Oil Slick Stuff

Oil ends lower

Strong economic data and the Treasury Department's bad-bank plan help boost crude prices despite mixed inventory report.

By Julianne Pepitone, CNNMoney.com contributing writer

Last Updated: March 25, 2009: 2:53 PM ET

oil.mkw.gif


NEW YORK (CNNMoney.com) -- Oil prices remained lower but recovered some losses Wednesday after positive economic data and the Treasury Department's bad-bank plan outweighed a mixed inventory report.
Crude prices settled down $1.21, or more than 2.2%, to $52.77 Tuesday. Oil traded almost 4% lower just prior to the report's release.
The Energy Information Administration said oil supplies soared by 3.3 million barrels in the week ended March 20.
://money.cnn.com/2009/03/25/markets/oil/index.htm
 
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The TREND is not your friend in this case!!:worried:
The damn stuff won't go down though, even if oil slides a bit..but let oil go up a buck and gas jumps a dime overnight..WTF I say:mad::mad:

The Oil Companies could at least use this..

31SYWN8B0GL._SL500_AA280_.jpg
 
Wow, that's a slippery subject!!:worried:
Let's talk about MPG!!! I like this, making better machines is another way to help.

Mazda: Clean diesel, not hybrids

Japanese car company says it will begin to produce clean diesel engines that will rival gasoline-electric hybrids.

March 26, 2009: 7:19 AM ET

TOKYO (Reuters) -- Mazda Motor Corp. said on Thursday it expected to develop a diesel engine that was cheaper and about as fuel-efficient as some hybrid cars by 2011 as part of its efforts to improve mileage without the aid of costly electric systems.
The Hiroshima-based automaker has set a target of raising its global car fleet's fuel economy by 30% by 2015, and plans to rely on advances in internal combustion engines, automatic transmissions and vehicle weight reduction to reach that goal.

http://money.cnn.com/2009/03/26/new...engines.reut/index.htm?postversion=2009032607
 
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The Oil Companies could at least use this..

I've been using that product for years in my Mitsubishi, its kinda like Slik50. When my wife said I should try it on myself in order to stop
being so retentive, I found it didn't work as well as in my car ! :laugh:
 
Norm, I'm reading alot about a impending boom in oil come May. Not just
in oil, but in all comodities. If so, .10 cents overnight is going to look like
a walk in the park. Here anything? :)
 
Norm, I'm reading alot about a impending boom in oil come May. Not just
in oil, but in all comodities. If so, .10 cents overnight is going to look like
a walk in the park. Here anything? :)

Don't know SB but there's all kinds of predictions out there. Here's a link, the Good and The Bad and The Ugly::cool:

Oil will Increase to $180 - $215+ by 2010 and then Decline to $40 - $60 by 2015
Oil prices will likely rise to a commodity bubble peak of between $180 and $215, possibly even more, and if not that high then, at an absolute minimum, retest its 2008 high of $147, between late 2009 and mid-2010 unless the economy implodes earlier in 2009. We should then see a major crash in oil prices, beginning in 2010, back into the $40 - $60 range, and possibly even lower, between 2012 and 2015 which will continue for years.
http://www.marketoracle.co.uk/Article9471.html
 
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Thanks Norm ! By the way, if we had to vote
on the best avitar, you'd win hands down. I
always wanted to tell you so ! ;)
Thanks, I like it cause I'm always getting beat up. Who ever made it did a great job. Yours fits your personality perfectly, layback!!:D
 
Hey Buster, how do you like this?::eek:

Gas prices rise above $2

That's the highest they've been since late November.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 26, 2009: 10:44 AM ET

NEW YORK (CNNMoney.com) -- Gas prices rose above the $2 mark for the first time in four months, according to a motorist group's daily survey Thursday.
The national average price for a gallon of regular unleaded gasoline increased to $2.009, up 2.3 cents from the previous day, motorist group AAA reported.
http://money.cnn.com/2009/03/26/news/economy/gas_prices/index.htm?postversion=2009032610
 
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NEW YORK (AP) -- Crude oil futures rose above $53 a barrel Thursday and U.S. gasoline prices jumped above $2 a gallon for the first time this year as investors wagered that there would be a new run on crude stocks.

Benchmark crude for May delivery rose 86 cents to $53.63 a barrel on the New York Mercantile Exchange. In London, Brent prices rose $1.39 to $53.14 a barrel on the ICE Futures exchange.
http://finance.yahoo.com/news/Crude-prices-surge-despite-apf-14754462.html
 
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*sigh* maybe the only *short and abort* game in town these days is oil, the last stronghold of the emotional bounce?
 
Maybe we all could buy a couple of these and not use Gasoline?:laugh:

Tesla rolls out new sedan

  • Tesla says manufacturing plant will be in California; hundreds of jobs possible
    The all-electric Model S sedan will go for a base price of about $50,000
    Tesla's challenge: Will consumers pay that much for a car in recessionary times?
  • The company hopes to make 20,000 Model S sedans a year
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LOS ANGELES, California (CNN) -- While automakers lay off staff and shut down plants in response to the economic downturn, one automaker announced Thursday that it will open a manufacturing plant in the United States, potentially creating hundreds of jobs in the area eventually chosen.
art.tesla.cnn.jpg
Tesla unveils its Model S sedan, with a base price of $57,400. The manufacturing plant will be in California.

Tesla Motors, maker of a high-end electric sports car, says it will build an all-electric sedan in Southern California.
Thursday's announcement was made in Hawthorne, California, where Tesla unveiled the Model S sedan at a base price of $49,900, after a federal tax credit of $7,500.[more]
http://www.cnn.com/2009/US/03/26/tesla.new.sedan/index.html
 
Hmmm... couldn't have picked a better place for laid-off autoworkers to relocate to that sunny southern California. I hear housing is cheap and the cost of living is minimal.

All those a-list celebrity types can buy them straight from the factory and smugly show up to the red carpet with that self-satisfied look on their face.

Hopefully that will pay for enough research and design to figure out how to make economy model cars under $20,000 for those people that don't want to pay for friggin' $4/gal gas AGAIN!.



Oh, let me be the first to wish you a Happy Birthday for tomorrow Nnut!!! I hope you get lots of cake, presents, and everything else you wish for ... let me guess, it's 29 again this year right? :D
 
Hmmm... couldn't have picked a better place for laid-off autoworkers to relocate to that sunny southern California. I hear housing is cheap and the cost of living is minimal.

All those a-list celebrity types can buy them straight from the factory and smugly show up to the red carpet with that self-satisfied look on their face.

Hopefully that will pay for enough research and design to figure out how to make economy model cars under $20,000 for those people that don't want to pay for friggin' $4/gal gas AGAIN!.



Oh, let me be the first to wish you a Happy Birthday for tomorrow Nnut!!! I hope you get lots of cake, presents, and everything else you wish for ... let me guess, it's 29 again this year right? :D

Yes Minnow my last post was a little tounge-in-cheek to say the least. Thanks for the early Happy Birthday, that's good though I won't be on line over the weekend cause my computer is on it's way to Illinois to HP for a new motherboard, I expect it to be back by Thanksgiving?:worried: This summer Gas will be over $2.50 a gallon again, and for NO GOOD REASON!! And electric Car would be nice, but I can't afford $50,000 bucks, I think it's cheaper to drive what I have.:D
Oh, I've been 29 at least twice!!:laugh:
 
Maybe we all could buy a couple of these and not use Gasoline?:laugh:

Tesla rolls out new sedan

  • Tesla says manufacturing plant will be in California; hundreds of jobs possible
    The all-electric Model S sedan will go for a base price of about $50,000
    Tesla's challenge: Will consumers pay that much for a car in recessionary times?
  • The company hopes to make 20,000 Model S sedans a year
I'd buy it if I got 0% financing, extreme tax breaks and the gasoline cost
savings would allow the payment to become affordable. Otherwise, it's
a gas guzzling hooptie for me. :)
 
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