The supply side is going to progressively improve in the next few months, while the demand outlook is going to get worse. It's the combination of those two factors that's starting to undermine the bull story in this market.
"Richard Savage" was an English poet. He is best known as the subject of Samuel Johnson's Life of Savage, (originally published anonymously in 1744), on which is based one of the most elaborate of Johnson's Lives of the Most Eminent English Poets/Lives of the English Poets.
If you enjoy these quotes, be sure to check out other famous poets! More Richard Savage on Wikipedia.We need confirmation that demand growth has stalled to move prices lower. If the demand situation looks as though it's getting worse, there will be an outflow of money from energy.
When anger rushes, unrestrained, to action.
Anger is implanted in us as sort of sting, to make us gnash with our teeth against the devil, to make us vehement against him, not to set us in array against each other.
OPEC needs to increase production to improve sentiment in the market.
There isn't a lack of crude in the market. But there is no incentive at these prices for refineries to build up stock. Refineries in the U.S. are operating at 97 percent and the situation is repeated in Europe.
As we move through the winter, prices will fall below US$50 and prices could average in the US$40s in 2006. Investors think prices will stabilize and that will dampen enthusiasm.
He lives to build, not boast, a generous race; No tenth transmitter of a foolish face.
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