Oil Slick Stuff

Sort by newest Sort by date
UP!

05/30/2006 - Updated 8:25 AM ET
1.gif
Crude rises ahead of OPEC meeting
1.gif
</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) - Crude-oil futures rose early Tuesday with traders looking to the meeting of the Organization of Petroleum Exporting Countries in Caracas later this week for any move on production quotas.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B9FAD6630%2DCAA2%2D4536%2D907C%2D9BC2CD2912E4%7D
 
Last edited:
Hold tight to your money, I think it's OIL SLICK time again!!! Watch out for Thursday.:mad:

05/30/2006 - Updated 10:46 AM ET
1.gif
Oil futures climb above $72 as traders eye OPECTrades await cartel's summit, U.S. supply updates both due Thursday
1.gif
</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed above $72 a barrel to trade at a more than a two-week high with traders keeping an eye out for any news or comments from members of the Organization of the Petroleum Exporting Countries on production quotas ahead of their meeting in Caracas later this week.http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B9FAD6630%2DCAA2%2D4536%2D907C%2D9BC2CD2912E4%7D
 
Down, a little, but wait and see.:confused:

05/31/2006 - Updated 6:21 AM ET
1.gif
Crude oil prices ease back in electronic trading
1.gif
</IMG>By MarketWatch,
LONDON (MarketWatch) -- Front-dated crude oil was lower in electronic trading Wednesday as investors paused ahead of three possibly key upcoming events.
Crude for July delivery was down 48 cents at $71.55 a barrel in electronic trading. The contract closed up 66 cents at $72.03 a barrel in New York on Tuesday, after climbing as high as $72.75 earlier. The contract hasn't seen intraday or closing levels this high since May 12.

http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B418C972F%2D9B05%2D4200%2DB8B5%2D60462AD261D8%7D
 
We need Oil below $70, Ummmm $50 BUT>>
05/31/2006 - Updated 11:03 AM ET
1.gif
Crude eases on eve of OPEC meeting, U.S. data
1.gif
</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Set to end more than $2 below the level they closed at a month ago, crude-oil futures fell Wednesday as the Organization of the Petroleum Exporting Countries appeared unlikely to cuts its output quota and as traders awaited U.S. government energy data expected to show an increase in last week's supplies.
://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7B418C972F%2D9B05%2D4200%2DB8B5%2D60462AD261D8%7D
 
Last edited:
Be careful with this IRAN stuff. If it goes the wrong way and sanctions are placed on Iran they may stop all oil from leaving the gulf via the straights of Hormoz, then what? BANG!:mad:

06/01/2006 - Updated 7:56 AM ET
1.gif
Crude eases as market awaits OPEC, data
1.gif
</IMG>By Ciara Linnane, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures eased early Thursday as traders waited for news from the Organization of the Petroleum Exporting Countries meeting in Venezuela as well as weekly supply data, expected to show an increase in inventories in the latest week.
The OPEC meeting and data overshadowed for now at least the news that Iran has rejected a U.S. offer to hold talks on its nuclear program, which Secretary of State Condoleezza said is conditional on Tehran halting its uranium enrichment program. Foreign Minister Manouchehr Mottaki said the country is ready to talk but not to stop enrichment.




http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=Commodities&guid=%7BF969F784%2DE4CA%2D4540%2DAE11%2DBB80A7E35078%7D
 
Last edited:
Looks like they are not going to give us any slack?:(

AP
Oil Prices Rise to Almost $71 a Barrel
Friday June 2, 7:40 am ET Oil Prices Rise to Almost $71 a Barrel Over Concerns About Iran's Nuclear Ambitions
LONDON (AP) -- Oil prices edged higher Friday after ending sharply lower in the previous session. Analysts said anxiety over Iran's nuclear ambitions continued to support crude futures. The rise came a day after the U.S. government reported higher oil inventories and the Organization of Petroleum Exporting Countries decided, as expected, to leave its output quotas steady at 28 million barrels a day.

http://biz.yahoo.com/ap/060602/oil_prices_europe.html?.v=1
 
Now oil crap is going to give us more things to consider.:mad:

06/02/2006 - Updated 4:02 PM ET
1.gif
Energy pits mull Iran, Nigeria developmentsCrude gains 2.8% in broadly higher petroleum segment
1.gif
</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures closed higher Friday, as traders awaited the next exchange between Iran and western nations over their nuclear dispute while weighing the latest kidnapping of oil workers in Nigeria as well as damage at a Valero refinery in the U.S. Crude for July delivery closed up $1.99, or 2.8%, at $72.33 a barrel on the New York Mercantile Exchange and was up 1.3% from a week ago. On http://markets.usatoday.com/custom/...s&guid={4603430B-A30D-4703-A0F8-01A93A168DAB}
 
Last edited:
In the next 2 years,1 billion cars will hit the road between India and China,and thats allot of petrol that was coming our way.The sad fact is that gasoline in the next several years is going to sky rocket.It will be something we should be ready for,but there will come a day where the price of oil will mean nothing and that is with a big N.The reason behind my logic is Methanol.You take Hydrogen and Carbon Dioxide and guess what you get?(METHANOL)I would suggest everyone google this,and be on the look out for companies that will be starting this process in the near future.Read the book Beyond Oil-The Methanol Economy by a Nobel Peace Prize winner in chemistry.You dont hear much about it,as that is the way oil companies want it and also our President.Wonder why?
 
Iran is less than a Paper Tiger.The nutcase that speaks for that country has no support from his own people.He has just found out that the more asinine statement he makes,the more press coverage he gets and he likes the attention.Iran is the least of our problems.We will build them a light water reactor and passivive them and they will claim victory.You cant really believe that they will bomb the Straits with a Republican at the helm?Maybe Hillary,but not George.If they did that,there entire population would taste gun metal.You give him credibility Mr Nnuut,when you refer to him as Supreme Leader.
 
It's OIL SLICK TIME, watch out it's mighty slippery!!

Oil jumps to nearly $74 on Iran worries
Iran hints that it may use oil supply as a weapon in nuclear dispute with the West.
June 5, 2006: 7:28 AM EDT

SINGAPORE (Reuters) - Oil prices climbed over $1 near $74 Monday after Iran hinted it might use oil production as a weapon in its nuclear dispute with the West and hitches at U.S. refineries spurred worries about fuel supplies.
U.S. light crude for July delivery traded $1.42 higher at $73.75 a barrel, after gains of $1.99 on Friday. London Brent crude rose $1.55 to $72.58 a barrel.

http://money.cnn.com/2006/06/05/markets/oil.reut/index.htm
 
Machinist Mate said:
Iran is less than a Paper Tiger.The nutcase that speaks for that country has no support from his own people.He has just found out that the more asinine statement he makes,the more press coverage he gets and he likes the attention.Iran is the least of our problems.We will build them a light water reactor and passivive them and they will claim victory.You cant really believe that they will bomb the Straits with a Republican at the helm?Maybe Hillary,but not George.If they did that,there entire population would taste gun metal.You give him credibility Mr Nnuut,when you refer to him as Supreme Leader.
Click to expand...

I think he is an embarrassment to the human race and don't use the nnuut name in vain, thank you! Kidding, I agree, but you never know what these people may do in the name of Allah.
 
Machinist Mate said:
Iran is less than a Paper Tiger.The nutcase that speaks for that country has no support from his own people.He has just found out that the more asinine statement he makes,the more press coverage he gets and he likes the attention.Iran is the least of our problems.We will build them a light water reactor and passivive them and they will claim victory.You cant really believe that they will bomb the Straits with a Republican at the helm?Maybe Hillary,but not George.If they did that,there entire population would taste gun metal.You give him credibility Mr Nnuut,when you refer to him as Supreme Leader.
Click to expand...



If you are talking about the nut case picking a fight with a Iran, you are correct. He is rapidly losing support and the country he represents is a Paper Tiger. See article below...

May 11, 2006, 9:12 pm
Bush Dips Into the 20s

President Bush’s job-approval rating has fallen to its lowest mark of his presidency, according to a new Harris Interactive poll. Of 1,003 U.S. adults surveyed in a telephone poll, 29% think Mr. Bush is doing an “excellent or pretty good” job as president, down from 35% in April and significantly lower than 43% in January. Approval ratings for Congress overall also sank, and now stand at 18%.
Roughly one-quarter of U.S. adults say “things in the country are going in the right direction,” while 69% say “things have pretty seriously gotten off on the wrong track.” This has been the trend since January, when 33% said the nation was heading in the right direction. Iraq remains a key concern for the general public, as 28% of Americans said they consider Iraq to be one of the top two most important issues the government should address, up from 23% in April. The immigration debate also prompted 16% of Americans to consider it a top issue, down from 19% last month, but still sharply higher from 4% in March.
http://blogs.wsj.com/washwire/2006/05/11/bushs-approval-ratings/
 
Machinist Mate said:
In the next 2 years,1 billion cars will hit the road between India and China,and thats allot of petrol that was coming our way.The sad fact is that gasoline in the next several years is going to sky rocket.It will be something we should be ready for,but there will come a day where the price of oil will mean nothing and that is with a big N.The reason behind my logic is Methanol.You take Hydrogen and Carbon Dioxide and guess what you get?(METHANOL)I would suggest everyone google this,and be on the look out for companies that will be starting this process in the near future.Read the book Beyond Oil-The Methanol Economy by a Nobel Peace Prize winner in chemistry.You dont hear much about it,as that is the way oil companies want it and also our President.Wonder why?
Click to expand...

Seems there are many methods to the madness...guess we will all continue to pay the piper one way or another.....
 
You must log in or register to reply here.
Back
Top