Oil Slick Stuff

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$61.87 a barrel at 14:08. This is putting a damper on our RALLY, DOWN BOY, DOWN!:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Jan&cmonth=F&year=7&currPrev=C

11/29/2006 - Updated 1:55 PM ET
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Crude tops $62 as supply marks first fall in 5 weeksGovernment posts fall in crude, gasoline supply; natural-gas at 2-month high
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed past $62 a barrel Wednesday to a more than two-week high after the Energy Department reported its first decline in supplies of the commodity since mid-October and showed that distillate inventories dropped for an eighth week in a row.

http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B10DB82D8%2D9A43%2D41F4%2DB651%2DC9A8515377B9%7D
 
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$62.43 a barrel at 07:43 EST. :mad:
Oil Slick Warning!
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Jan&cmonth=F&year=7&currPrev=C
Oil touches 2-month high near $63

Wednesday report shows that U.S. inventories of crude oil and refined products fell last week.

November 30 2006: 6:28 AM EST


LONDON (Reuters) -- Oil climbed to a two-month high near $63 on Thursday, building on the previous session's gains after an unexpected drop in U.S. winter fuel stocks and signs of solid economic growth in the world's top consumer.
http://money.cnn.com/2006/11/30/markets/oil.reut/index.htm?cnn=yes
 
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Cold Front, yep looks like it to Show-me, Check his Account Talk, Ice and Snow in Missouri, coming my way!:notrust:
 
mayday said:
We must have a cold front moving in somebody's gotta pay.
Click to expand...

Yup. I'm in Oklahoma City this week. It's as if these people never see snow and ice. I have to laugh as I watch the news and see how the city is treating this like the end of the world or something.
 
To Cut or not to Cut, that is the question.:confused:
Maybe less, maybe not!:o
OPEC split on production cuts

Inventories higher, but OPEC nations send conflicting signals on whether they will cut output further in December.

December 2 2006: 8:29 AM EST


CAIRO (Reuters) -- OPEC ministers sent conflicting signals on Saturday on whether the group needed to reduce oil production further to bring markets back into equilibrium.
Libya's top energy official said markets seemed to be nearing a balance and he did not feel there was a need for OPEC to add to the 1.2 million barrel per day cuts agreed in October.
http://money.cnn.com/2006/12/02/news/international/opec_cut.reut/index.htm?postversion=2006120208
 
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And just WHY NOT!
Drilling might resume in Alaska bay
POSTED: 10:06 p.m. EST, December 2, 2006 </H5>


Story Highlights

• President considers lifting ban on drilling in Bristol Bay
• Bay is home to several threatened marine mammal species
• Critics say permission to drill would be gift to Big Oil
• Supporters say region's economy needs a boost
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WASHINGTON (AP) -- President Bush is deciding whether to lift a ban on oil and gas drilling in federal waters off Alaska's Bristol Bay, home to endangered whales and sea lions and the world's largest sockeye salmon run.
Leasing in a portion of the area rich in oil and natural gas ended nearly two decades ago -- while Bush's father was president -- in the outcry after the Exxon Valdez oil spill in 1989.
http://www.cnn.com/2006/US/12/02/alaska.drilling.ap/index.html
 
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OhYeah!:)
12/04/2006 - Updated 10:45 AM ET
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Oil falls on potential for weak demand, over supplyOPEC president sees supply outpacing demand; natural gas extends slide
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell as much as 2% Monday, with traders concerned about the potential for U.S. supplies to outpace energy demand following recent data that showed economic growth in the nation may be slowing.
It could be a sign that "we may see a slowdown in [energy] demand," said Flynn, in e-mailed commentary.
http://markets.usatoday.com/custom/...S&guid={CE756130-3523-4BC9-B0C1-7095A2C02CB7}
 
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:confused: $63.09 a barrel at 07:03.
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Jan&cmonth=F&year=7&currPrev=C
Oil rises back toward $63

Markets weigh mild weather forecasts with doubts about OPEC's output cut talk next week.

December 5 2006: 6:17 AM EST


LONDON (Reuters) -- Oil prices climbed 0.5 percent back towards $63 a barrel on Tuesday as the market balanced prospects of a further OPEC cut against milder weather and high fuel stocks in the United States, the top energy consumer.
U.S. crude was up 55 cents at $62.99 a barrel, having dropped 99 cents on Monday. London's Brent crude was up 36 cents at $63.81.
"OPEC has signaled it will cut when it meets next week but I think the market is basically shrugging its shoulders," said Andrew Harrington, a resource analyst at ANZ.
"http://money.cnn.com/2006/12/05/markets/oil.reut/index.htm?postversion=2006120506
 
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