Michael Fitzpatrick Soon Quotations

Last year began with a large surplus but an unusually hot summer ate up those reserves and soon thereafter the hurricanes hit. There is still some infrastructure that was damaged, which could be a problem.

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.

The Governor of Nigeria doesn't think that militants are set to attack again soon and that has apparently prompted a little profit taking in front of tomorrow's reports.

Even in a bull market you get periods of a little relief, and this is one of them. Some of the Iranian words today were conciliatory. In reality nothing has changed and the market will soon rise again.

The mild weather and contracting demand are continuing to send us lower. Crude oil will soon test $56 and the products $1.50.

The conclusion is probably being made that any surplus will be promptly sopped up as soon as seasonal demand kicks in.