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Oil Slick Stuff
- Thread starter nnuut
- Start date
RealMoneyIssues
Well-known member
I know that was YOUR point, I was curious what James' point was...
nnuut
Moderator | TSP Legend
I have a habit of disregarding Jame's opinions because he is a flaming liberal and agrees with everything that Obama does. You want the truth
I post the truth.
RealMoneyIssues
Well-known member
oh...
James48843
Well-known member
No, the point was....the futures market say the oil companies are going to make HUGE profits over the next few months, and it's almost a sure bet that IF you buy oil company stock today, there is a very, very high likelihood that, no matter what the rest of the stock market does, the oil companies will continue to move strongly higher. Buy oil company stock today- it's a sure bet.
James48843
Well-known member
Pump prices in other nations, from SEVEN YEARS AGO:
From: CNN/Money: Global gas prices
Pretty cheap in Venezuela. They have a policy there that oil companies only get a small amount of the profits- the majority of the profit goes to the people in the form of cheap gasoline, plus free health care for every citizen.
On the other hand, in the U.S.- the oil companies typically only give the government a fee per barrel for leased land, that can be pretty small- like a few dollars a barrel, out of that $107 price.
I think we could learn from some other nations that nationalized their oil drilling, and gave the money to their citizens.
From: CNN/Money: Global gas prices
Pretty cheap in Venezuela. They have a policy there that oil companies only get a small amount of the profits- the majority of the profit goes to the people in the form of cheap gasoline, plus free health care for every citizen.
On the other hand, in the U.S.- the oil companies typically only give the government a fee per barrel for leased land, that can be pretty small- like a few dollars a barrel, out of that $107 price.
I think we could learn from some other nations that nationalized their oil drilling, and gave the money to their citizens.
James48843
Well-known member
Today's gasoline pump prices in various nations, 2-23-2012
USA: $ 3.599 a gallon
United Kingdom: $ 8.14
Germany : $ 8.18
France: $ 7.93
Belgium: $ 8.49
Austria: $ 6.95
Italy: $ 9.07
Romania: $ 6.47
Venezuela: $ 0.20
Saudia Arabia: $ 1.13
USA: $ 3.599 a gallon
United Kingdom: $ 8.14
Germany : $ 8.18
France: $ 7.93
Belgium: $ 8.49
Austria: $ 6.95
Italy: $ 9.07
Romania: $ 6.47
Venezuela: $ 0.20
Saudia Arabia: $ 1.13
Buster
Well-known member
Minnow
Well-known member
Seriously? What happened? Your little circle jerk party over at Beltway Talk didn't teach you enough and now you come back on Tom's site with this crap? I like Nnuut's thread for the up to date info and the super links. We've all learned that we can't talk politics here. Why do you have to push it?
I'm with Nnuut here, I just basically disregard anything you say anymore because of the hidden flaming liberal agenda. Pity really. Didn't use to be that way.
RealMoneyIssues
Well-known member
Ok, this is from your favorite state, but conflicts with what you are saying. Which is right?
Estimated 2012 Gasoline Price Breakdown & Margins Details
nnuut
Moderator | TSP Legend
GOOD MORNING FOLKS!
Feb. 24, 2012, 8:28 a.m. EST
Crude races past $108 on Iran supply fears
By V. Phani Kumar and Clare Hutchison, MarketWatch
LONDON (MarketWatch) — Crude-oil futures gained further ground Friday, a day after setting nine-month closing highs amid ongoing worries over Iran.
Crude races past $108 on Iran supply fears - Futures Movers - MarketWatch
Feb. 24, 2012, 8:28 a.m. EST
Crude races past $108 on Iran supply fears
By V. Phani Kumar and Clare Hutchison, MarketWatch
LONDON (MarketWatch) — Crude-oil futures gained further ground Friday, a day after setting nine-month closing highs amid ongoing worries over Iran.
Crude races past $108 on Iran supply fears - Futures Movers - MarketWatch
nnuut
Moderator | TSP Legend
This isn't pretty! What you are looking at here is INFLATION, it will quickly effect the cost of commodities and empty your wallets.
Crude Oil - Electronic (NYMEX) Apr 2012, CLJ2 Future Quote - (NMN) CLJ2, Crude Oil - Electronic (NYMEX) Apr 2012 Future Price
Crude Oil - Electronic (NYMEX) Apr 2012, CLJ2 Future Quote - (NMN) CLJ2, Crude Oil - Electronic (NYMEX) Apr 2012 Future Price
nnuut
Moderator | TSP Legend
Feb. 24, 2012, 8:04 a.m. EST
[h=1]Dollar index extends weakness[/h]By William L. Watts and Sarah Turner, MarketWatch
FRANKFURT (MarketWatch) — The U.S. dollar edged lower versus most major rivals on Friday, while the euro extended gains as investors eyed next week’s second three-year long-term refinancing operation by the European Central Bank.
The ICE dollar index which measures the greenback against a basket of six currencies, traded at 78.525, down from 78.677 in late North American trading on Thursday.
The euro traded at $1.3412, up from $1.3367 in late trading Thursday and pushing above the $1.34 level for the first time since December.
Dollar slips, euro rises on LTRO hopes - Currencies - MarketWatch
[h=3][/h]
[h=1]Dollar index extends weakness[/h]By William L. Watts and Sarah Turner, MarketWatch
FRANKFURT (MarketWatch) — The U.S. dollar edged lower versus most major rivals on Friday, while the euro extended gains as investors eyed next week’s second three-year long-term refinancing operation by the European Central Bank.
The ICE dollar index which measures the greenback against a basket of six currencies, traded at 78.525, down from 78.677 in late North American trading on Thursday.
The euro traded at $1.3412, up from $1.3367 in late trading Thursday and pushing above the $1.34 level for the first time since December.
Dollar slips, euro rises on LTRO hopes - Currencies - MarketWatch
[h=3][/h]
nnuut
Moderator | TSP Legend
Notice that East Coast refineries are buying Brent Crude oil. This will drive the price of Gas in the USA higher in the near future. Why would they Buy Brent Crude?
Eight Reasons Gas Will Hit $5 This Year
Posted: February 24, 2012 at 6:45 am
Read more: Eight Reasons Gas Will Hit $5 This Year - 24/7 Wall St. Eight Reasons Gas Will Hit $5 This Year - 24/7 Wall St.
Eight Reasons Gas Will Hit $5 This Year
Posted: February 24, 2012 at 6:45 am
Read more: Eight Reasons Gas Will Hit $5 This Year - 24/7 Wall St. Eight Reasons Gas Will Hit $5 This Year - 24/7 Wall St.
Buster
Well-known member
Don't forget that this is the time of the year that the refineries are starting to boot up for the summer formulas and there are almost 100 different formulas to make for different states and regions of the country, for all grades of fuel. This adds greatly to the costs of the fuel.
Silverbird
Well-known member
Odd that the Brent cost is now the global standard. The North Sea may have oil reserves but it's not like it's the largest source. Also, it's considered a higher-risk venue for oil; there's a reason why the Germans say "Nordsee ist Mordsee." (The North Sea is the Sea of Death) - the weather patterns can be singularly nasty
nnuut
Moderator | TSP Legend
With no logical reason I take it was a political move?
RealMoneyIssues
Well-known member
Probably because they can base gas prices on Brent ($125) but buy WTI ($108) and bank the profits...
