Oil Slick Stuff

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03/25/2011 - Updated 1:34 PM ET
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Oil inches lower as strong dollar trumps MideastData show upward revision in U.S. fourth-quarter GDP growth
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil futures traded lower Friday as investors continued to focus on political unrest in the Mideast, but a stronger dollar prevented any significant gains.
Crude oil for May delivery [CLK11] most recently retreated 55 cents, or 0.5%, to $105.04 a barrel on the New York Mercantile Exchange. http://markets.usatoday.com/custom/...-11E0-9FD2-00212804637C}&loc=interstitialskip
 
DRILL DRILL DRILL!!!!!:nuts:

Published: 10:54 AM 03/25/2011 | Updated: 3:46 PM 03/25/2011 ​
Yet that doesn’t seem to bother President Obama much. Earlier this month, he said that we can’t drill our way out of our energy problems. That is like suggesting you can’t medicate yourself out of an illness.
Opening up America’s vast domestic resources is literally the only realistic way to ease the pressure. It can lower prices at the pump, curb our reliance on foreign energy producers, and create new jobs right here on our soil. In short, it can do all the things that alternative energy claims to do but simply cannot despite billions of taxpayer dollars.​
Yet President Obama has blocked energy exploration at every turn. For his secretary of the interior, he chose former Colorado Senator Ken Salazar, a man who once said that he wouldn’t want more domestic oil production opened up even if gas prices hit $10 a gallon. Then, in the wake of last year’s Gulf oil spill, the administration imposed a moratorium on deepwater drilling — a freeze that is effectively still in place today.
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03/28/2011 - Updated 11:53 AM ET
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Crude slips as Libyan rebels capture oil towns Investors monitor unrest in the Middle East and North Africa
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell on Monday, as rebel forces in Libya captured key oil towns over the weekend and investors hoped the antigovernment advance would hasten the end of the conflict.
In addition, funds flowed into U.S. equities and out of some commodities, including oil, as stocks advanced.
Crude oil for May delivery [CLK11] slipped 77 cents, or 0.8%, to $104.62 a barrel on the New York Mercantile Exchange. http://markets.usatoday.com/custom/...-11E0-9F0E-00212804637C}&loc=interstitialskip
 
03/29/2011 - Updated 2:36 AM ET
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Oil futures retreat in electronic trading
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By Sarah Turner, MarketWatch

SYDNEY (MarketWatch) — Oil prices drifted lower on Tuesday, as signs that rebels were gaining ground in Libya raised hopes that supply will resume from the country.
Light sweet crude futures [CLK11] declined 16 cents to $103.82 a barrel in electronic trading on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...-11E0-9F0E-00212804637C}&loc=interstitialskip
 
03/29/2011 - Updated 10:00 AM ET
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Oil retreats as Libyan rebels set up sales
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By Claudia Assis, MarketWatch & Sarah Turner, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil prices drifted lower on Tuesday as rebels continued to gain ground in Libya and signaled efforts to resume pumping and exporting the country’s oil.
Light, sweet crude oil for May delivery [CLK11] declined 8 cents to $103.91 a barrel on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...S&guid={F2F90496-59BA-11E0-9F0E-00212804637C}
 
Speculation is driving the price of oil, supply and demand don't have a thing to do with these fluctuations.:suspicious:

03/29/2011 - Updated 12:16 PM ET
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Oil turns higher as lower prices lure investors
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By Claudia Assis, MarketWatch & Sarah Turner, MarketWatch

SAN FRANCISCO (MarketWatch) — Oil prices overcame a weak start to post gains Tuesday, as lower prices enticed buyers and as rebels in Libya signaled efforts to resume exporting the country’s oil.
Light, sweet crude oil for May delivery [CLK11] added 71 cents, or 0.7%, to $104.74 a barrel on the New York Mercantile Exchange. It had earlier traded as low as $102.70 a barrel.http://markets.usatoday.com/custom/...S&guid={F2F90496-59BA-11E0-9F0E-00212804637C}
 
Oil prices rise despite consumer worries

Oil price head higher as fighting in Middle East trumps drop in consumer confidence






Chris Kahn, AP Energy Writer, On Tuesday March 29, 2011, 12:43 pm EDT
NEW YORK (AP) -- Oil prices rose Tuesday as concerns about political upheaval in North Africa and the Middle East trumped economic data suggesting that consumers are worried about the cost of fuel and food.
Benchmark West Texas Intermediate crude for May delivery added 17 cents at $104.15 per barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude gained 44 cents at $115.02 per barrel on the ICE Futures Exchange.
http://finance.yahoo.com/news/Oil-p...html?x=0&sec=topStories&pos=main&asset=&ccode=
 
Yeah RIGHT!!! About 2 years late with this one, hang on to your checkbooks here comes more taxes!:nuts:

Obama to Detail U.S. Energy Security Strategy


Published March 30, 2011
| Associated Press

AP
March 29: President Obama] delivers remarks at a DNC fundraiser at the Studio Museum in Harlem in New York.

WASHINGTON -- Facing pressure to curb rising gas prices, President Obama is calling for the U.S. to reduce its oil imports by one-third over the next decade, a lofty goal likely to run into significant obstacles.
Senior administration officials say Obama will seek to reduce the U.S. dependence on foreign oil by boosting domestic energy production, offering incentives to increase the use of biofuels and natural gas, and making cars and trucks more fuel-efficient.
http://www.foxnews.com/politics/2011/03/30/obama-energy-security-strategy/
 
He doesn't really say how he's gonna do it...Maybe DRILL, DRILL, DRILL?...just a thought..:rolleyes:


Obama calls for deep cuts in U.S. oil imports
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"Today, I'm setting a new goal: one that is reasonable, achievable, and necessary," Obama said. "When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one-third."

http://www.reuters.com/article/2011/03/30/us-obama-energy-idUSTRE72S3C820110330
 
Buster said:
He doesn't really say how he's gonna do it...Maybe DRILL, DRILL, DRILL?...just a thought..:rolleyes:


Obama calls for deep cuts in U.S. oil imports​

"Today, I'm setting a new goal: one that is reasonable, achievable, and necessary," Obama said. "When I was elected to this office, America imported 11 million barrels of oil a day. By a little more than a decade from now, we will have cut that by one-third."

http://www.reuters.com/article/2011/03/30/us-obama-energy-idUSTRE72S3C820110330
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He will want to do it with Ethanol, electric cars, windmill cars and oil from recycled plastic bottles! :nuts:
 
03/30/2011 - Updated 11:13 AM ET
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Crude lower; supplies above expectationsVenezuela emerges as new focus of concern
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By Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude futures traded lower Wednesday, hit by a larger-than-expected U.S. inventories increase and as Venezuela emerged as another sticky point for the oil market.
Crude for May delivery [CLK11] declined 80 cents, or 0.8%, to trade at $103.98 a barrel on the New York Mercantile Exchange.
The Energy Information Administration reported inventories of crude rose 2.9 million barrels for the week.Analysts polled by Platts had expected an increase around 2.1 million barrels.
The EIA also reported gasoline inventories declined 2.7 million barrels, compared to expectations of a decline around 1.5 million barrels. Distillates stockpiles increased 700,000 barrels, against expectations of a decline of 1.4 million barrels.

Venezuela, a member of the Organization of the Petroleum Exporting Countries, reported a decline in production and a 16% decline in exports and announced it will use more natural gas and oil to its power stations to counteract power outages, according to media reports.
Venezuela is a top oil exporter, and most of its crude is exported to the U.S
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http://markets.usatoday.com/custom/...-11E0-9F0E-00212804637C}&loc=interstitialskip
 
nnuut said:
He will want to do it with Ethanol, electric cars, windmill cars and oil from recycled plastic bottles!
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Don't forget bikes...

Lemme' see, how long would it take for me to get to work...

22miles at 12 mph would be... 1 hour and 50 minutes... :worried:

Assuming I don't get run over by the time I get there. :blink:

Oh wait, I could walk... 6.5 hours one-way... :p

No, wait, I could walk away from my house and leave it to the bank to deal with. then I could rent a shack closer to work... but I digress :nuts:
 
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