Oil Slick Stuff

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I'm thinking about trying to get in on a little bit of oil while it's in the dumps. Looking at IEO, as it seems to mirror the price of a barrel of crude oil. I guess there are other options out there - any thoughts? Just want to keep it simple. Thanks.
 
Sensei said:
I'm thinking about trying to get in on a little bit of oil while it's in the dumps. Looking at IEO, as it seems to mirror the price of a barrel of crude oil. I guess there are other options out there - any thoughts? Just want to keep it simple. Thanks.
Click to expand...
I don't think we are even close to a bottom, but what do I know?
 
EIA Petroleum Status Report
Economic Calendar - Bloomberg
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 11/5/2014 10:30:00 AM For wk10/31, 2014 [/TD]

[TD="class: actual_consensus_box_numbers"]2.1 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.5 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-1.2 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -1.4 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-5.3 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -0.7 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
 
Energy Seen Getting Biggest Boost From Republican Senate

by Reuters
|
Rodrigo Campos & Ryan Vlastelica
|
Wednesday, November 05, 2014

NEW YORK, Nov 5 (Reuters) - While the Republican Party won't assume its Senate majority until January, U.S. stock investors are already betting the new congressional makeup could lead to faster action on pipelines and trade agreements, sending energy shares higher on Wednesday. Wall Street rose broadly in its first session after midterm elections, but energy and medical device companies - two sectors that could see a more direct impact from legislative measures - had outsized moves.

RIGZONE - Energy Seen Getting Biggest Boost From Republican Senate
 
US Oil Production Continues To Rise

by Alex Mills
|
Texas Alliance of Energy Producers
|
Friday, November 07, 2014


This opinion piece presents the opinions of the author.
It does not necessarily reflect the views of Rigzone.
​
Crude production surpassed another milestone last week, reaching almost 9 million barrels per day (bpd), according to the Energy Information Administration, the numbers section of the Department of Energy.
The EIA’s monthly data shows production at 8.97 million bpd, the highest since 1986.
In Texas, crude oil production surpassed 3 million bpd, and the Texas Petro Index set another record last month.
US crude production continues to grow, U.S. inventories climbed by 2.06 million barrels to 379.7 million barrels last week, according to the EIA report.
Crude imports dropped 5% last week to 7.1 million bpd, down 4.8% from a year ago.
The surge in production has helped push oil prices down 20% this year.
- See more at: RIGZONE - US Oil Production Continues To Rise
 
I see late in the day that Oil dropped almost $4.00...Let's just see if the pump prices reflect that very soon...Should be worth a nickel at least.


We're still holding at $2.47
 
With oil at it's lowest since the 90's..gas should be nearer to $2.00/gal....But Noooooooooooooooo.:mad:

[TABLE="class: wsod_dataTable wsod_dataTableBig"]
[TR]
[TD="class: wsod_firstCol wsod_bold"]Light Crude
[/TD]
[TD="class: wsod_aRight"]74.80
[/TD]
[TD="class: wsod_aRight"] -3.08% today
[/TD]
[/TR]
[/TABLE]
 
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