Jason Schenker Trend Quotations

We're likely to see prices continue to trend upward. The biggest potential to push prices down is going to be an increase in supply, but right now supplies look pretty fixed.

The economy and corporate America remain solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.

The economy and corporate America remains solid -- we are going to resume an upward trend and the equity market knows it very well. The sharp drop in the GDP was just a bleep.

I totally expect to see $50 a barrel, at least in a spike to that level, at some point in the near future. We've been in an upward trend for several years, and I really don't see any indication of a reversal of that trend. $50 a barrel is a completely rational expectation.