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Transcripts For FBC Varney Company 20150204

Varney and company is about to begin. Tom oil coming off a big rally. Right now, oil is at 50. 15. The real story is gas prices. Of to 2. 11. A big jump. Is at the beginning of more to come . It is not the beginning for a pot elliptic numbers. The market will be very volatile. I would not be surprised to see gasoline 20 0. 30 higher by aprils fools day. The tendency of momentum to trade gasoline higher this time of year. How about the strike going on in the country. Absolutely not a fact her. They do not impact gasoline production. 1. 1 billion of crude oil in the u. S. Plenty of incentive to keep refineries running. Tom that is the other part. You get into this whole question about the fact that they are cutting back on production feared walt that drive the price higher . They will not have back on production. They would like to. There is other stuff in the deep water. There is personal. Other parts of the world. Probably one and a half billion dollars a day. It will be an ugly spring

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