Oil Slick Stuff

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I agree with Tech. They may not be saying it out loud and in public. The oil companies are all on the same page because if one profits, they all profit. A new version of the good ol boys club without the smoke filled room.
 
airlift said:
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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I think action should be taken, but an action that will encourage them to change their evil ways, PUT THE CROOKS IN JAIL!!:nuts:
 
I think that Gasoline inventories will probably come in lower today, how much I don't know, but you know what that means to prices.:suspicious: Results will be in at 10:30 EDT, I just can't wait!!:sick:
 
But this might require increasing big government to soften the law of the jungle and have a large enough staff to prosecute the evildoers. And, we don't want big government, do we, or maybe we really don't want unncessary government?:)

nnuut said:
I think action should be taken, but an action that will encourage them to change their evil ways, PUT THE CROOKS IN JAIL!!:nuts:
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vectorman said:
Time to fill up again, gas going up again this afternoon.:mad: What inflation???
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I think it would behoove one to express their opinion to their Congressman and insist that some action to be taken to break this monopoly....the every year price gouging has to stop......unless you like to pay high prices for fuel....:blink:

I sure would love to start an oil company and produce gas.....its so protected and supported, its obvious that you would become a millionaire many times over ....overnight.....
 
$62.00 +.11 at 10:34 Expect a raise shortly!:mad:

Here we go!!!!

View attachment 1557
Oil turns higher on big drop in gasoline

U.S. supplies drop by 5.5 million barrels ahead of busy summer driving season.

April 11 2007: 10:43 AM EDT


NEW YORK (CNNMoney.com) -- Oil prices rose Wednesday after the government reported a big drop in gasoline supplies.
U.S. light crude for May delivery gained 31 cents to 62.20 a barrel on the New York Mercantile Exchange. Oil had traded down 8 cents just prior to the report's release.
http://money.cnn.com/2007/04/11/markets/oil_eia/index.htm?postversion=2007041110
 
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$61.83 -.06 at 12:48:confused:

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C

Oil lower despite gasoline demand

U.S. gas supplies drop by 5.5 million barrels ahead of busy summer driving season; demand above normal.

By Steve Hargreaves, CNNMoney.com staff writer
April 11 2007: 12:51 PM EDT


NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday, after posting solid earlier gains, as the government reported a big drop in gasoline supplies along with a simultaneous rise in demand.
U.S. light crude for May delivery slipped 14 cents to $61.75 a barrel on the New York Mercantile Exchange. Oil traded as much as 66 cents higher just after the report's release.
http://money.cnn.com/2007/04/11/markets/oil_eia/index.htm?postversion=2007041112
 
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Released on April 11, 2007
(Next Release on April 18, 2007)

What Will it Take?
What will it take for the Chicago Cubs to win the World Series? What will it take for Sanjaya to be voted off American Idol? Unfortunately (or not) we don’t have a clue about the answers to either of these two questions. However, with the U.S. average retail price for regular gasoline now above $2.80 per gallon, some analysts and reporters have a new question on their minds -- : what level of prices would cause Americans to change their driving habits? Recent data suggest that average prices in the neighborhood of $3 per gallon might lead to such adjustments.

As the graph below indicates, the last two times the U.S. average retail price for regular gasoline approached and surpassed $3 per gallon (following Hurricane Katrina in 2005 and most of the summer in 2006), gasoline demand growth (the blue line in the chart below) did slow. Of course, there have been other times that gasoline demand growth has slowed.


http://tonto.eia.doe.gov/oog/info/twip/twip.asp
 
robo said:
Released on April 11, 2007
(Next Release on April 18, 2007)

What Will it Take?
What will it take for the Chicago Cubs to win the World Series? What will it take for Sanjaya to be voted off American Idol? Unfortunately (or not) we don’t have a clue about the answers to either of these two questions. However, with the U.S. average retail price for regular gasoline now above $2.80 per gallon, some analysts and reporters have a new question on their minds -- : what level of prices would cause Americans to change their driving habits? Recent data suggest that average prices in the neighborhood of $3 per gallon might lead to such adjustments.



http://tonto.eia.doe.gov/oog/info/twip/twip.asp
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I've got three cars. Mom drives the van. That leaves me with the 94 Nissan Maxima or 07 Ford F150. Guess which one I drive back and forth to work?
 
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$62.89 +.88 at 09:54 Getting SLICKER!!:mad:

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C

04/12/2007 - Updated 9:51 AM ET
Crude oil rises above $62 a barrel
1.gif
</IMG>By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rose early Thursday, drawing support from the greater-than-expected decline in gasoline supplies reported by the Energy Department Wednesday.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B7BB59ABE%2DA41C%2D41C7%2D8F83%2DC1D3D72D5975%7D
 
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