Oil Slick Stuff

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$65.50 -.21 09:42:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C

05/01/2007 - Updated 8:24 AM ET
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Crude slightly lower ahead of weekly data
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By Ciara Linnane, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures were slightly lower early Tuesday, extending their prior-day decline ahead of the release of weekly data on supplies that's expected to show a modest build in crude stocks but further declines in gasoline supplies.
Crude for June delivery was crude is down 11 cents at $65.60 a barrel in early electronic trade. On Monday, the contract closed out the month of April with a loss of almost 3%, pressured by a lack of U.S. supply shortages and easing tensions between Iran and the West, which relieved some of the worry related to oil production from the Middle East.
http://markets.usatoday.com/custom/...S&guid={6082F1BD-489E-47A2-9E0A-8FF19EB5BA9A}
 
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$65.92 +.92 at 11:21:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C

Our Buddy!!!:suspicious:
Venezuela pulls control from Big Oil

President Hugo Chavez makes an attempt to reclaim resources by taking operational control of the Orinoco Belt.

May 1 2007: 10:53 AM EDT

PUERTO PIRITU, Venezuela (Reuters) -- President Hugo Chavez's government took over Venezuela's last remaining privately run oil fields Tuesday, intensifying a decisive struggle with Big Oil over one of the world's most lucrative deposits.
Oil Minister Rafael Ramirez declared that the oil fields had reverted to state control just after midnight. Television footage showed workers in hard hats raising the flags of Venezuela and the national oil company at a refinery and four drilling fields in the oil-rich Orinoco River basin. Chavez planned a more elaborate celebration Tuesday afternoon with red-clad oil workers, soldiers and a fly over by Russian-made fighter jets. (more)
http://money.cnn.com/2007/05/01/new...ezuela.nationalization.reut/index.htm?cnn=yes
 
They think that Crude Inventories will look better tomorrow, but I've seen them wrong before!:mad:

Oil slides on rising supply forecast

Analysts also are hopeful for books in refinery output ahead of summer driving season.

May 1 2007: 2:47 PM EDT


LONDON (Reuters) -- Oil fell more than 2 percent Tuesday on expectations of rising supplies and a rebound in refinery output ahead of summer driving season in the United States, the world's biggest market.
http://money.cnn.com/2007/05/01/markets/bc.markets.oil.reut/index.htm?postversion=2007050114
 
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Guess you'd have to add George W. to that list today. Everybody (including me) is yelling about the high price of fuel, but nobody wants to let em drill for more. Some of our old boys up in East Tennessee have raked the cobwebs off some old wells and started pumping again. Before, there wasn't enough oil to be profitable, but now, at today's price, they're back in business.

Administration Proposes New Energy Drilling
http://www.nytimes.com/2007/05/01/w...em&ex=1178164800&en=f13a788324dab162&ei=5087

nnuut said:
Settle at $64.40 today
THE BAD BOYS OF OIL!!! Guess who?:mad:
http://money.cnn.com/galleries/2007/news/0705/gallery.oil_bad_boys/index.html
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It all depends what you consider being BAD. Until we can come up with other sorces of energy we had better look for more OIL or our friend Hugo C and the boys will own US!!:suspicious:
 
http://biz.yahoo.com/ap/070501/gasoline_supply_snag.html?.v=5

AP
Iowa Refinery Snags May Raise Gas Prices
Tuesday May 1, 7:45 pm ET
By David Pitt, AP Business Writer Shortage of Fuel in Iowa Signals Nationwide Supply Tightness and Likelihood of Higher Prices

DES MOINES, Iowa (AP) -- Refinery snags that left two Iowa storage facilities short of fuel over the weekend are a reminder of how tight the U.S. gasoline market has become and why average prices could soon top $3 a gallon, experts said Tuesday.
 
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Aviator_Guy said:
It’s 3.33 per gallon out here in Los Angeles and that is considered a good price!
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California inflation was one of my reasons for leaving after my tour at Camp Pen. Bad thing was I traded it for Colorado inflation because all of the Californians were moving to Colorado. :rolleyes: I finally gave up and move back to my home state. Didn't know how to act when a long neck cost me a $1 and I was use to paying $3 to $5 a bottle.:nuts: O joy, heaven!
 
nnuut said:
It all depends what you consider being BAD. Until we can come up with other sorces of energy we had better look for more OIL or our friend Hugo C and the boys will own US!!:suspicious:
Click to expand...

Couldn't agree with you more. Hope you don't think I was slamming Bush, because I wasn't. He wants to drill, but the Libs/Dems hate him and always fight for the opposite of whatever he does. Hope Fred T runs and picks up the ball after he's gone.
http://www.issues2000.org/Fred_Thompson.htm


[Guess you'd have to add George W. to that list today. Everybody (including me) is yelling about the high price of fuel, but nobody wants to let em drill for more. Some of our old boys up in East Tennessee have raked the cobwebs off some old wells and started pumping again. Before, there wasn't enough oil to be profitable, but now, at today's price, they're back in business.]
Administration Proposes New Energy Drilling
http://www.nytimes.com/2007/05/01/wa...2& ei=5087%0A
 
I have always disliked Mr. Gore, I think it's his voice hate his voice, besides being a Flaming Liberal!:suspicious:
 
"Who invented the Internet" NAH!!!!!!! He has a talent for being wrong, but has funny eyebrows.:laugh:
 
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