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Oil Slick Stuff
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
Let's all get one, that would solve the Gas shortage!!:laugh:
View attachment 3238
View attachment 3238
nnuut
Moderator | TSP Legend
Lower than expected? Isn't this against the LAW?:nuts:
BP profit climbs 53%
Oil giant posts rise in fourth-quarter net income, revenue amid restructuring efforts.
February 5 2008: 4:15 AM EST
Exxon Mobil announces record profits, the highest ever for a U.S. company.
LONDON (AP) -- BP PLC reported a lower-than-expected 53% rise in fourth-quarter net profit Tuesday, after a turbulent year in which it lost its chief executive and faced continuing operational issues.
BP (BP) said net profit rose to $4.4 billion from $2.88 billion a year ago.
Revenue for the fourth quarter, including asset disposals, rose to $81.5 billion from $62.8 billion.
Over the full year, net profit fell 5.5% to $20.8 billion from $22 billion in 2006. Revenue rose 6.2% to $291.4 billion from $274.3 billion.
BP Chief Executive John Browne resigned last May after lying to a court in a bid to block stories about his private life. The company also has faced criticism over a March 2005 explosion at its Texas City refinery in which 15 workers died.
BP shares rose 0.2% on the London Stock Exchange
Exxon shatters profit records
http://money.cnn.com/2008/02/05/news/international/bp_earnings.ap/index.htm?postversion=2008020504
BP profit climbs 53%
Oil giant posts rise in fourth-quarter net income, revenue amid restructuring efforts.
February 5 2008: 4:15 AM EST
Exxon Mobil announces record profits, the highest ever for a U.S. company.
LONDON (AP) -- BP PLC reported a lower-than-expected 53% rise in fourth-quarter net profit Tuesday, after a turbulent year in which it lost its chief executive and faced continuing operational issues.
BP (BP) said net profit rose to $4.4 billion from $2.88 billion a year ago.
Revenue for the fourth quarter, including asset disposals, rose to $81.5 billion from $62.8 billion.
Over the full year, net profit fell 5.5% to $20.8 billion from $22 billion in 2006. Revenue rose 6.2% to $291.4 billion from $274.3 billion.
BP Chief Executive John Browne resigned last May after lying to a court in a bid to block stories about his private life. The company also has faced criticism over a March 2005 explosion at its Texas City refinery in which 15 workers died.
BP shares rose 0.2% on the London Stock Exchange
Exxon shatters profit records
http://money.cnn.com/2008/02/05/news/international/bp_earnings.ap/index.htm?postversion=2008020504
nnuut
Moderator | TSP Legend
Report should be any minute now!:worried:
Oil drops ahead of key supply report
Price falls below $88 a barrel on stock market's slide, fears that a poor service sector report indicates a looming U.S. recession.
February 6 2008: 9:33 AM EST
VIENNA, Austria (AP) -- Oil prices extended their slide Wednesday as global stock markets plunged on fears of a U.S. recession, and ahead of a U.S. petroleum supply report expected to show that crude supplies rose last week.
Financial markets were surprised by data in the United States that indicated the traditionally strong service sector shrank dramatically last month, raising the prospect that demand for energy will weaken along with the economy.
The Institute for Supply Management said its index of activity in the U.S. service sector, which makes up about two-thirds of the economy there, fell below 50 for January, indicating contraction - the first in nearly five years.
It was the latest in a series of reports that have stoked fears that the world's largest economy is nearing -- or already in -- recession.
Overnight, Wall Street declined sharply, pulling down major Asian stock markets Wednesday. Hong Kong's benchmark index plunged 5.4 percent in a half-day session ahead of a long break for the Lunar New Year; Japan's Nikkei index fell 4.7 percent.
Energy investors often view stocks as a proxy for economic growth, and worry that if economies slow or shrink, demand for oil and gasoline will as well.
Light, sweet crude for March delivery dropped 46 cents to $87.95 a barrel by noon in European electronic trading on the New York Mercantile Exchange. The contract fell $1.61 to settle at $88.41 a barrel on Tuesday.
The U.S. Energy Department was to issue its weekly report on oil inventories later Wednesday. Crude supplies were forecast to have grown last week by 2.6 million barrels, according to the average estimate of analysts surveyed by Dow Jones Newswires.
Gasoline stockpiles were seen building 1.8 million barrels, while distillates, which include heating oil and diesel fuel, were seen falling 1.8 million barrels. Refinery use was seen falling 0.1 percentage point to 84.9 percent.
OPEC has argued that -- while the market is well supplied with crude -- stretched refinery capacities in the U.S. are a potential source of supply shortages of gasoline and other oil-derived products.
Reporting that Saudi Arabia cut its official selling prices for its crude shipments to the U.S. and Asia but increased them for Europe, Vienna's JBC Energy said "weak refining margins in Asia and the U.S. prompted refiners to cut runs, which led to weak crude demand in these regions."
In Europe, on the other hand, "lower supplies of Urals and North Sea grades, supported the demand for Middle Eastern grades," its daily energy market report said.
Heating oil prices were essentially steady at $2.4405 a gallon, while gasoline prices lost more than a penny to fetch $2.2525 a gallon. Natural gas futures added 5.1 cents to $7.993 per 1,000 cubic feet.
Brent crude lost 42 cents, selling at $88.40 a barrel on the ICE Futures exchange in London.
Oil drops ahead of key supply report
Price falls below $88 a barrel on stock market's slide, fears that a poor service sector report indicates a looming U.S. recession.
February 6 2008: 9:33 AM EST
VIENNA, Austria (AP) -- Oil prices extended their slide Wednesday as global stock markets plunged on fears of a U.S. recession, and ahead of a U.S. petroleum supply report expected to show that crude supplies rose last week.
Financial markets were surprised by data in the United States that indicated the traditionally strong service sector shrank dramatically last month, raising the prospect that demand for energy will weaken along with the economy.
The Institute for Supply Management said its index of activity in the U.S. service sector, which makes up about two-thirds of the economy there, fell below 50 for January, indicating contraction - the first in nearly five years.
It was the latest in a series of reports that have stoked fears that the world's largest economy is nearing -- or already in -- recession.
Overnight, Wall Street declined sharply, pulling down major Asian stock markets Wednesday. Hong Kong's benchmark index plunged 5.4 percent in a half-day session ahead of a long break for the Lunar New Year; Japan's Nikkei index fell 4.7 percent.
Energy investors often view stocks as a proxy for economic growth, and worry that if economies slow or shrink, demand for oil and gasoline will as well.
Light, sweet crude for March delivery dropped 46 cents to $87.95 a barrel by noon in European electronic trading on the New York Mercantile Exchange. The contract fell $1.61 to settle at $88.41 a barrel on Tuesday.
The U.S. Energy Department was to issue its weekly report on oil inventories later Wednesday. Crude supplies were forecast to have grown last week by 2.6 million barrels, according to the average estimate of analysts surveyed by Dow Jones Newswires.
Gasoline stockpiles were seen building 1.8 million barrels, while distillates, which include heating oil and diesel fuel, were seen falling 1.8 million barrels. Refinery use was seen falling 0.1 percentage point to 84.9 percent.
OPEC has argued that -- while the market is well supplied with crude -- stretched refinery capacities in the U.S. are a potential source of supply shortages of gasoline and other oil-derived products.
Reporting that Saudi Arabia cut its official selling prices for its crude shipments to the U.S. and Asia but increased them for Europe, Vienna's JBC Energy said "weak refining margins in Asia and the U.S. prompted refiners to cut runs, which led to weak crude demand in these regions."
In Europe, on the other hand, "lower supplies of Urals and North Sea grades, supported the demand for Middle Eastern grades," its daily energy market report said.
Heating oil prices were essentially steady at $2.4405 a gallon, while gasoline prices lost more than a penny to fetch $2.2525 a gallon. Natural gas futures added 5.1 cents to $7.993 per 1,000 cubic feet.
Brent crude lost 42 cents, selling at $88.40 a barrel on the ICE Futures exchange in London.
nnuut
Moderator | TSP Legend
BREAKING
NEWS
Oil prices retreat after big increase in crude inventories. More soon.
This is GOOD!
http://money.cnn.com/?cnn=yes
Oil retreats on bigger crude supply
Price dips below $88 a barrel as inventory report shows strength in gasoline and distillates as well.
February 6 2008: 10:37 AM EST
NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday after the government said supplies of crude rose more than expected last week.
U.S. light crude for March delivery tumbled $1.15 to $87.26. Oil had traded up 10 cents to $88.51 just prior to the report's release.
In its weekly inventory report, the Energy Information Administration said crude stocks rose by 7 million barrels last week. Analysts were looking for a rise of 2.6 million barrels, according to a Dow Jones poll.
Distillates, used to make heating oil and diesel fuel, rose by 100,000 barrels while gasoline supplies rose by 3.6 million barrels. Analysts were looking for a 1.8 million barrel dip in distillates supplies and a 1.8 million rise in gasoline stockpiles. http://money.cnn.com/2008/02/06/markets/oil_eia/index.htm?postversion=2008020610
NEWS
Oil prices retreat after big increase in crude inventories. More soon.
This is GOOD!
http://money.cnn.com/?cnn=yes
Oil retreats on bigger crude supply
Price dips below $88 a barrel as inventory report shows strength in gasoline and distillates as well.
February 6 2008: 10:37 AM EST
NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday after the government said supplies of crude rose more than expected last week.
U.S. light crude for March delivery tumbled $1.15 to $87.26. Oil had traded up 10 cents to $88.51 just prior to the report's release.
In its weekly inventory report, the Energy Information Administration said crude stocks rose by 7 million barrels last week. Analysts were looking for a rise of 2.6 million barrels, according to a Dow Jones poll.
Distillates, used to make heating oil and diesel fuel, rose by 100,000 barrels while gasoline supplies rose by 3.6 million barrels. Analysts were looking for a 1.8 million barrel dip in distillates supplies and a 1.8 million rise in gasoline stockpiles.
http://money.cnn.com/2008/02/06/markets/oil_eia/index.htm?postversion=2008020610
Silverbird
Well-known member
It's CITGO. 
You know, Venezuelean oil with the softy commercials that they will offer low heating oil prices to impoverished Americans. Invisible hand steals wallet.
You know, Venezuelean oil with the softy commercials that they will offer low heating oil prices to impoverished Americans. Invisible hand steals wallet.
nnuut
Moderator | TSP Legend
It's CITGO.
Of course you do know that CITGO is partially owner by our friend Hugo Chavez of Venezuela! NO NO CITGO
, I don't trade there!
nnuut
Moderator | TSP Legend
How true, but they are not rude and insulting to OUR President! Oh, I mean the Devil!:nuts:
http://uk.youtube.com/watch?v=TI0_VzFxTzs
Last edited:
nnuut
Moderator | TSP Legend
A lot of folks can't understand how we came
to have an oil shortage here in our country.
~~~
Well, there's a very simple answer.
~~~
Nobody bothered to check the oil.
~~~
We just didn't know we were getting low.
~~~
The reason for that is purely geographical.
~~~
Our OIL is located in
~~~
ALASKA
~~~
California
~~~
Coastal Florida
~~~
Coastal Louisiana
~~~
Kansas
~~~
Oklahoma
~~~
Pennsylvania
and
Texas
~~~
Our
DIPSTICKS
are located in
Washington, DC !!!
Any Questions ??? :nuts:
NO? I didn't Think So.
poolman
Top Return 2008
A few days ago I was having some work done at my local garage. A blonde came in and asked for a seven-hundred-ten. We all looked at each other and another customer asked, "What is a seven-hundred-ten?" She replied, "You know, the little piece in the middl e of the engine, I have lost it and need a new one." She replied that she did not know exactly what it was, but this piece had always been there. The mechanic gave her a piece of paper and a pen and asked her to draw what the piece looked like. She drew a circle and in the middle of it wrote 710. He then took her over to another car which had its hood up and asked "is there a 710 on this car?" She pointed and said, "Of course, its right there." If you're not sure what a 710 is Click Here
Crazy_Henry
New member
Typical!:laugh::laugh:
lol thats a typical blonde for ya!
poolman
Top Return 2008
Could be this too.... Heck if I know... :nuts:
Have you ever wondered how a woman's brain works? Well....it's finally explained here in one, easy-to-understand illustration:
Every one of those little blue balls is a thought about something that needs to be done, a decision or a problem that needs to be solved. A man has only 2 balls and they take up all his thoughts.
Have you ever wondered how a woman's brain works? Well....it's finally explained here in one, easy-to-understand illustration:
Every one of those little blue balls is a thought about something that needs to be done, a decision or a problem that needs to be solved. A man has only 2 balls and they take up all his thoughts.
Crazy_Henry
New member
Hey Crazy Henry, welcome to the Message Board and Oil Slick Stuff. You must be a nnuut?
Norman
Thanks Norman, I have been a member for quite some time but I have been merely a bystander roaming the forums getting tips and advice from others reading all the posts. Thanks for the warm welcome
I look forward to getting more involved with the tsptalk community.
nnuut
Moderator | TSP Legend
Men pay attention and don't get in a hurry, it takes longer. Well with just 2 how much of a hurry can we get in to?:laugh:Could be this too.... Heck if I know... :nuts:
Have you ever wondered how a woman's brain works? Well....it's finally explained here in one, easy-to-understand illustration:
Every one of those little blue balls is a thought about something that needs to be done, a decision or a problem that needs to be solved. A man has only 2 balls and they take up all his thoughts.