Oil Slick Stuff

[nnuut]

OPEC sees flat oil market for 2012, thanks to developed countries' weak economies


OPEC sees flat oil market for 2012 - Yahoo! Finance

 

[nnuut]

Oil doesn't know what to do!:blink:
http://www.marketwatch.com/investing/future/crude oil - electronic

 

[nnuut]

Dollar breaks 80!
U.S. Dollar Index (DXY), DXY Index Quote - (NYE) DXY, U.S. Dollar Index (DXY) Index Price

 

[nnuut]

EURO Down!
[h=2]EUR/USD (EURUSD=X)[/h] -CCY

1.3113

0.0038(0.2900%) 11:41AM EST
EURUSD=X: Summary for EUR/USD- Yahoo! Finance

 

[nnuut]

CPAs study impact of eliminating oil and gas tax incentives

Read more: CPAs study impact of eliminating oil and gas tax incentives - Mywesttexas.com: Oil CPAs study impact of eliminating oil and gas tax incentives - Mywesttexas.com: Oil

 

[RealMoneyIssues]

USD up, markets up...

how does that work?

 

[nnuut]

Usually it's the other way around, but the markets liked the Trumped Up Jobs Numbers and for now they are winning. You need to look at the Euro, it's marginally lower as the dollar is up, normally when the EURO is down the Markets are down and if the Dollar is up Gold and Oil are down. It's a battle, what will win at the end of the day, my guess is we will have some selling because the weekend is coming, that could encourage others to jump to cash because of that and the stronger dollar.

 

[jkenjohnson]

Usually it's the other way around, but the markets liked the Trumped Up Jobs Numbers and for now they are winning. You need to look at the Euro, it's marginally lower as the dollar is up, normally when the EURO is down the Markets are down and if the Dollar is up Gold and Oil are down. It's a battle, what will win at the end of the day, my guess is we will have some selling because the weekend is coming, that could encourage others to jump to cash because of that and the stronger dollar.

Don't say that kind of stuff, you'll jinx the rally.

 

[nnuut]

Don't say that kind of stuff, you'll jinx the rally.

OPPS!

 

[jkenjohnson]

OPPS! View attachment 18079

If we get a selloff at the end of the day it's your fault. We can also blame Birchtree because we don't know if he is buying today and driving the market higher or not.

 

[RealMoneyIssues]

If we get a selloff at the end of the day it's your fault. We can also blame Birchtree because we don't know if he is buying today and driving the market higher or not.

He is... he is always buying, especially on an up day.

 

[jkenjohnson]

He is... he is always buying, especially on an up day.

I knew that. I just threw it in for fun.

 

[nnuut]

It's OK I'll take the blame, I'm a Big Boy now. You Guys are pickin' on me!

 

[nnuut]

Tillerson: Sound, Thoughtful Regulations Needed to Shape US O&G Future
by Karen Boman
Rigzone Staff

The U.S. and Canada are breaking new ground in the development of North America's unconventional and deepwater resources, the lessons from which will shape the global development of shale gas, tight oil, oil sands and ultra-deepwater, ExxonMobil Chairman and CEO Rex Tillerson told attendees at the CERAWeek conference in Houston on Friday.However, "sound and thoughtful" U.S. regulations are needed, not a regulatory process that adds layers of complexity that could derail the North American energy transformation.
RIGZONE - Tillerson: Sound, Thoughtful Regulations Needed to Shape US O&G Future

 

[nnuut]

1 gallon (gal) = 3.785411784 litres, $1 = 1.3114 Euro.

Cost of Gas in Europe per Litre:
List of Petrol & Diesel Prices In Ireland & The EU from AA Ireland

 

[RealMoneyIssues]

1 gallon (gal) = 3.785411784 litres, $1 = 1.3114 Euro.

Cost of Gas in Europe per Litre:
List of Petrol & Diesel Prices In Ireland & The EU from AA Ireland

[TABLE="class: grid, width: 800"]
[TR]
[TD][/TD]
[TD][/TD]
[TD="colspan: 2"]Local Currency per litre[/TD]
[TD="colspan: 2"]Euro price per litre[/TD]
[TD]Unleaded
[/TD]
[TD]Diesel[/TD]
[/TR]
[TR]
[TD]Country[/TD]
[TD]Currency[/TD]
[TD]Unleaded[/TD]
[TD]Diesel[/TD]
[TD]Unleaded[/TD]
[TD]Diesel[/TD]
[TD]$/gal[/TD]
[TD]$/gal[/TD]
[/TR]
[TR]
[TD]Austria[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.39[/TD]
[TD="align: right"]1.4[/TD]
[TD="align: right"]1.39[/TD]
[TD="align: right"]1.4[/TD]
[TD] $ 6.900[/TD]
[TD] $ 6.950[/TD]
[/TR]
[TR]
[TD]Belgium[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.67[/TD]
[TD="align: right"]1.5[/TD]
[TD="align: right"]1.67[/TD]
[TD="align: right"]1.5[/TD]
[TD] $ 8.290[/TD]
[TD] $ 7.446[/TD]
[/TR]
[TR]
[TD]Czech Republic[/TD]
[TD]Czech Koruna[/TD]
[TD="align: right"]36.1[/TD]
[TD="align: right"]36.9[/TD]
[TD="align: right"]1.44[/TD]
[TD="align: right"]1.47[/TD]
[TD] $ 7.148[/TD]
[TD] $ 7.297[/TD]
[/TR]
[TR]
[TD]Denmark[/TD]
[TD]Danish Krone[/TD]
[TD="align: right"]12.59[/TD]
[TD="align: right"]11.75[/TD]
[TD="align: right"]1.69[/TD]
[TD="align: right"]1.58[/TD]
[TD] $ 8.389[/TD]
[TD] $ 7.843[/TD]
[/TR]
[TR]
[TD]Estonia[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.29[/TD]
[TD="align: right"]1.36[/TD]
[TD="align: right"]1.29[/TD]
[TD="align: right"]1.36[/TD]
[TD] $ 6.404[/TD]
[TD] $ 6.751[/TD]
[/TR]
[TR]
[TD]Finland[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.6[/TD]
[TD="align: right"]1.55[/TD]
[TD="align: right"]1.6[/TD]
[TD="align: right"]1.55[/TD]
[TD] $ 7.943[/TD]
[TD] $ 7.694[/TD]
[/TR]
[TR]
[TD]France[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.59[/TD]
[TD="align: right"]1.49[/TD]
[TD="align: right"]1.59[/TD]
[TD="align: right"]1.49[/TD]
[TD] $ 7.893[/TD]
[TD] $ 7.397[/TD]
[/TR]
[TR]
[TD]GB[/TD]
[TD]Pence Sterling
[/TD]
[TD="align: right"]1.35[/TD]
[TD]1.42.8[/TD]
[TD="align: right"]1.59[/TD]
[TD="align: right"]1.68[/TD]
[TD] $ 7.893[/TD]
[TD] $ 8.340[/TD]
[/TR]
[TR]
[TD]Germany[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.54[/TD]
[TD="align: right"]1.44[/TD]
[TD="align: right"]1.54[/TD]
[TD="align: right"]1.44[/TD]
[TD] $ 7.645[/TD]
[TD] $ 7.148[/TD]
[/TR]
[TR]
[TD]Greece[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.72[/TD]
[TD="align: right"]1.58[/TD]
[TD="align: right"]1.72[/TD]
[TD="align: right"]1.58[/TD]
[TD] $ 8.538[/TD]
[TD] $ 7.843[/TD]
[/TR]
[TR]
[TD]Hungary[/TD]
[TD]Forint[/TD]
[TD="align: right"]423[/TD]
[TD="align: right"]436[/TD]
[TD="align: right"]1.47[/TD]
[TD="align: right"]1.51[/TD]
[TD] $ 7.297[/TD]
[TD] $ 7.496[/TD]
[/TR]
[TR]
[TD]Ireland[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.57[/TD]
[TD]1.54.4[/TD]
[TD="align: right"]1.57[/TD]
[TD="align: right"]1.544[/TD]
[TD] $ 7.794
[/TD]
[TD] $ 7.665[/TD]
[/TR]
[TR]
[TD]Italy[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.74[/TD]
[TD="align: right"]1.68[/TD]
[TD="align: right"]1.74[/TD]
[TD="align: right"]1.68[/TD]
[TD] $ 8.638[/TD]
[TD] $ 8.340[/TD]
[/TR]
[TR]
[TD]Latvia[/TD]
[TD]Lats[/TD]
[TD="align: right"]0.95[/TD]
[TD="align: right"]0.95[/TD]
[TD="align: right"]1.36[/TD]
[TD="align: right"]1.36[/TD]
[TD] $ 6.751[/TD]
[TD] $ 6.751[/TD]
[/TR]
[TR]
[TD]Lithuania[/TD]
[TD]Litas[/TD]
[TD="align: right"]4.74[/TD]
[TD="align: right"]4.6[/TD]
[TD="align: right"]1.37[/TD]
[TD="align: right"]1.33[/TD]
[TD] $ 6.801[/TD]
[TD] $ 6.602[/TD]
[/TR]
[TR]
[TD]Luxembourg[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.34[/TD]
[TD="align: right"]1.23[/TD]
[TD="align: right"]1.34[/TD]
[TD="align: right"]1.23[/TD]
[TD] $ 6.652[/TD]
[TD] $ 6.106[/TD]
[/TR]
[TR]
[TD]Malta[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.42[/TD]
[TD="align: right"]1.35[/TD]
[TD="align: right"]1.42[/TD]
[TD="align: right"]1.35[/TD]
[TD] $ 7.049[/TD]
[TD] $ 6.702[/TD]
[/TR]
[TR]
[TD]Netherlands[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.76[/TD]
[TD="align: right"]1.47[/TD]
[TD="align: right"]1.76[/TD]
[TD="align: right"]1.47[/TD]
[TD] $ 8.737[/TD]
[TD] $ 7.297[/TD]
[/TR]
[TR]
[TD]Northern Ireland[/TD]
[TD]Pence Sterling[/TD]
[TD]1.35.9[/TD]
[TD]1.43.5[/TD]
[TD="align: right"]1.6[/TD]
[TD="align: right"]1.69[/TD]
[TD] $ 7.943[/TD]
[TD] $ 8.389[/TD]
[/TR]
[TR]
[TD]Norway[/TD]
[TD]Norwegian Krone[/TD]
[TD="align: right"]14.6[/TD]
[TD="align: right"]14.25[/TD]
[TD="align: right"]1.95[/TD]
[TD="align: right"]1.91[/TD]
[TD] $ 9.680[/TD]
[TD] $ 9.482[/TD]
[/TR]
[TR]
[TD]Poland[/TD]
[TD]Zloty[/TD]
[TD]Â 5.59[/TD]
[TD="align: right"]5.79[/TD]
[TD="align: right"]1.34[/TD]
[TD="align: right"]1.38[/TD]
[TD] $ 6.652[/TD]
[TD] $ 6.851[/TD]
[/TR]
[TR]
[TD]Portugal[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.6[/TD]
[TD="align: right"]1.44[/TD]
[TD="align: right"]1.6[/TD]
[TD="align: right"]1.44[/TD]
[TD] $ 7.943[/TD]
[TD] $ 7.148[/TD]
[/TR]
[TR]
[TD]Slovakia[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.49[/TD]
[TD="align: right"]1.41[/TD]
[TD="align: right"]1.49[/TD]
[TD="align: right"]1.41[/TD]
[TD] $ 7.397[/TD]
[TD] $ 7.000[/TD]
[/TR]
[TR]
[TD]Slovenia[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.41[/TD]
[TD="align: right"]1.32[/TD]
[TD="align: right"]1.41[/TD]
[TD="align: right"]1.32[/TD]
[TD] $ 7.000[/TD]
[TD] $ 6.553[/TD]
[/TR]
[TR]
[TD]Spain[/TD]
[TD]Euro cent[/TD]
[TD="align: right"]1.37[/TD]
[TD="align: right"]1.33[/TD]
[TD="align: right"]1.37[/TD]
[TD="align: right"]1.33[/TD]
[TD] $ 6.801[/TD]
[TD] $ 6.602[/TD]
[/TR]
[TR]
[TD]Sweden[/TD]
[TD]Swedish Krona[/TD]
[TD]14.78Â[/TD]
[TD="align: right"]14.74[/TD]
[TD="align: right"]1.68[/TD]
[TD="align: right"]1.67[/TD]
[TD] $ 8.340[/TD]
[TD] $ 8.290[/TD]
[/TR]
[TR]
[TD]Switzerland[/TD]
[TD]Swiss Franc[/TD]
[TD]1.76Â[/TD]
[TD="align: right"]1.9[/TD]
[TD="align: right"]1.46[/TD]
[TD="align: right"]1.57[/TD]
[TD] $ 7.248[/TD]
[TD] $ 7.794[/TD]
[/TR]
[/TABLE]


Assuming I did it right...

 

[nnuut]

Excellent and easy to look at, GREAT JOB!!
Notice that in most of Europe Diesel is cheaper than unleaded, it use to be that's way here which is great for commodity prices, wonder why it changed?

 

[James48843]

Notice that in most of Europe Diesel is cheaper than unleaded, it use to be that's way here which is great for commodity prices, wonder why it changed?

A couple of reasons. First and foremost, diesel is now higher because demand for diesel fuel has grown. Europeans now use about half of their cars as diesels, and a significant part of Asia's markets are now demanding more and more diesel fuel.

Secondly, the U.S. diesel is now required to be lower sulfur content since 2010- meaning that American diesel fuel for use on the road has to be cleaner than the similar content fuels of fuel oil or kerosene.

Take a look at this article, which explains diesel pricing in depth. It's a few years old, but still applies.
FactCheck.org : Diesel Fuel and Gasoline Costs

 

[nnuut]

Actually I've read bunch on the subject and wanted some other opinions. One thing I really don't understand is why if demand is higher world wide their diesel is cheaper than their unleaded? Well they pay less tax on diesel than gas but I know that Europe taxes the hell out of oil and gas, that's one reason they pay more is Brent Crude is around $15 to $20 dollars more than West Texas light crude, but in Europe they get a great percentage of their Oil from other sources, like Iran, Turkey and Russia. How about taxes, here Feds get $.18 a gallon for Unleaded and over $.24 a gallon for diesel due to road usage and I can understand that. The price of diesel here really hurts the possibility of the diesel fueled autos becoming the majority in the USA, and drives up the price of every commodity that is shipped.

 

[nasa1974]

Gas is now getting NUTS!! $3.89/gallon. It was $3.64 this morning. $4.00/gallon before Easter.