Oil Slick Stuff

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The free U.S. traveler is home for the holidays. Hope OPEC chokes on the bone.

God Bless all the deployed Men & Women in the US Military. :)
 
Amen brothers! Wish all a great thanksgiving, may your turkeys and your stomachs be big tomorrow!:D Watch out for that Turkey Fat Slick!:p
 
Oil edges lower:o

Wednesday's news of a well supplied U.S. market pushes oil below $59 a barrel.

November 23 2006: 8:27 AM EST


LONDON (Reuters) -- Oil prices eased Thursday after crude inventories piled up and weighed on already well-supplied markets.
Prices topped $60 this week after a halt in crude shipments at an Alaskan port, but were dragged down nearly $1 on Wednesday by a surprise 5.1 million barrel rise in U.S. crude inventories.
http://money.cnn.com/2006/11/23/markets/oil.reut/index.htm?postversion=2006112308
 
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$59.83 at 09:41 EST.
11/24/2006 - Updated 9:15 AM ET:(
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Oil joins commodity rally on dollar rout, Iraq worry
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose early Friday, joining in a broader rally in the commodities markets as a major rout of the dollar and deadly car bomb attacks in Iraq combined to create a safe-haven bid.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B92056E77%2D842B%2D4547%2D8C4B%2DB29B6B954322%7D
 
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Dollar Down, Oil UP, like soup and sandwich!:mad:
11/24/2006 - Updated 1:24 PM ET
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Oil joins commodity rally on dollar rout, Iraq worry
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose Friday, joining in a broader rally in the commodities markets as a major rout of the dollar and deadly car bomb attacks in Iraq combined to create a safe-haven bid.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B92056E77%2D842B%2D4547%2D8C4B%2DB29B6B954322%7D
 
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We disparately need more refineries, but it's going to cost us!:mad:

Industry is earmarking billions of dollars to keep pace with robust demand
By Jasmina Kelemen, MarketWatch
Last Update: 10:51 AM ET Nov 25, 2006

HOUSTON (MarketWatch) -- Since July, gasoline prices are down about 25% nationwide. That's the good news.
The bad news? Don't get used to it.
While the steep drop in prices at the pump points to lower profit margins for refiners, energy analysts warn that the long-term outlook continues to favor oil companies over motorists, which accounts for the industry's willingness to sink billions of dollars into expanding its refinery capacity without fear of hurting the bottom line.
http://www.marketwatch.com/news/sto...x?guid={1319640A-1EFE-4865-B3B5-5C69EC4CD36E}
 
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$59.31 a barrel at 07:13

Oil nears $60 on Saudi cut talk

Saudi oil minister discusses further production cuts at Dec. 14 OPEC meeting.

November 27 2006: 6:13 AM EST


LONDON (Reuters) -- Oil rose one percent towards $60 a barrel on Monday after Saudi Arabia's oil minister said OPEC may cut output further when it meets on Dec. 14.
Surging gold also lifted oil as investment funds sought an alternative to the dollar, at a 20-month low against the euro.
U.S. crude rose to $59.86 by 4:21 a.m. ET, up 62 cents from the settlement Wednesday, the last day of trade in New York before the two-day Thanksgiving holiday.
http://money.cnn.com/2006/11/27/markets/oil.reut/index.htm?cnn=yes
 
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Someone needs to slap this Guy!:nuts:

A gas tax may help small business

Falling fuel prices may seem like good news for entrepreneurs. But a properly designed gas tax could be even better.

By Brian Dumaine, FSB Magazine
November 28 2006: 7:24 AM EST

(FSB Magazine) -- Like many entrepreneurs, Tedd Saunders finds most taxes annoying. He co-owns seven East Coast hotels, including the Lenox in Boston, and would love to see the estate tax gutted. He also rankles at a hotel room tax levied by lawmakers in his home state, dubbed "Taxachusetts."
http://money.cnn.com/magazines/fsb/fsb_archive/2006/12/01/8395106/index.htm?postversion=2006112807
 
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nnuut said:
$59.31 a barrel at 07:13

Oil nears $60 on Saudi cut talk

Saudi oil minister discusses further production cuts at Dec. 14 OPEC meeting.

November 27 2006: 6:13 AM EST

LONDON (Reuters) -- Oil rose one percent towards $60 a barrel on Monday after Saudi Arabia's oil minister said OPEC may cut output further when it meets on Dec. 14.
Click to expand...

This date could coincide very conveniently with a December pullback in the market. I'm definitely putting this date on my calendar. Certainly fits into the timeframe that would seem likely.

Maybe this is buy on rumor? (or as a contrarian indicator, sell on rumor?) So many rumors, so little time, LOL!
 
Yes, I read your discussion about this subject. Might well come into play if the Saudis cut is substantal and drives oil up around $70. Not good, but in itself not enough to kill the market, but you have many other factors to consider already. Keep digging maybe your efforts will give us a little advantage.:D
 
Now the weather forecasters are setting the price of OIL! WW is this your doing?:confused: :nuts: $61.19 a barrel at 07:50 EST.
11/29/2006 - Updated 8:00 AM ET
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Cold weather forecasts prop up oil prices
By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Forecasts for cold temperatures across the U.S. pushed crude prices higher early Wednesday with traders looking ahead to weekly data on supplies of oil and its products.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B10DB82D8%2D9A43%2D41F4%2DB651%2DC9A8515377B9%7D
 
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