Joseph Allman

Of course it's benefited from commodity prices, but it's growing organically well above average. They have a good inventory of read more

Of course it's benefited from commodity prices, but it's growing organically well above average. They have a good inventory of projects to continue this above-average production growth.

We still have a refining issue. Refineries in other parts of the country have been able to increase output but read more

We still have a refining issue. Refineries in other parts of the country have been able to increase output but they will have to go down later this year for maintenance.

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil read more

It doesn't look like there will be any disruption in the near term. Iran relies on the money the oil brings in so they wouldn't be able to cut supplies for long.

It's clear that supplies of crude oil and natural gas are more than adequate. The gasoline supply looked pretty tight read more

It's clear that supplies of crude oil and natural gas are more than adequate. The gasoline supply looked pretty tight a few weeks ago but the market responded and that's no longer the case. We are also getting closer to the end of winter and it's clear gas and heating-oil stocks will be sufficient.

I don't see a catalyst to move prices much higher in the short term. Iran's not likely to cut exports read more

I don't see a catalyst to move prices much higher in the short term. Iran's not likely to cut exports anytime soon. We've had very warm weather this winter and have built gasoline supplies despite refiners operating at reduced rates.