncertainty on the storm's track. We're still quite a nervous market, and a substantial fear premium has already been priced in at this point, ... We're hanging on every report.»
Author: John Kilduff
«The EPA waiver was a big move,»
Author: John Kilduff
«The moderate weather is really helping push prices lower, ... There are no signs that OPEC will cut back on output, which has jumped to near records. As long as the oil keeps coming and demand languishes, I see no reason for prices to rise.»
Author: John Kilduff
«The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead.»
Author: John Kilduff
«The EPA waiver was a big move.»
Author: John Kilduff
«A large swath of U.S. demand was taken out of the market as a result of Katrina. The EIA report shows that U.S. demand growth will decline by 40 percent. Overall inventories are still healthy.»
Author: John Kilduff
«Demand destruction fears are trumping fears about damage to oil facilities. It's not just Katrina that is hurting demand. High prices have strained economies, especially in Asia, and demand is being curtailed as a result.»
Author: John Kilduff
«Remember, the power outages are what bedeviled recovery efforts after Katrina.»
Author: John Kilduff
