Oil Slick Stuff

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03/17/2011 - Updated 9:23 AM ET
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Crude-oil futures briefly top $100
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By Deborah Levine, MarketWatch & Simon Kennedy, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures topped $100 a barrel Thursday, as stock markets rebounded following reports that measures to tame the crippled nuclear power plant in Japan made some progress and U.S. jobless claims fell by more than expected.
Light sweet crude for April delivery [CLJ11] rose as high as $100.67 a barrel after the morning round of U.S. economic data. It lately slipped back to$99.84 a barrel, up $1.84 on the day. http://markets.usatoday.com/custom/...S&guid={C4D6B706-506F-11E0-B1C8-00212804637C}
 
17 March 2011 Last updated at 11:11 ET
Oil price up on Mid East turmoil and Japan energy needs
Brent Crude Oil Futures $/barrel

Last Updated at 17 Mar 2011, 11:00 ET *Chart shows local time
chart

The oil price has rebounded as markets refocus on the Middle East, as well as Japan's energy needs.

Brent crude futures broke back above $113 a barrel, while US light, sweet crude reached $100 again.
With Libyan production already near zero, markets took fright at the turmoil in Bahrain and the risk it may spread to neighbouring Saudi Arabia.
Meanwhile, with much of Japan's nuclear power sector shut down, the country is set to increase energy imports. http://www.bbc.co.uk/news/business-12774106
 
03/17/2011 - Updated 12:58 PM ET
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Crude futures advance, top $100 a barrelNatural gas rallies after weekly U.S. drawdown steeper than forecast

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By Claudia Assis, MarketWatch & Deborah Levine, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures gained Thursday, holding above $100 a barrel as stock markets rebounded and investors worried that escalating conflict in Bahrain would dent oil supplies.
Light sweet crude for April delivery [CLJ11] rose $2.92, or 3%, to $100.89 a barrel on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...S&guid={C4D6B706-506F-11E0-B1C8-00212804637C}
 
Damnit!:mad:

Had to go fill up the cars today..couldn't wait for the pull back from the last few days of oil dips..gas stayed solid...

CONOCO; $3.55 for 89 octane and $3.65 for 91 Octane (pure gas)
 
03/18/2011 - Updated 2:36 AM ET
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Oil futures rise on Libyan no-fly zone order
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By Virginia Harrison, MarketWatch

SYDNEY (MarketWatch) — Crude oil futures jumped in electronic trading on Friday as the United Nations approved a no-fly zone over Libya, sparking fresh fears about the future of the war-torn nation.
Light, sweet crude for April delivery [CLJ11] rose $1.80, or 1.8%, to $103.22 a barrel in electronic trading on the New York Mercantile Exchange.
Crude oil has risen 13% since the start of the year. http://markets.usatoday.com/custom/...S&guid={BC4DA086-5119-11E0-B1C8-00212804637C}
 
Well Well oilplatform2.jpg why in the heck didn't they request these additional inspectors a year ago, this is NOT the real reason?:nuts:
Delaying tactics.:cool:

Faster Permitting Demands Larger Staff – Bromwich
by Jennifer A. Dlouhy
|
Houston Chronicle
|
Friday, March 18, 2011


Until the federal office that oversees offshore drilling gets more money for personnel, it won't be able to speed up a permit review process that the oil industry says is so slow it is costing jobs, the agency's director warned Thursday.

"Unless we get a lot more permitting personnel now, the rate necessarily has to slow down," Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement, said of approvals.

The Obama administration has asked for money to hire 41 additional permitting personnel -- almost double the existing staff -- and 116 additional offshore inspectors -- triple the current number.
Click to expand...
http://www.rigzone.com/news/article.asp?hpf=1&a_id=105258
 
nnuut said:
Well Well View attachment 10769 why in the heck didn't they request these additional inspectors a year ago, this is NOT the real reason?:nuts:
Delaying tactics.:cool:
Click to expand...

They did. They asked for the 41 additional staff in the budget in July, after the BP well blew out.
And they have 150 Deep Water Gulf Well Inspectors in the proposed 2011 Budget, an increase from the 50 inspectors they had before. That's all in the Obama 2011 budget proposal submitted to Congress. http://www.nola.com/business/index.ssf/2011/02/president_obamas_proposed_budg.html





Congress (Guess which party?) has held it up since then.
 
James48843 said:
They did. They asked for the 41 additional staff in the budget in July, after the BP well blew out.
And they have 150 Deep Water Gulf Well Inspectors in the proposed 2011 Budget, an increase from the 50 inspectors they had before. That's all in the Obama 2011 budget proposal submitted to Congress. http://www.nola.com/business/index.ssf/2011/02/president_obamas_proposed_budg.html





Congress (Guess which party?) has held it up since then.
Click to expand...
So you say that your man BHO was not holding up Drilling Premits, GET REAL! :nuts:
http://www.tsptalk.com/mb/showpost.php?p=306310&postcount=9300
http://www.tsptalk.com/mb/showpost.php?p=306251&postcount=9295
http://www.tsptalk.com/mb/showpost.php?p=304832&postcount=9246
http://www.tsptalk.com/mb/showpost.php?p=303624&postcount=9120
http://www.tsptalk.com/mb/showpost.php?p=299902&postcount=8958
Judge Holds Feds in Contempt in Texas-EPA Case

Posted by Chace Murphy News Thursday, February 3rd, 2011

NEW ORLEANS (AP) _ The federal judge who struck down the Obama administration’s moratorium on deepwater drilling after the Gulf oil spill is holding the Interior Department in contempt of court.
http://www.wtaw.com/2011/02/03/judge-holds-feds-in-contempt-in-texas-epa-case/

With Obama, Media Silent on High Gas Prices

December 14, 2010 by mayrant

Pain At The Pump, Where’s The Media?
by Ron Futrell - BIG JOURNALISM - 12/13/2010


EXCERPT:
Quote:
Of course, Obama’s reaction has been to close off-shore drilling and restrict more US land to drilling. The Bush actions of allowing more drilling and increasing US independence led to those low prices of 2008. Yes, policies in the White House can make a difference and are making a difference today to the rising prices.
Gas prices have nearly doubled under Barack Obama, meanwhile the media watches from the sidelines and complains without pointing out where this problem lies. Do you think they don’t know, or do you think they are protecting Dear Leader?
http://mayrantandrave.com/2010/12/14...gh-gas-prices/
 
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03/18/2011 - Updated 3:34 PM ET
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Oil settles lower as Libya cease-fire doubtedU.N. approves military force to protect Libyan civilians
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures settled modestly lower Friday as investors grew uncertain Libya’s government had indeed halted hostilities in the oil-rich, rebel-controlled east.
Earlier Friday, Libya’s foreign minister said the government had declared a cease-fire following the United Nations Security Council’s late Thursday vote. The U.N. authorized military action and a no-fly zone over Libya to protect civilians in the conflict-torn country.
Light, sweet crude for April delivery [CLJ11] declined 35 cents, or 0.4%, to $101.07 a barrel on the New York Mercantile Exchange. On the week, prices decreased 0.1%.http://markets.usatoday.com/custom/...S&guid={BC4DA086-5119-11E0-B1C8-00212804637C}
 
Oil jumps $2 as Libya crisis escalates

By Catherine Tymkiw, markets editorMarch 21, 2011: 6:57 AM ET

NEW YORK (CNNMoney) -- Oil prices surged more than $2 a barrel in electronic trading Monday after coalition forces launched an attack on Libyan military targets over the weekend.
The benchmark U.S. contract, West Texas Intermediate, gained $2.11 to $103.18 a barrel for April delivery. The more active May contract jumped $2.21 to $104.06 a barrel. http://money.cnn.com/2011/03/21/markets/oil_prices_Libya/index.htm
 
James48843 said:
They did. They asked for the 41 additional staff in the budget in July, after the BP well blew out.
And they have 150 Deep Water Gulf Well Inspectors in the proposed 2011 Budget, an increase from the 50 inspectors they had before. That's all in the Obama 2011 budget proposal submitted to Congress. http://www.nola.com/business/index.ssf/2011/02/president_obamas_proposed_budg.html





Congress (Guess which party?) has held it up since then.
Click to expand...

Oh Please! We all know its much bigger than that one issue. :sick:
 
Oil slips as U.S. says airstrikes slow Gadhafi

Click the chart for the current price of oil and other commodities. By Annalyn Censky, staff reporterMarch 22, 2011: 8:07 AM ET

NEW YORK (CNNMoney) -- Oil prices slipped Tuesday after the U.S. military said airstrikes on Libya have slowed Moammar Gadhafi.
Investors also welcomed a report claiming oil supplies in the region have not been disrupted outside of Libya so far.
http://money.cnn.com/2011/03/22/markets/oil_prices/index.htm?hpt=T2
 
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