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John Person Quotes

«Demand is up mainly as it has a dual role as a food and bio-fuel product. Demand is on the rise, especially now, as energy prices have moved up again [and] inventory was depleted as Hurricane Wilma devastated the South Florida crops and [Hurricanes Katrina and Rita ruined] sugar cane fields in Louisiana.»
Author: John Person
«Traders and investors feel the new era of rebuilding the Gulf Coast states will be a double whammy causing higher spending deficits,»
Author: John Person
«For prices to advance much further from the $11-to-$12 level, we will need to see a boost in consumption, or a setback in getting pipelines operational.»
Author: John Person
«Traders and investors feel the new era of rebuilding the Gulf Coast states will be a double whammy causing higher spending deficits.»
Author: John Person
«European leaders are pressing Iran to step back their 'saber rattling' threats over nuclear developments. This situation was priced in the market last week -- and as traders returned back to work and focused on the current fundamental supply situation -- prices backed down off the highs.»
Author: John Person
«This market is not close to being finished for higher prices.»
Author: John Person
«The real culprit is certainly the unforeseen supply disruptions that could develop out of the Middle East, so the crude-oil markets will remain on the defensive and prices will probably stay above $60 for the remainder of the first quarter.»
Author: John Person
«Mild weather is the culprit. Inventories are plentiful as well [and] imports of LNG [liquefied natural gas] and pipelines in the Gulf are passing through ample storage supplies.»
Author: John Person
«The targets of $600 to $625 are more and more a reality and mostly justified as concerns on inflation, geopolitical pressures in the Middle East and now with rates at comfortable levels, central bankers are stuck in a rock and a hard place.»
Author: John Person
«Inflation fears, monetary policy around the globe is changing and investors' sentiment toward owning gold has improved -- and that continues to spark demand.»
Author: John Person

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