Kyle Cooper Quotes

"Weather forecasts are now more in agreement for a moderation in temperatures after Christmas."

"Wilma weakened a little bit and the path has it heading in a direction that won't impact oil production."

"Uncertainty and fear abound in this market, and thus outright short positions remain highly at risk."

"[Meanwhile Chavez is picking fights with foreign oil companies including Shell, ExxonMobil, Repsol YPF, Chevron, BP, and Total that have been working in Venezuela for years. Thirty-two publicly traded oil companies are accused of owing Venezuela $4 billion in back taxes for overproduction something they deny. This follows Venezuela's hikes in production royalties from 1% to 16.7% in October, hikes in taxes on operating agreements from 32% to 50% in April, and a declared end to contracted dollar payments to foreign oil field operators in May.] The desire to operate in Venezuela, ... is fading fast."

"The recovery continues to be slow. Government reserves will more than make up for reduced production but they will eventually have to be replaced. This will probably end up being the most damaging storm to the industry by far."

"It's all about Mother Nature."

"Mother Nature is going to be huge in the next several weeks. Long term I think we're headed to $30 to $35, but I don't think we're doing that yet. We have a lot of winter left."

"Mother Nature has been an incredible bull. It's hard to imagine a scenario more bullish than we've had."

"The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies but the market is still nervous."

"The Iranians are going ahead with their nuclear program and saying the heck with what the rest of the world thinks. They didn't say anything about cutting supplies, but the market is still nervous."

"The overall supply of crude is very adequate and there is no risk of a shortage out there. This is a big change from 2004 and the early part of 2005."

"Offshore production is coming back very slowly. Problems with power have left a number of refineries shut since Rita. This reinforces the very bullish mentality of the market."

"There are obviously still some problems out in the Gulf. We will have to wait and see how fast repairs can be made."