Oil Slick Stuff

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sponsor said:
What do you think will be the reaction?
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That my friend is a good question. I don't know about today but if we get in the $40 to $50 dollar range, where it should be, inflation will drop, business will operate at lower expense levels, stocks should rise. Today I was hoping for a bounce, just have to wait and see, with OS markets tanking, it may hold us back. Of course it may tank our markets too.:confused: Yep, looks like a turn around to the down side! DARN IT!
 
nnuut said:
That my friend is a good question. I don't know about today but if we get in the $40 to $50 dollar range, where it should be, inflation will drop, business will operate at lower expense levels, stocks should rise. Today I was hoping for a bounce, just have to wait and see, with OS markets tanking, it may hold us back. Of course it may tank our markets too.:confused:
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Good point, in the long term it may really help the market overall. Short term it is having a negative impact……:notrust:
 
$54.39 a barrel at 11:40 -1.25 --- Do I hear $43?

Oil stays down after inventory report

Rising heating oil, gasoline supplies offset big drop in crude; Belarus says deal is reached in pipeline dispute.

By Steve Hargreaves, CNNMoney.com staff writer
January 10 2007: 11:35 AM EST


NEW YORK (CNNMoney.com) -- Oil prices remained lower Wednesday after the government said supplies of crude stocks sank, but distillates and gasoline inventories rose more than expected.
(more)
http://money.cnn.com/2007/01/10/markets/oil_eia/index.htm?postversion=2007011011
 
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Energy stocks may be selling off, but what do they do with the money? Buy stocks, not energy stocks of course!
Might be time to buy energy stocks? Not ME!:nuts:
 
A return to winter weather

6:00 a.m. ET 1/11/2007
Wayne Verno, Meteorologist, The Weather Channel

The weather is going to make reaching $50 very tough. The Weather Channel's headline this morning is above.
 
I agree. We are getting a rain/ice/snow event this weekend with much colder temps.

ATCJeff said:
A return to winter weather

6:00 a.m. ET 1/11/2007
Wayne Verno, Meteorologist, The Weather Channel

The weather is going to make reaching $50 very tough. The Weather Channel's headline this morning is above.
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Right! to get over that hump (or under?) we have to deal with OPEC. They really want too keep it in the Mid $60s, (if not were going to cut production on ya) we should do the same thing with grain! I really do think there is a good chance we will break the $50 level and it may be soon, if it will hold is another thing.:o
 
$53.39 a barrel at 08:56 -.63
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=Feb&cmonth=G&year=7&currPrev=C

01/11/2007 - Updated 8:11 AM ET
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Crude at fresh 19-month low on bearish supply data
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures fell to a fresh 19-month low early Thursday as traders continued to react to bearish supply data and the news that Russia has restarted pipeline flow to Belarus after resolving their energy dispute.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BC6D96026%2DDBB4%2D4EC3%2D8812%2DF6C5ADCA7D38%7D
 
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