Oil Slick Stuff

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$63.77 -.51 at 11:09:o

http://www.nymex.com/lsco_fut_condet.aspx

product=CL&month=May&cmonth=K&year=7&currPrev=C

Oil falls despite gasoline worries

Crude prices drop below $64 a barrel, extending declines after Iran released British sailors last week.

April 9 2007: 11:33 AM EDT


SYDNEY, Australia (Reuters) -- Oil fell below $64 a barrel Monday, extending a decline after Iran released 15 British sailors and marines last week, although concerns over the state of pre-summer U.S. gasoline supplies tempered selling.
U.S. crude fell 83 cents to $63.45 on the New York Mercantile Exchange, adding to Thursday's 10-cent drop after markets were closed Friday for a holiday. (more)
http://money.cnn.com/2007/04/09/markets/oil.reut/index.htm?postversion=2007040906
 
Oh Boy, that's where my money goes!!!!!!:mad: :mad: :mad: :nuts:

Occidental boss took home $400M in 2006

CEO nets one of biggest paychecks in corporate history; most from stock options accumulated over last decade.

April 9 2007: 10:22 AM EDT


CHICAGO (Reuters) -- Occidental Petroleum Corp.'s chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history.
(more of this)http://money.cnn.com/2007/04/09/news/newsmakers/occidental.reut/index.htm?cnn=yes
 
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nnuut said:
Settle at 61.51 -2.77 for the day.
Not a bad day!!:D
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Click to expand...
Yeah gas prices are outrageous....first gas jumps 100% over the last couple of years...driving up prices in an already high commodity price environment....then they drop 33% or so then in 2 months they jump about 35% ......why are we investing in the stock market...we should all just put our money in and out of the gas futures markets......35% in two months, thats........210% a year return.....what a laugh....and the gas station owners just look at you like you're stupid when your are buying gas.......and we are.....:nuts:
 
The_Technician said:
Yeah gas prices are outrageous....first gas jumps 100% over the last couple of years...driving up prices in an already high commodity price environment....then they drop 33% or so then in 2 months they jump about 35% ......why are we investing in the stock market...we should all just put our money in and out of the gas futures markets......35% in two months, thats........210% a year return.....what a laugh....and the gas station owners just look at you like you're stupid when your are buying gas.......and we are.....:nuts:
Click to expand...
Yes Tech it's the only game in town, just the way they like it! CROOKS!!

$61.84 +..33 at 07:45:o
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Oil rises after big decline

Resolution of Iran dispute eases fears that raised the price of oil in recent weeks, but tension in the region remains high.

April 10 2007: 5:54 AM EDT


LONDON (Reuters) -- Oil rose towards $62 on Tuesday after six straight days of losses, as market attention shifted to Iran's nuclear program and a likely drop in gasoline stockpiles in the U.S.
http://money.cnn.com/2007/04/10/markets/oil.reut/index.htm?postversion=2007041005
 
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nnuut said:
Yes Tech it's the only game in town, just the way they like it! CROOKS!!

$61.84 +..33 at 07:45:o
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Oil rises after big decline

Resolution of Iran dispute eases fears that raised the price of oil in recent weeks, but tension in the region remains high.

April 10 2007: 5:54 AM EDT


LONDON (Reuters) -- Oil rose towards $62 on Tuesday after six straight days of losses, as market attention shifted to Iran's nuclear program and a likely drop in gasoline stockpiles in the U.S.
Click to expand...
 
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Check out Gas Prices Nation Wide http://www.fuelgaugereport.com/index.asp

Cheaper gas seen in 2007:D

Government sees lower prices peaking sooner than last year; predicts national average high of $2.87 a gallon.

By Steve Hargreaves, CNNMoney.com staff writer
April 10 2007: 12:33 PM EDT


NEW YORK (CNNMoney.com) -- Gasoline prices are expected to peak earlier and about 11 cents lower this year compared to 2006, the government said Tuesday.
In its annual summer fuels outlook, the Energy Information Administration said nationwide average regular gasoline prices are expected to top out at $2.87 per gallon in May, compared with $2.98 per gallon seen last July.
http://money.cnn.com/2007/04/10/news/economy/eia_fuels/index.htm?postversion=2007041012
 
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nnuut said:
Still headed downward, I like the 62s don't you?
$62.76 a barrel at 12:44 -1.52:D :D
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
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No…its not a Chavez Nnuut…..he wants total control and bill the oil companies for it among other things that eliminate a free market..….I think a fair basic oil producer is needed, the free market has been eliminated by the special interest and Congress over the last 15 or so years...so free market isn't available...what we have here is a MONOPOLY...…..

Just yesterday, gas jumped 9 cents and for what reason, the reason they state doesn't justify it....it is nothing more that price gouging …..I wish the State govts would go for them on that point, its not any different than ice producers jacking prices up after hurricanes….like a gas producer can’t plan for this changeover of fuel formulation and store more gas for this period of the year…..any good CEO would do so just so they wouldn’t be called a cad….….…what a farst……if the price gouging doesn’t stop, it will continue and already has had drastic effects on our economy, your income, your neighbors, people will lose their homes and so forth so that some pin headed CEO can steal an outrageous income from others in the economy….

Figger out another way if possible…..free market isn't available in oil here in the US...
 
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$62.12 +.23 at 07:39:mad:

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Crude steady ahead of inventory report

Oil holds near $62 as market expects a drop in U.S. gas stocks ahead of busy summer months.

April 11 2007: 5:43 AM EDT


LONDON (Reuters) -- Oil prices hovered around $62 a barrel on Wednesday as the market waited for data expected to show a fall in U.S. gasoline stocks with demand growing into the busy summer months in the U.S., the world's top consumer.
Crude was up 8 cents at $61.97 in premarket trade, after a gain of 38 cents on Tuesday when the market stabilized after six straight days of falling. London Brent was up 35 cents at $67.77.(more)
http://money.cnn.com/2007/04/11/markets/oil.reut/index.htm?postversion=2007041105
 
The_Technician said:
No…its not a Chavez Nnuut…..he wants total control and bill the oil companies for it among other things that eliminate a free market..….I think a fair basic oil producer is needed, the free market has been eliminated by the special interest and Congress over the last 15 or so years...so free market isn't available...what we have here is a MONOPOLY...…..

Just yesterday, gas jumped 9 cents and for what reason, the reason they state doesn't justify it....it is nothing more that price gouging …..I wish the State govts would go for them on that point, its not any different than ice producers jacking prices up after hurricanes….like a gas producer can’t plan for this changeover of fuel formulation and store more gas for this period of the year…..any good CEO would do so just so they wouldn’t be called a cad….….…what a farst……if the price gouging doesn’t stop, it will continue and already has had drastic effects on our economy, your income, your neighbors, people will lose their homes and so forth so that some pin headed CEO can steal an outrageous income from others in the economy….

Figger out another way if possible…..free market isn't available in oil here in the US...
Click to expand...
Thanks for straightening me out Tech! Croooks every one of them. Gas here is bouncing up like Mexican Jumping Beans and I've had about enough. I'm lucky that I live 5 miles from work, but a fellow worker lives 45 miles from work and it's killing him.
Around here gas is running from $2.61 to $2.77 a gal for Regular Unleaded. Both of my cars are on empty so I have to make a donation today or walk!:mad: Still don't like Chavez, NO NO CITGO!!:mad: Try buying GAS in Europe, you think we have it bad!!!
http://www.Gasbuddy.com/
 
Tech's position makes sense. Business planning should take care of meeting seasonal demand, and there should be zero tolerance for price gouging. Our country is used to making sacrifices. But we should be spared from the effects of manageable and/or foreseeable destructive forces to our purse and to the economy. Efficient resource management could be part of the solution.
 
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