If you’re talking about a 400,000 barrels per day refinery next to a French Chateau in the Loire valley, the timeline is infinite. If you’re looking at an industrialized part that already includes an oil...

It’s having trouble getting out of its own way. Fundamentally, the CPI data from this morning was really quite mixed.

There still may be ample opportunity for price chopping off storm updates over the balance of the week, but the market is looking considerably more relaxed today.

Heating oil and natural gas are…faced with significant warming trends that have brought an abrupt end to the heating season.

In January, it was Iran and Nigeria. Now we have Saudi Arabia added to the list and with the heightened unrest, possibly Iraq.

[The report is] bullish relative to expectations, … In the grand scheme of things, I don’t think that the drop in crude oil stocks is necessarily an indication of a sea change.

The oil companies themselves aren’t interested in building new refineries and will tend to denigrate the chances of any new investors actually succeeding in their business. They’ll say, ‘What does Richard Branson know about oil...

This would be bullish for gold.

There is some risk that if the cruise missiles start to fly, that it will disrupt both the current Iraqi exports [and] also interfere with shipping in the Persian Gulf area.

Really, we’ve had some focus (on oil) since mid-February, when both markets made a significant low, and both markets had a near retest of those lows on Wednesday. Oil is emerging as the focus for...

They can continue to pump away and ring the cash register, ignoring the looming Q2 supply/demand surplus just like everyone else.

I’m not sure this is the start of a new trend in crude oil stocks and it probably reflects more of a desire on the part of refiners to limit the material they hold than...

It is a surprising report in just about all respects. But I think it is something that we have to expect in times like these that the data doesn’t always fit into a neat little...

The market does have its ongoing concerns about Iran, the new bombing campaign in Iraq and other potential threats to supply (Nigeria, Venezuela) in mind as background issues.

A Bush status quo results in somewhat higher oil prices both in the short and the longer term in my view,

From the current snapshot, (electricity) conditions look a lot more similar to last year than they appear different.

We’ve rung the bell at $600 and now we’re perhaps ready to consolidate before we consider higher price levels.

The laws of economics still apply and higher prices call forth more supply while dampening demand. The long view of the market’s history, filled with booms and busts, is on our side.

I’m surprised by the drop in crude stocks and the further decline in crude oil imports,

The downside looks wide open at this point. We’ve got lots of inventory, and worldwide supply is going to continue to grow into the year.

In the short run, it means more oil drained from the market into the Strategic Petroleum Reserve.

The numbers are sufficient, but there are major constraints. There is a huge mal-distribution of workers in the country and most health workers are found in urban areas.

It is pretty clear they were attempting to move this oil into a crude oil market where there was already a surplus.

The gasoline build is substantial and it confirms the price weakness we’ve been seeing over the last several days.

I was looking for a rebound in imports as some of the activity along the Gulf Coast came back to normal.

The market will ultimately decide how critical the developments in Iran and Nigeria are, but we see the upside potential as limited, given stock levels.

The bulls are trying to put up a fight here, trying to make a case that the build in stocks and the drop in price over the past month haven’t really hurt all that bad.

The situation is not going to get better in the short term. Perhaps it will get worse.

The markets are bracing for Thursday’s DOE reports, with traders cringing since the recent (supply) trends have been bearish.

We’re really just trying to achieve a little bit of a balance between follow-through selling after Tuesday’s big drop and a little bit of bargain hunting on the other side of the ring, trying to...

To put that offer on the table for the next three months, it’s clear to me that they’re willing to steer the price lower, … They really don’t want every U.S. consumer to park their...

Basically we hit some support levels … and if it can’t go down, it’s got to go up.

Consumers would benefit from more refinery capacity and more competition in the refinery business.

The market has used considerable energy just to reach this level. We see risk of exhaustion now that it’s here.

Warm temperatures now forecast to persist on into early February undercut physical demand for heating fuels.

The weather outlook remains a potential fundamental support for these markets, but it has been so well advertised and has failed to boost prices to such an extent as to suggest that it is still...

There may be more cycles of hyperventilation yet to come as Hurricane Rita blows through the Gulf of Mexico, but the DOE data for last week was a calming influence.

There is so far an insatiable appetite for holding more inventory. We’re still not recognizing it as a glut.

Current chilly temperatures in the Northeast U.S. also helped boost prices, although these are not expected to last.

Really, it’s just a rush to cash in profits on what was really a spectacular move higher.

The OPEC demand revision is more of a reminder than anything else. Between the high level of crude stocks and the downward revisions to demand, the price should have trouble climbing like it has done...

The natural-gas market is on a completely different page now, with profit taking on short positions pushing prices higher, despite what are still impressively bearish prospects. This week will be warmer than last week, limiting...

This could be almost worse than Katrina because there are 4 million barrels of refining in Texas areas, much more than there was in New Orleans. (Texas) is the other major refining heart.

Crude oil may have been able to trigger short covering off the surprise 1.3 million-barrel draw from last week, but inventories are still at their second-highest weekly total since April 1999.

The market is certainly tightened by this event.

There’s a lot of people who want to do the right thing. My kids are out in the orchard, too. I don’t want to poison them.

In a ballroom, all you can do is dance and eat. We wanted to provide more than just dancing. They ate and danced, and when they got tired, they went out and looked at exhibits....

There is nothing close to a physical shortage going on here. Instead, what the market is holding here is a significant, and in fact growing, implied risk premium.

This is really a happy accident as far as OPEC is concerned.

The overall impression I had is that this [report] is really a snapshot that reflects conditions last Tuesday rather than as of Friday. This data does not fully reflect the arrival of Hurricane Rita.