Oil Slick Stuff

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$63.74 +.11 at 14:11:mad:

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

The organization says crude supply is adequate, but it can boost output if necessary.

April 16 2007: 9:10 AM EDT


LONDON (Reuters) -- OPEC on Monday dismissed calls to pump more crude, saying supply was enough and demand for its oil this year would be less than previously forecast.
Oil consumers, as represented by the International Energy Agency (IEA), have been urging OPEC members to open the taps to refill inventories and lower prices. U.S. crude futures have jumped to $64 a barrel from below $50 in mid-January.
http://money.cnn.com/2007/04/16/markets/opec.reut/index.htm?postversion=2007041609
 
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Ya just never know which way the wind will blow?
Oil rises on pipeline, inventory worries:mad:

Crude prices gain as a crucial Canadian pipeline is shut after springing a leak.

April 17 2007: 6:30 AM EDT


SINGAPORE (Reuters) -- Oil gained Tuesday as a leak on a Canadian pipeline that pumps crude to the United States helped recoup deeper losses caused by news that a big Nigerian field was about to resume pumping after a year-long halt.
http://money.cnn.com/2007/04/17/markets/oil.reut/index.htm?postversion=2007041706
 
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Have you noticed that thar hasn't been any move in Congreeesss to regulate the oil industry.....at least attempt to regulate the oil/gas somewhat like the market, it would be a smart move because energy is such a necessary commodity....in the long run it would help regulate the economy on the whole......and yes, there are formidable problems, such as oil trading in $.....$ goes down in value....oil go up.......of course, there are those who want the oil and gas prices high..... but maybe they should have stopped trading the futures when they exceeded a certain yearly percentage increase........and then of course the spring/fall changeover of gasoline....hasn't anyone heard of extra storage for just that period....???

I did see that someone has found a way to store methane in a more compact space, its not easy to do since methane doesn't like to condense when pressured .......this has alot of renewable energy reprecussions.....have you ever made a digester before??? It's not hard to do.....

Will someone stop this oil train so we can get off!!!
 
The price of TRANSPORTATION is responsible for most of the inflation in the USA. Trucks, Trains, Ships, Airplanes carry commodies to consumers. Why do you think Food has gone up so much, the price of OIL!!!:mad: The price of gasoline is also effected by the transportation costs. LOL that's a fine how-do-you-do!:cool:
 
$62.81 -.29 at 08:19:D

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

Crude falls ahead of energy inventory report

U.S. crude shrugs off government data expected to show a drop in inventory.

April 18 2007: 5:41 AM EDT


SINGAPORE (Reuters) -- Oil fell on Wednesday ahead of U.S. government data expected to show gasoline inventories in the world's top consumer kept thinning in the run-up to peak summer demand.
Crude fell 59 cents to $62.51, after a 51-cent loss on Tuesday.
http://money.cnn.com/2007/04/18/markets/oil/index.htm?postversion=2007041805
 
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$62.89 -.21 at 10:42:D

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=May&cmonth=K&year=7&currPrev=C
Oil falls as refineries come back online

Higher refinery output puts pressure on gasoline prices; surprise drop in inventories provides support.

April 18 2007: 10:51 AM EDT


NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday after a government report said refinery output is increasing, putting downward pressure on gasoline prices in futures markets.
U.S. light crude for June delivery fell 39 cents to 64.07 a barrel on the New York Mercantile Exchange. Oil had traded down 5 cents just prior to the report's release. (more)
http://money.cnn.com/2007/04/18/markets/oil_eia/index.htm?postversion=2007041810
 
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