Oil Slick Stuff

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10/22/2009 - Updated 5:58 AM ET
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Oil futures decline after previous session's strong gains
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures declined on Thursday, as the U.S. dollar rebounded against other major currencies, weighing on dollar-denominated commodities such as oil.
Crude oil for December delivery fell $1.19, or 1.5%, to $80.19 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={1C2BD3AE-BE41-43E1-870F-A1A368655CB7}
 
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10/23/2009 - Updated 6:46 AM ET

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Crude futures atop $81, little changed ahead of housing data
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures held in a narrow range above $81 a barrel Friday, as the energy market looked for direction ahead of U.S. housing data and the latest string of corporate earnings reports.
Crude for December delivery gained 5 cents to $81.24 a barrel in electronic trading on Globex. The contract earlier rose to an intraday high of $81.78 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B97BDC310%2D5443%2D4D0F%2D9E53%2DD7FEB5551BBF%7D
 
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This aught to make your day.....



"Today, even though President Obama is against off shore drilling for oil for this country, He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA . The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil". We have absolutely no gain from this transaction whatsoever.



http://www.foxnews.com/politics/2009/08/20/loan-brazilian-oil-company-riles-conservatives-favor-offshore-drilling/
 
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Buster said:
This aught to make your day.....



"Today, even though President Obama is against off shore drilling for oil for this country, He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil. The oil that comes from this operation is for the sole purpose and use of China and not the USA . The Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil". We have absolutely no gain from this transaction whatsoever.
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How can this be? Speaking with a forked tongue is the thing to do now days!! achick.gif
 
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He signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company
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I wonder how much interest at least we'll be charging on the loan:rolleyes:
 
Sweet...unleaded 87's dropped all the way down to $2.59 today! WOW. Ever since my late teens, it was always a real wonder how gas prices in central OH could spike 20 or 25 cents in one afternoon (even defying what was actually happening in the markets and/or gov't reports) and then drop chink by chink for the next 7 days or so - only to wash, rinse, and repeat in ritual fashion the next week. Toss the complex economic models from college - all that remains is simple amazement and bewilderment. :notrust:

Christopher said:
Whiners...it's $2.65 here in central OH... :mad:
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It's a mystery to me Chris??:worried:


Oil dips below $81 as dollar firms, equities fall

  • On 12:35 pm EDT, Friday October 23, 2009
Joshua Schneyer

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Reuters - A motorist prepares to put fuel into her car at a petrol station in Melbourne July 3, 2008. ...

NEW YORK (Reuters) - Oil prices fell on Friday as a stronger U.S. dollar and doubts over the pace of economic recovery halted the commodity's recent rally.

The dollar (^DXY - News) gained against a basket of other currencies, while the S&P stock index (^SPX - News) fell 1 percent, as weak industrial sector earnings made investors question the pace of an economic recovery.
http://finance.yahoo.com/news/Oil-dips-below-81-as-dollar-rb-1305053848.html?x=0
 
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10/25/2009 - Updated 10:12 PM ET
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Crude futures slip back below $80 on Globex
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By Myra P. Saefong, MarketWatch

TOKYO (MarketWatch) -- Crude-oil futures fell back below $80 a barrel by late Monday morning in Asia, failing to find support from a reported rise in September Chinese oil demand, as traders took in profits from last week's 3.4% climb in prices.
Crude for December delivery was down 72 cents at $79.78 a barrel in electronic trading on Globex by late morning in Tokyo. It traded as high as $80 and as low as $79.57 during the Globex trading session.
http://markets.usatoday.com/custom/...S&guid={ABB425BE-FFC8-4C1D-A8C5-BDA7F2A2AAE3}
 
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10/26/2009 - Updated 8:03 AM ET
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Oil falls on easing worries over Nigeria
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By Polya Lesova, MarketWatch & Myra P. Saefong, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded lower on Monday after Nigeria's main militant group declared an indefinite ceasefire over the weekend, easing worries over supply disruptions in the African nation.
Crude for December delivery fell 16 cents to $80.34 a barrel in electronic trading on Globex. It traded as low as $79.56 earlier in the session.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BABB425BE%2DFFC8%2D4C1D%2DA8C5%2DBDA7F2A2AAE3%7D
 
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Markets like a lower dollar and I understand the concept, BUT a lower dollar goes hand and hand with higher energy cost which is inflationary, buying power is suffering BABY!! Is that good?:mad:

10/27/2009 - Updated 6:48 AM ET
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Oil futures rebound as dollar edges lower vs. rivals
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose above $79 a barrel early Tuesday, rebounding from the previous session's decline, as the dollar weakened against its major rivals, boosting the appeal of dollar-denominated commodities.
Crude oil for December delivery gained 41 cents to $79.09 a barrel in electronic trading on Globex. Earlier, it rose to an intraday high of $79.26 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BEB803F61%2D99E2%2D4F64%2D895B%2DAC7E4C9E36D8%7D
 
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..... while natural-gas prices tumbled more than 5%.
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I got a notice in the mail yesterday from Oklahoma Natural Gas (ONG) saying they are asking for a rate hike..which means to me a $4.95 increase on my monthly bill:suspicious:

Costumer comments:

Time: 03:14 :23 AM​
​
Please do NOT allow ONG a rate hike . They're asking for a rate increase
when so many people have taken a salary decrease, and when so many have
lost their jobs, and are without income . The American Clean Air Act just
passed in the House, and if it passes in the Senate, it will cause the
price everything in America to go up . Please do not increase the burden of
an additional increase to our already stressed ability to make ends meet .
ONG has proved insensitive to its customers to ask for an increase at such
at time when everyone is already in dire circumstances .

Sincerely yours,​
Forrest & Jean Towry

http://www.occeweb.com/ONG/07-22-09 Public Comment File.pdf
 
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