John Person Quotes

Traders are more focused on Hurricane Rita as this weather event could have a longer-term devastation on the infrastructure of our nation's oil industry's ability to provide energy to citizens.

- John Person

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Traders | Focused | Hurricane | Rita | Weather |

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Traders are more focused on Hurricane Rita as this weather event could have a longer-term devastation on the infrastructure of our nation's oil industry's ability to provide energy to citizens. - 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. - 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. - John Person