Phil Flynn

Energy and General Market Analyst

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The Energy Report for Monday, November 2, 2009

Bubbles and rubble, toil and trouble, the market place started to worry about bubbles as we head into Fed week. Last week the petroleum complex swung wildly back and forth in the same old range and is rallying again but could the larger macroeconomic forces at some point get us out of this range? (Nov 02, 2009 10:05AM)

The Energy Report for Friday, October 30, 2009

They did the mash! They did the market mash! The market mash, it was a GDP smash! They did the mash and it made the dollar crash! They did the mash and it's time to party because the recession is over! (Oct 30, 2009 9:07AM)

The Energy Report for Thursday, October 29 2009

The combination of two rare occurrences helped send the energy complex falling. The dollar actually got stronger and gasoline supplies increased! Yes, that can actually happen! I know, I was amazed myself. (Oct 29, 2009 9:27AM)

The Energy Report for Wednesday, October 28, 2009

A slight rebound in the dollar and a rebounding stock market has the oil market lacking conviction. While in the big picture the bulls still have the upper hand, the conviction to drive oil to the upper end of the trading range is lacking. Yesterday oil seemed to show strength in spite of a firm dol... (Oct 28, 2009 9:21AM)

The Energy Report for Monday, October 26, 2009

Is $80.00 a barrel just too high? Oil prices are settling back again as more and more market participants wonder if $80.00 a barrel is sustainable. Last week OPEC said that an increase in oil production may depend on whether prices remain at the $75.00 to $80.00 per barrel area, stock piles return t... (Oct 26, 2009 9:50AM)

The Energy Report for Friday, October 23, 2009

When did the US dollar become the Rodney Dangerfield of global currencies? Maybe Gisele was right about wanting to be paid in euros after all. The once mighty greenback continues to lose ground and respect. Things are getting so bad that if you dropped a dollar in a sandbox a cat would bury it. ... (Oct 23, 2009 9:48AM)

The Energy Report for Thursday, October 22, 2009

I am trying to figure out who is getting beat up worse, the refiners or the dollar. The smack down on refiners and the dollar send oil on another bullish adventure as commodity price inflation starts to show its adverse economic effects. Refiners for the second week in a row kept refinery runs at hi... (Oct 22, 2009 11:24AM)

The Energy Report for Wednesday, October 21, 2009

Is $80.00 the magic number that breaks the back of the fermenting economic recovery? Is eighty dollars a price or just a destination? Well yesterday it looked more like a destination as the front month oil contract hit $80 a barrel on the last trading day of the November contract before it retreated... (Oct 21, 2009 11:06AM)

The Energy Report for Tuesday, October 19, 2009

"Credit is a sacred trust; it's what our free society is founded on. Do you think they give a darn about their bills in Russia? I said, do you think they give a darn about their bills in Russia?" Bud from Repo Man in 1980. But it was the threat of reverse repos that moved the markets with a momentar... (Oct 20, 2009 10:00AM)

The Energy Report for Monday, October 19, 2009

A breakout in oil and what do you get? Another day older and deeper in debt, like about 1.42 trillion dollars deeper. Now it does not get much deeper than that or can it? The US Budget deficit screams while politicians fight over ways to spend more money and the dollar loses ground and respect. It's... (Oct 19, 2009 9:33AM)

The Energy Report Friday, October 16, 2009

No Mas, refiners wave the white flag as the Energy Information Agency report that US refinery runs plunge 10% to 80.5 percent! That puts refinery runs below the five year average of 81.4 percent causing a steep drop in gasoline and drop in distillates setting off a firestorm of buying in the petrole... (Oct 16, 2009 9:33AM)

The Energy Report for Thursday, October 15, 2009

There was joy in Mudville and in the halls of JP Morgan Chase as the Dow Jones reached the 10,000 level for the first time in a year. Hope springs eternal in the human breast as it is official that the worst of the recession is over. It has got to be because the Fed minutes told us so. (Oct 15, 2009 9:33AM)