Oil Slick Stuff

OK, you just keep your cyclone looking self out of the Gulf of Mexico!! :nuts: :nuts: :mad:
Where is DaveM when you need him?
Atlantic's first named storm forms early

POSTED: 12:26 p.m. EDT, May 9, 2007

Story Highlights

• Subtropical Storm Andrea forms off U.S. Southeast coast
• Atlantic hurricane season's official start three-plus weeks away
• First named storm has sustained winds near 45 mph
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(CNN) -- The National Weather Service on Wednesday named its first storm of the year, more than three weeks ahead of the official start of the Atlantic hurricane season.
http://www.cnn.com/2007/WEATHER/05/09/storm.andrea/index.html
 
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$61.82 +.27 at 07:16

http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C
Oil gains after big decline

Prices recover slightly from drop Wednesday after a report showed surprisingly high stockpiles of crude in the U.S.

May 10 2007: 6:19 AM EDT


SINGAPORE (Reuters) -- Oil prices edged up on Thursday, after falling the previous day on an unexpectedly high build in U.S. crude inventories.
Prices were supported by supply disruptions in Nigeria and the likelihood that OPEC will maintain its production cuts at its next meeting.
U.S. crude for June delivery gained 22 cents to $61.77 a barrel.
London Brent crude rose 37 cents to $65.57 a barrel, after a loss of 34 cents on Wednesday.
Government doesn't see gas hitting $4

4 gas-saving myths
http://money.cnn.com/2007/05/10/markets/oil.reut/index.htm?postversion=2007051006
 
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Let's make up are darn minds!!:mad:

05/10/2007 - Updated 9:44 AM ET
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Crude oil, gasoline futures rally on Nymex
By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures rallied Thursday, recovering from a 1.1% decline in the previous session, as traders reconsidered yesterday's data on U.S. gasoline supplies.
http://markets.usatoday.com/custom/...S&guid={311AF4EA-45D2-461B-B52C-07D173E873C7}
 
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$62.45 +.64 at 07:00:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C
Oil rises above $62

Supply disruptions in Africa add to concerns about inadequate gasoline stock levels in the United States.

May 11 2007: 6:26 AM EDT

LONDON (Reuters) -- Oil prices rose above $62 a barrel on Friday as renewed supply disruption from Africa compounded worries about inadequate gasoline stockpiles in the United States, just weeks ahead of peak summer driving season.
U.S. light crude rose 30 cents to $62.11.
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Iraq's oil minister insists the future is bright despite bloodshed, bickering and oil industry doubts. CNN's Hugh Riminton reports (May 5).Play video


Peru groups sue Occidental for oil operations
http://money.cnn.com/2007/05/11/markets/oil.reut/index.htm?postversion=2007051106
 
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Looks like we may run out of GAS? Thats the way they make it look in order to jack the price a notch or two. :sick:
$62.16 +.35 at 09:34:mad:
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=June&cmonth=M&year=7&currPrev=C
05/11/2007 - Updated 8:32 AM ET
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Crude oil rises after IEA raises supply concerns
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil and gasoline futures extended their gains Friday after the International Energy Agency expressed concern about the adequacy of current energy stocks.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BADACA2EF%2DF78B%2D4E7E%2D9791%2D481A7264520D%7D
 
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Hugo Chevez is a very dangerous man.:mad:

Conoco oil project slammed with huge tax bill

Venezuela's latest move to oil nationalization slaps the project with a tax claim of more than $465 million.

May 11 2007: 5:48 PM EDT

CARACAS (Reuters) -- Venezuela said Friday it had levied the largest tax bill in the nation's history on an oil project led by ConocoPhillips, the lone holdout in President Hugo Chavez's oil nationalization crusade.
The move comes only days after the nation's energy minister said Venezuela is in "conflict" with Conoco over its refusal to sign an accord recognizing the OPEC nation's takeover of four multibillion dollar Orinoco heavy crude projects on May 1.
Venezuela's Hugo Chavez is taking over control of one of the world's most lucrative oil deposits. CNN's Jim Boulden reports. (May 1)


http://money.cnn.com/2007/05/11/new...oco.tax.reut/index.htm?postversion=2007051117
 
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$62.57 +.20 at 12:52

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

Why a gasoline boycott won't work

The 'Don't pump gas on May 15' chain e-mail may be a natural response to record prices and profits, but experts say it'll do no good.

By Steve Hargreaves, CNNMoney.com staff writer
May 14 2007: 1:08 PM EDT


NEW YORK (CNNMoney.com) -- It's easy to hate Big Oil. Gasoline prices are at record highs, over $3 a gallon. Oil companies have so much cash they can't figure out where to spend it.
http://money.cnn.com/2007/05/14/news/economy/gas_boycott/index.htm?postversion=2007051413
 
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AP
Gas Prices Hit a New Record at the Pump:mad: :mad: :mad: :mad:
Monday May 14, 6:07 pm ET
By John Wilen, AP Business Writer Gas Prices at the Pump Exceed Post-Katrina Record, While Gas Futures Prices Slide
NEW YORK (AP) --

Gasoline prices hit a new record at the pump on Monday, but gas futures prices fell on concerns that $3 gas will crimp demand. Oil prices, meanwhile, rose on reports of refinery problems in the U.S. and abroad.
The average national price of a gallon of gas hit $3.073 on Monday, up almost a penny from Sunday's also record-setting price, according to AAA and the Oil Price Information Service. Gasoline is now well above the previous record of $3.057, set on Sept. 5, 2005, soon after Hurricane Katrina.
http://biz.yahoo.com/ap/070514/oil_prices.html?.v=10
 
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