Oil Slick Stuff

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$65.01 -.01 at 11:07:mad:


Oil slides below $65 as Iran tensions ease

Prices fall amid easing dispute over Iran's nuclear program with the European Union nearing unity in some areas of their talks.

April 27 2007: 8:15 AM EDT


LONDON (Reuters) -- Oil slipped below $65 a barrel Friday as tightening gasoline stocks in top consumer the United States offset easing tension over Iran's disputed nuclear program.
U.S. crude fell 14 cents to $64.92 a barrel in electronic trading. London Brent crude, currently seen as more representative of global oil prices, was off 3 cents at $67.62 after falling 92 cents on Thursday. (more)
http://money.cnn.com/2007/04/27/markets/oil.reut/index.htm?postversion=2007042708
 
Nnuut... You've got it going the right way again, keep pushing it lower and maybe we won't see the $4 a gallon as predicted for this summer. It's bad enough as it is for those of us who have to drive a good distance to/from work everyday.
 
I keep trying as hard as I can to talk the price of oil down, sometimes it listens other times it doesn't. I'll keep on its A** and see how I can do!!:nuts: :nuts: :nuts: :nuts:
 
$65.90 +.84 at 12:25:mad: Ok now! that's a little too high turn your butt around and get back down to about $61 where you should be!!!:nuts: :nuts:

The 'little white lies' about oil inventories

Price movements following the government's weekly inventory report used to be fairly predictable. No more.

By Steve Hargreaves, CNNMoney.com staff writer
April 27 2007: 12:12 PM EDT

NEW YORK (CNNMoney.com) -- Reading the government's weekly report on oil inventories used to be pretty simple. If inventories rose, prices fell. If stockpiles fell, prices rose.
Econ 101. Supply and demand.

That's no longer the case.
What's behind the red-hot uranium boom
http://money.cnn.com/2007/04/27/markets/eia_reaction/index.htm?postversion=2007042712
 
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nnuut said:
$65.90 +.84 at 12:25:mad: Ok now! that's a little too high turn your butt around and get back down to about $61 where you should be!!!:nuts: :nuts:

The 'little white lies' about oil inventories

Price movements following the government's weekly inventory report used to be fairly predictable. No more.

By Steve Hargreaves, CNNMoney.com staff writer
April 27 2007: 12:12 PM EDT

NEW YORK (CNNMoney.com) -- Reading the government's weekly report on oil inventories used to be pretty simple. If inventories rose, prices fell. If stockpiles fell, prices rose.
Econ 101. Supply and demand.

That's no longer the case.
What's behind the red-hot uranium boom
Click to expand...
 
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$61.00 thats just a start, you don't want to give them a heart attack. I really like in the mid $40s.:D :D :rolleyes:
 
http://biz.yahoo.com/cnnm/070426/042607_gas_prices.html?.v=3&.pf=loans

Up, up and ...
Retail gas prices have been climbing steadily as one refinery outage after another crimped production and U.S. drivers consumed ever more in spite of rising prices.
By early this week, retail prices had risen 32 percent since the start of the year, according to the Lundberg Survey.
And the Energy Information Administration said Wednesday that gasoline supplies, which have fallen 13 percent since early February, were "well below the lower end of the average range."
 
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Any little disturbance in the flow of Oil anywhere, will be cause for some very slick happenings with all this. We live in a very Volatile World and I don't see it getting better with all that either.
 
Throwing another log on the fire!!:mad:

Oil jumps after terror plot exposed

Saudis arrest 172 people, including pilot trainees, allegedly plotting attacks on oil facilities, other targets.

April 27 2007: 3:56 PM EDT

NEW YORK (Reuters) -- Oil prices rose Friday after Saudi Arabia said it foiled an Al-Qaeda-linked plot to attack the kingdom's oil facilities, rekindling concerns over the vulnerability of world energy supplies.
The news came against the backdrop of expectations that the United States will face a gasoline-inventory crunch when drivers hit the roads this summer vacation season after a slew of refinery outages slashed stockpiles.

U.S. crude for June delivery settled up $1.40 to $66.46 a barrel on the New York Mercantile Exchange.
Exxon does it again
(more)
http://money.cnn.com/2007/04/27/markets/oil.reut/index.htm?postversion=2007042715
 
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Hugo's done it again! I'm like'n those Canadian tar sands more and more.

"O Canada! Our home and native land!" :D

http://www.msnbc.msn.com/id/18384282/

CARACAS, Venezuela - Forcing Big Oil to give up control of Venezuela's most promising oil fields this week will be relatively easy for President Hugo Chavez, but he will face a more delicate challenge in getting the world's top oil companies to stay and keep investing.
If Chavez can persuade companies to stick around despite tougher terms, Venezuela will be on track to develop the planet's largest known oil deposit, possibly to surpass Saudi Arabia as the nation with the most reserves.
If he scares them away, the Orinoco River region could end up starved of the investment and know-how needed to transform its vast tar deposits into marketable crude oil.
 
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