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OPEC Likely to Hold Output Steady
by Summer Said

Dow Jones Newswires

Wednesday, March 03, 2010


OPEC Headquarters​


DUBAI (Zawya Dow Jones), Mar. 3, 2010
The Organization of Petroleum Exporting Countries is likely to keep crude output quotas unchanged at their March 17 meeting in Vienna as oil prices remain at satisfactory levels, a senior Gulf official said Wednesday. [more]
http://www.rigzone.com/news/article.asp?hpf=1&a_id=88710
 
03/04/2010 - Updated 11:48 AM ET
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Crude futures edge lower but hold above $80Less-than-expected drop in U.S. inventory does little for natural gas prices [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B15C56DD9%2D69EA%2D4B32%2DB95D%2D7EDD8D3217C1%7D
 
Frixxxx said:
:mad: Gas up to $3.01 :mad:​
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Tough in CA!!! That's the way it is out there, the liberials like it that way. If you notice the price spikes at just a hint of a recovery, that's some kind of a system we have, How about changing that?
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03/05/2010 - Updated 10:37 AM ET
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Oil touches $82 a barrel after better-than-expected jobs data
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By Polya Lesova, MarketWatch & Laura Mandaro, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures topped $82 a barrel Friday for the first time in about seven weeks, as a shallower drop in U.S. jobs buoyed hopes for higher energy demand.
Crude for April delivery rose $1.70, or 2%, to $81.90 a barrel. It hit a high of $82.12, the first time the most active contract has topped $82 since Jan. 11, according to FactSet. [more]
http://markets.usatoday.com/custom/...S&guid={EBBE9817-E49D-4B08-97F7-E778AEC52FD0}
 
CBOT trading-

On the commodities market- gasoline closed at $2.27/gal, today. That's 84 octane, RBOB. It would probably be about $2.30 to bring it up to 87 octane.

Ethanol was at $1.61 at one oclock. That's $1.61 before the blenders credit is applied.

Allowing a 20% discount for mileage, Ethanol is Cheaper than Gasoline, today.

Without subsidies.

Gasoline may not, ever again, be cheaper than ethanol in America.


After 100 years of price fixing, oil depletion allowances, tax credits for deep water drilling, and foreign sales, and Foreign Wars to protect the oil supply, Today, Ethanol is Cheaper.

Without Subsidies.

Attention all owners of Flex-Fuel automobiles- head down to the e85 stations- because it's now cheaper, no matter who you are, to buy E85.

http://e85prices.com


GASOLINE APRIL FUTURES:
View attachment 8601


ETHANOL APRIL FUTURES:
View attachment 8602

If you don't have an E85 station near you, ask your local gas station owner WHEN DOES HE PLAN TO ADD E85, SINCE IT'S NOW CHEAPER TO BURN E85 THAN GASOLINE, EVEN WITHOUT THE SUBSIDIES???

http://e85prices.com


​
 
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Gasoline= $2.69 here.

E85 = $2.29

Watch for a significant bounce upwards in gas prices over the next week or so as those higher trading prices flow downhill...
 
James48843 said:
Gasoline= $2.69 here.

E85 = $2.29

Watch for a significant bounce upwards in gas prices over the next week or so as those higher trading prices flow downhill...
Click to expand...


Good thing I filled up before this weekend....Only problem with OIL prices fluctuating..is that the Market follows..So I'd hate to see oil go down too much...Like I said before..$70/bbl is a fair price for everyone.
 
Buster said:
Gas down a little to $2.52
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Should jump at least another nickle from where it is now over the next few days.

Oil maintains momentum to rise to near $82

Oil rises to near $82 in Europe, extending Friday's gains as global economy shows improvement

Oil prices headed higher toward $82 a barrel Monday, extending gains from last week amid signs the global economy may be improving.
By early afternoon in Europe, benchmark crude for April delivery was up 43 cents to $81.93 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, it peaked at $82.41. The contract rose $1.29 to settle at $81.50 on Friday.
 
03/08/2010 - Updated 6:18 AM ET
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Oil futures extend gains to top $82
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By Polya Lesova, MarketWatch & Myra P. Saefong, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures climbed above $82 a barrel in electronic trading on Monday, extending last week's gains on hopes of a swift recovery in the global economy.
Crude oil for April delivery rose to an intraday high of $82.47 a barrel on Globex.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BF34801B3%2D2106%2D4960%2D9658%2DAAFA69B6E389%7D
 
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Up goes the price if this happens.:mad:
DRILL DRILL DRILL!!

Oil-rich countries demand a bigger cut of profits

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By Steve Hargreaves, staff writerMarch 5, 2010: 10:39 AM ET

NEW YORK (CNNMoney.com) -- Two of the world's oil-rich countries may make it harder for oil companies to do business with them.
Both Brazil and Nigeria currently offer fairly good contract terms to international oil giants like Exxon Mobil (XOM, Fortune 500) and Royal Dutch Shell (RDSA) that operate within their borders. But now they're hoping to collect a much bigger chunk of the profits from the oil produced in their countries.

http://money.cnn.com/2010/03/05/news/international/oil_royalties/index.htm
 
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