Michael Fitzpatrick Quotes

There was a lot of panic yesterday as we all thought about the worst possible scenarios. The likelihood is that the worst won't occur.

- Michael Fitzpatrick

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Panic | Yesterday | Thought | Worst | Scenarios |

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Repairs are proceeding apace. Discretionary driving can be cut back but you have got to heat your house. Heating oil will soon lead the market. - Michael Fitzpatrick

The effects of Katrina will be felt throughout the economy, reducing demand and keeping a lid on energy prices. The federal government is ready to release barrels from the Strategic Petroleum Reserve and there is significant help coming from abroad. - Michael Fitzpatrick

The elements that brought us here are still with us. The world economy is chugging along, which is leading to increased demand. The stock and bond markets aren't so attractive that all of the funds are going to exit energy. - Michael Fitzpatrick