Oil Slick Stuff

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American companies....well if you include U.S. affiliates of Foreign companies, most likely the answer is Yes.

If you mean U.S. owned companies, Shell, for instance, is based in the Netherlands, BP is based in the UK....
 
Oil drilled on the continental USA must be refined and sold in the USA with a few exceptions.

This is better than offshore drilling, our government didn't do us a favor by not revising the law to make the same regulations apply to anything in the United States Territorial waters, 200 nautical miles.
http://en.wikipedia.org/wiki/Territorial_waters
Thank them again for the great leadership. Check the price for US Oil!:)
http://stockcharts.com/h-sc/ui?s=uso
 
05/18/2010 - Updated 3:30 PM ET
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Crude futures settle at seven-month lowRebound short lived; API to report supply data at 4:30 p.m. Eastern
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch
http://markets.usatoday.com/custom/...S&guid={5A0C9A34-4B07-48A6-A212-33B49898E715}
 
It's relative to the amount lf money we will have left after Obama's Taxs take hold of our wallets, so it's relatively close to your BUTT!
You know where that is, well hell look at Bart!:laugh: bartmoon.gif
Well let me go I have to go and make some BEER!!! Beer_mug_2.gif
 
05/19/2010 - Updated 1:12 AM ET
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Crude futures drop below $68 on Globex
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By Myra P. Saefong, MarketWatch

TOKYO (MarketWatch) -- Crude-oil futures fell below $68 a barrel in electronic trading Wednesday afternoon in Asia, extending their losses after closing at a seven-month low in New York, as broad weakness in Asia's stock markets helped rob investors of confidence in energy demand.
"The European fiscal crisis and the generalization of budget adjustment programs seem to have acted as an eye-opener," Christophe Barret, global oil analyst at Credit Agricole, said in a report this week, pointing out that since the start of April, West Texas Intermediate crude had lost $15 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-markets.asp
 
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Crude inventories up 1.63 Million Barrels. Down she goes, along with the Market!
http://www.briefing.com/investor/Public/Calendars/EconomicCalendar.htm
Mistake on my part that is a gain of.162 million barrels or 162,000 Barrels, less than expected. Might be sort of even and not effect the price much.
Oil prices had retreated to fresh multimonth lows below $68 per barrel earlier this morning, but prices have since recovered and even poked into positive territory in the moments that followed news that weekly oil inventories had a build of 162,000 barrels when a build of a half million barrels had been expected. Contract prices for crude oil were last quoted at $69.50 per barrel, up 0.1%.
http://finance.yahoo.com/marketupdate/overview?u
 
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05/20/2010 - Updated 7:01 AM ET
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Crude futures drop ahead of economic data, expiration

U.S. stock futures tilt lower as euro ebbs; jobless claims, Philly Fed index on tap
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures dropped on Thursday, tracking declines in U.S. stock futures and the euro, ahead of economic data and the impending expiration of the front-month June contract for oil.
Crude for July delivery, the most active contract, dropped 96 cents to $71.52 a barrel in electronic trading on Globex.
://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BAC092EA8%2D6325%2D48DB%2DB71D%2D69A5D347C0C6%7D&loc=interstitialskip
 
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NYH RBOB Gasoline
Dropped below $2 a gallon!!!!! We haven't seen that in a long time, I LIKE IT!! :D
05/20/10
07:38..........$1.9800.....-.0352 airplane5.gif
 
BP May Deploy 'Top Kill' Gear Early Next Week
by Isabel Ordonez

Dow Jones Newswires

Thursday, May 20, 2010

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HOUSTON (Dow Jones), May 20, 2010
BP could deploy equipment Sunday or early next week in order to start the procedure known as a "top kill" to stem the flow of oil leaking into the Gulf of Mexico.
http://www.rigzone.com/news/article.asp?a_id=93556&hmpn=1
 
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Frontyard done, on to the backyard!:sick:

05/20/2010 - Updated 10:56 AM ET
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Crude futures drop further as U.S. jobless claims rise
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By Claudia throu, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) - Losses mounted for oil futures Thursday as a report showing an unexpected rise in U.S. weekly jobless claims rekindled worries about the strength of the economic recovery and its impact on energy demand.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BAC092EA8%2D6325%2D48DB%2DB71D%2D69A5D347C0C6%7D
 
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OIL dropping throught the bottom, this is serious!! anxiety.gif


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