Oil Slick Stuff

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As everyone knows, when Crude Oil price goes UP the price of Gasoline follows! What are you thinking?
 
Minnow said:
Norm, seriously man: Drive these vermin from your thread. They will not stop until they have consumed all the thread's precious resources. They are parasitic and will not stop until the host is dead. For the love of god and country Norm, drive the vermin out of your thread. You know I'm right.
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+1. There are still some who have to interject politics into every discussion. Sad for the rest of us. There's a reason why beltwaytalk is dying... Talking politics is a cancer to a forum.
 
FireWeatherMet said:
...November 2008 is when Dems got a super majority. So if I were partisan on this issue I could say "see, Dems got a super majority in November 2008 and thats why the price at the pump fell to new lows a few months later". But that would be false information.

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They did well in the election of Nov 2008. But they didn't take office until late January 2009. And it was March 2009 before the first bills made it all the way through Congress and to the President's desk for signature.

Buster has it easy at $3.19. that's all that Cushing, Oklahoma oil backed up that could be going overseas for export, if the pipeline gets built. Then Buster would be paying like $3.75 or $4 like the east and west coasts do.

I think the speculators will have had enough for a while, and oil will break and go back down below $100 a barrel now. It's due.

We'll see.
 
Feb. 27, 2012, 3:59 p.m. EST
Oil snaps seven-day winning streak

Profit-taking, higher dollar at play after last week’s steep gains
By Claudia Assis and Clare Hutchison, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude futures on Monday retreated from eight-month highs as fears grew that higher oil prices could derail the global economic recovery and after a meeting of finance ministers disappointed.
Crude-oil futures for April delivery settled $1.21 lower, or 1.1%, at $108.56 a barrel on the New York Mercantile Exchange. That ended a seven-session advance for oil futures.
Oil snaps seven-day winning streak - Futures Movers - MarketWatch
 
TransCanada to Reapply for Keystone XL Permit
by TransCanada Corp.
Press Release
Monday, February 27, 2012

TransCanada Corporation has sent a letter to the U.S. Department of State (DOS) informing the Department the company plans to file a Presidential Permit application (cross border permit) in the near future for the Keystone XL Project from the U.S./Canada border in Montana to Steele City, Nebraska. TransCanada would supplement that application with an alternative route in Nebraska as soon as that route is selected.
The company also informed the DOS that what had been the Cushing to U.S. Gulf Coast portion of the Keystone XL Project has its own independent value to the marketplace and will be constructed as a stand-alone Gulf Coast Project, not part of the Presidential Permit process. The approximate cost is $2.3 billion and subject to regulatory approvals, we anticipate the Gulf Coast Project to be in service in mid to late 2013.
"Our application will include the already reviewed route in Montana and South Dakota," said Russ Girling, TransCanada's president and chief executive officer. "The over three year environmental review for Keystone XL completed last summer was the most comprehensive process ever for a cross border pipeline. Based on that work, we would expect our cross border permit should be processed expeditiously and a decision made once a new route in Nebraska is determined."

RIGZONE - TransCanada to Reapply for Keystone XL Permit
 
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