Oil Slick Stuff

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Now, let's see how long drilling permits take to be approved?:nuts:

Feds Give Shell Deepwater Drilling Project Environmental Approval


Published March 22, 2011
| FoxNews.com


Apr. 21, 2010: The Deepwater Horizon oil rig is seen burning in the Gulf of Mexico.

NEW ORLEANS -- The Interior Department has approved its first post-BP spill environmental review for a deepwater exploration plan in the Gulf of Mexico.
http://www.foxnews.com/politics/201...ater-drilling-project-environmental-approval/
 
03/22/2011 - Updated 11:32 AM ET
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Crude gains 1% with Middle East in focus
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures overcame a weak start on Tuesday to rally more than 1% as traders keyed on developments in the Middle East amid fighting in Libya and more protests in Yemen and Syria.
Crude for April delivery [CLJ11] , the front-month contract expiring Tuesday, added $1.29, or 1.3%, to $103.62 a barrel on the New York Mercantile Exchange. It had earlier traded modestly lower.
http://markets.usatoday.com/custom/...-11E0-9FD2-00212804637C}&loc=interstitialskip
 
March 23, 2011, 7:58 a.m. EDT
Crude futures above $105; Mideast turmoil in focus

Traders monitor the conflict in oil-rich Libya


By V. Phani Kumar and Simon Kennedy, MarketWatch
LONDON (MarketWatch) — Crude futures moved higher into the $105-a-barrel range Wednesday, after the previous session’s strong gains as investors monitored turmoil in Libya and other parts of the Middle East.
Crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 105.34, +0.37, +0.35%) , the new front-month contract, rose 37 cents to $105.34 a barrel in electronic trading on Globex.
http://www.marketwatch.com/story/crude-tops-105-a-barrel-on-mideast-turmoil-2011-03-22
 
March 23, 2011, 10:42 a.m. EDT
EIA shows expected supply increase, oil holds gain
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures held to gains after the Energy Information Administration on Wednesday showed an increase for oil inventories within analyst expectations. Crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 105.50, +0.53, +0.51%) most recently gained 57 cents to $105.57 a barrel on the New York Mercantile Exchange.
http://www.marketwatch.com/story/eia-shows-expected-supply-increase-oil-holds-gain-2011-03-23
 
"The Last Thing Anybody Needs”: Crude Tops $105, Unlikely to Fall Anytime Soon

Posted Mar 23, 2011 10:30am EDT by Aaron Task Crude prices pushed above $105 per barrel early Wednesday after U.S. Admiral Samuel Locklear said additional strikes on forces loyal to Libyan dictator Muammar Gadhafi will be launched in the "coming hours and days."
The BBC reports coalition forces launched new air strikes near Misrata, a rebel-held city in western Libya while Gaddafi loyalists "resumed their pounding of Zintan," near the Tunisian border. (See: Gadhafi Will "Probably Survive": Oil Up as U.S.-Led Coalition Starts to Fray)
With political unrest and military conflict spreading across the Mid-East and North Africa, oil prices have already risen 15% this year, and $100 appears to be the new floor. http://finance.yahoo.com/tech-ticke...AH,OIH,^DJI&sec=topStories&pos=5&asset=&ccode=
 
03/23/2011 - Updated 3:24 PM ET
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Crude at best level since September 2008U.S. inventories rise in line with expectations
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By Claudia Assis, MarketWatch & Simon Kennedy, MarketWatch
S
AN FRANCISCO (MarketWatch) — Crude-oil futures pushed past $105 a barrel Wednesday, extending the previous session’s gains, as fighting in Libya and antigovernment protests in the Middle East kept the risk of a supply shortfall on the front burner.
Crude for May delivery [CLK11] , the new front-month contract, rose 78 cents, or 0.7%, to $105.75 a barrel on the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...-11E0-9FD2-00212804637C}&loc=interstitialskip
 
DAMNIT!:mad:
03/24/2011 - Updated 9:33 AM ET
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Crude oil tops $106 a barrel
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By Steve Gelsi, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures hovered near $106 a barrel Thursday after U.S. weekly jobless claims fell as expected and as conflicts in Libya and elsewhere in the oil-producing world simmered in the face of fresh European sovereign-debt woes.
Crude for May delivery [CLK11] rose 31 cents to $106.07 a barrel. U.S. Treasury prices and the dollar dipped, while U.S. equities opened higher. http://markets.usatoday.com/custom/...-11E0-9FD2-00212804637C}&loc=interstitialskip
 
I heard oil prices were going down because the US had more reserves than it had anticipated. This certainly doesn't look like it! :mad:
 
JP normally that would be true, but the speculators are having a field day making money on World Unrest and any other excuse they can use to make a buck. It's getting out of hand now, hold on!
 
Oil hovers around $106 per barrel

Oil trades around $106 per barrel latest data gives mixed read on economic recovery




Chris Kahn, AP Energy Writer, On Thursday March 24, 2011, 11:17 am EDT
NEW YORK (AP) -- Oil hovered around $106 per barrel Thursday after government reports gave a mixed read on the U.S. economic recovery.
The Commerce Department said companies trimmed orders for manufactured goods in February, suggesting that businesses are limiting their spending right now. More positive news came from the Labor Department, which said fewer people applied for unemployment benefits last week, evidence that employers could be expanding their work forces.
Benchmark crude prices fluctuated as traders digested the news. The contract for May delivery added 52 cents at $106.27 per barrel on the New York Mercantile Exchange. http://finance.yahoo.com/news/Oil-h...11.html?x=0&sec=topStories&pos=4&asset=&ccode=
 
03/25/2011 - Updated 8:50 AM ET
Oil trades flat as investors eye Mideast, GDP
Data show an upward revision in U.S. fourth-quarter GDP growth
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By Polya Lesova, MarketWatch & Sarah Turner, MarketWatch

LONDON (MarketWatch) — Oil futures were little changed Friday, trading above $105 a barrel, as investors digested an upward revision to U.S. growth and eyed political unrest in the Mideast.
Crude oil for May delivery [CLK11] gained 1 cent to $105.61 a barrel in electronic trading on the New York Mercantile Exchange. http://markets.usatoday.com/custom/...S&guid={24F00A4A-569A-11E0-9FD2-00212804637C}
 
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