Oil Slick Stuff

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This is $XOI (not oil itself but oil the oil stock index)... Today looks to be an important day -- there has been a base established.

This index can sometimes be used to frontrun oil the commodity and sometimes it lags. Either way I will keep my eye on it.

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Paid $3.92 today after driving by stations at $3.94 and $4.07!!!! Not going down here in Maine! It was in the $3.70's last week...:suspicious:
 
Drill Baby Drill...no matter what!!

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Two Years After Deepwater Horizon: Offshore Industry Back in Action
Friday, April 20, 2012
At approximately 10 p.m. on April 20, 2010, an explosion rocked Transocean's Deepwater Horizon drilling rig resulting in the loss of 11 crew members and the sinking of the rig on April 22. Since that day, regulatory changes have charted a new path for offshore drilling, and exploration and production operations have increased in the Gulf of Mexico.
On the second anniversary of the Deepwater Horizon incident, Rigzone examines the progress made and how the offshore oil and gas industry has bounced back
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RIGZONE - Two Years After Deepwater Horizon: Offshore Industry Back in Action
 
Texas to Play Significant Role in Future U.S. Crude Oil Growth
by Karen Boman
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Rigzone Staff
Growing U.S. crude oil production has placed the nation within spitting distance of the world's largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela.
The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman.
"We've been blessed with abundant natural resources such as oil, natural gas, coal, uranium and wind," Smitherman told attendees at The Texas Tribune's Energy and the Environment Symposium, held at the University of Houston on April 13.
"Not only have we been blessed, we have maintained a fair and predictive regulatory climate that encourages companies to invest their money," said Smitherman. "New York state, California and various other U.S. states also have been blessed with natural resources, but they do not have the development we do because the regulatory climate has not been predictable, stable and encouraging of development."
RIGZONE - Texas to Play Significant Role in Future U.S. Crude Oil Growth
 
nnuut said:
Love Paella, dont you?
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Absolutely....Last time I ate it was when I was in Barcelona, many moons ago..and met a nice Spanish girl, that took me all over town site seeing, plus had me over for dinner with her family and her mom cooked Paella..Awesome, I'll never forget that night..and the Paella was great too..


Gas down summor to $3.43
 
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