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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
LIZ CLAMAN, CNBC ANCHOR: Hurricane Katrina has sent energy prices to record highs in the oil and gas markets this morning. Right now, let`s take the latest look. Crude is up $2.27, certainly backing off its earlier highs. Right now, it`s at $68.40 a barrel, had been up around $70.80. Natural gas getting hammered too, up 13 percent. Let`s bring in Phil Flynn, he`s the senior market analyst at Alaron Trading, he`s live at the Chicago Merc. And we also have Fadel Gheit, oil analyst at Oppenheimer, live from New York.
Good to have you both, gentlemen. Thank you.
PHIL FLYNN, MARKET ANALYST, ALARON TRADING: Good morning.
CLAMAN: Phil, first from the trading floor. What`s it like down there right now?
FLYNN: Actually, a lot of optimism building that the worst-case scenario isn`t going to happen. Like...
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