ABOUT THE MENTAL STATE OF THE COUNTRY . ,%
COUNTRY . ,% AND THERE WAS A BIT MORE. %
AND THERE WAS A BIT MORE. % THE DEMAND WILL. %
THE DEMAND WILL. % UP HERE AS THE SUMMER GOES ON. %
UP HERE AS THE SUMMER GOES ON. % WHAT THAT SHOWCASES FOR %
WHAT THAT SHOWCASES FOR % EVERYBODY IS DEMAND ADDED
EVERYBODY IS DEMAND ADDED UNPRECEDENTED GO SO MANY %
UNPRECEDENTED GO SO MANY % COUNTRIES AROUND THE WORLD. %
COUNTRIES AROUND THE WORLD. % THERE’S NO DEMAND FOR OIL AT %
THERE’S NO DEMAND FOR OIL AT % THIS POINT IN TIME. %
THIS POINT IN TIME. % WE ARE AT OUR HOUSES AND NOT %
WE ARE AT OUR HOUSES AND NOT % TRAVELING AND YOU LOOK AT OIL %
TRAVELING AND YOU LOOK AT OIL % BEING STORED ON TANKER SHIPS %
BEING STORED ON TANKER SHIPS % AND STORAGE FACILITIES ACROSS %
AND STORAGE FACILITIES ACROSS % THE COUNTRY. %
THE COUNTRY. % CERTAINLY IN OKLAHOMA WHERE %
CERTAINLY IN OKLAHOMA WHERE % THIS IS ALL PRICED. %
THIS IS ALL PRICED. % THERE’S A LOT OF ROOM AND THESE
THERE’S A LOT OF ROOM AND THESE HISTORIC SPACES WILL FILL UP %
HISTORIC SPACES WILL FILL UP % AND JUST ENOUGH MATTER OF WEEKS
AND JUST ENOUGH MATTER OF WEEKS FOR THE STORAGE SPACES. %
FOR THE STORAGE SPACES. % WE’VE NEVER SEEN ANYTHING LIKE %
WE’VE NEVER SEEN ANYTHING LIKE % THESE NUMBERS BEFORE.
THESE NUMBERS BEFORE. >> DAVID, IT’S SO CRAZY AND %
>> DAVID, IT’S SO CRAZY AND % IT’S HARD TO WRAP YOUR BRAIN %
IT’S HARD TO WRAP YOUR BRAIN % AROUND IT BUT NOBODY WANTS IT %
AROUND IT BUT NOBODY WANTS IT % AND THEY HAVE NOWHERE TO PUT IT
AND THEY HAVE NOWHERE TO PUT IT BECAUSE NOBODY IS USING IT.
BECAUSE NOBODY IS USING IT. IT’S TOO CRAZY. %
IT’S TOO CRAZY. % I KNOW YOU WILL CONTINUE TO %
I KNOW YOU WILL CONTINUE TO % KEEP YOUR EYE ON OIL FOR SOME %
KEEP YOUR EYE ON OIL FOR SOME % TIME. %
TIME. % I KNOW LAST WEEK WE ARE %
I KNOW LAST WEEK WE ARE % WATCHING THE START OF CORPORATE
WATCHING THE START OF CORPORATE EARNINGS SEASON TALKING ABOUT %
EARNINGS SEASON TALKING ABOUT % BIG BANKS REPORTING. %
BIG BANKS REPORTING. % WHAT IS WASHINGTON STATE %
WHAT IS WASHINGTON STATE % LOOKING FOR? %
LOOKING FOR? % >> CONGRESS SUPPORT. %
>> CONGRESS SUPPORT. % KICKS OFF THIS WEEK WITH 96 OR %
KICKS OFF THIS WEEK WITH 96 OR % 97 COMPANIES IN THE S&amp;P AND %
97 COMPANIES IN THE S&amp;P AND % HALLIBURTON REPORTED THIS %
HALLIBURTON REPORTED THIS % MORNING. %
MORNING. % HALLIBURTON SAID THAT THE %
HALLIBURTON SAID THAT THE % PROFITS WERE DOWN $2 BILLION IN
PROFITS WERE DOWN $2 BILLION IN THE QUARTER OF THIS YEAR AND %
THE QUARTER OF THIS YEAR AND % THE RECKONED WITH INCREDIBLY %
THE RECKONED WITH INCREDIBLY % LOW OIL PRICES. %
LOW OIL PRICES. % THAT’S WHAT A LOT OF THESE
THAT’S WHAT A LOT OF THESE COMPANIES ARE FACING IN THE %
COMPANIES ARE FACING IN THE % ENERGY SECTOR AND CONCERNED %
ENERGY SECTOR AND CONCERNED % ABOUT POTENTIAL BANKRUPTCIES %
ABOUT POTENTIAL BANKRUPTCIES % AND LAYING OFF A TON OF %
AND LAYING OFF A TON OF % WORKERS. %
WORKERS. % WE’RE LOOKING AT THE ENERGY %
WE’RE LOOKING AT THE ENERGY % EARNINGS IN PARTICULAR IN THE %
EARNINGS IN PARTICULAR IN THE % WEEK WITH MORE INDICATIONS OF %
WEEK WITH MORE INDICATIONS OF % THAT. %
THAT. % WHEN YOU LOOK AT THE OTHER %
WHEN YOU LOOK AT THE OTHER % EARNINGS AGAIN WE ARE LOOKING %
EARNINGS AGAIN WE ARE LOOKING % FOR FORWARD GUIDANCE AND ANY %
FOR FORWARD GUIDANCE AND ANY % INDICATION OF WHAT THESE %
INDICATION OF WHAT THESE % COMPANIES THINK WILL HAPPEN AND
COMPANIES THINK WILL HAPPEN AND ACKNOWLEDGING IT IS SO HARD TO %
ACKNOWLEDGING IT IS SO HARD TO % GET THIS AT THIS POINT IN TIME.
GET THIS AT THIS POINT IN TIME. WE ARE ALL FUMBLING HERE TRY TO
