Oil Slick Stuff

Sort by newest Sort by date
You know the Gas is really expensive in CA! The other day I bought Gas in Las Vegas for $2.76, when I crossed the border into CA it was $3.57! Must be higher in the desert??:sick:
 
nnuut said:
You know the Gas is really expensive in CA! The other day I bought Gas in Las Vegas for $2.76, when I crossed the border into CA it was $3.57! Must be higher in the desert??:sick:
Click to expand...

The was a last chancer price...I'm in SO CAL, it is averaging about $3.05.:cool:
 
James48843 said:
Things are going to get ugly, fast. Pump prices jumped 15 cents a gallon in my area last night.

http://www.gasbuddy.com
Click to expand...
I knew it was going to catch up sooner or later, the price of oil and gas have been rising big time and the price of gas at the pump has been holding steady. I think Oil is really over priced and we should see a sharp drop soon.:blink:
 
Oil takes breather from record run

Crude prices retreat after breaking above $90 a barrel for first time ever; gas prices climb 2 cents.

By David Ellis, CNNMoney.com staff writer
October 19 2007: 3:14 PM EDT


NEW YORK (CNNMoney.com) -- Oil prices finished lower Friday after briefly touching an all-time high above $90 a barrel, while gasoline prices continued their week-long climb.
Light, sweet crude for the November contract settled 87 cents lower to $88.60 a barrel on the New York Mercantile Exchange after climbing as high as $90.07 a barrel earlier in the day in electronic trading.
http://money.cnn.com/2007/10/19/markets/oil/index.htm?postversion=2007101915
 
Last edited:
Good read, lots of great perspectives, do yourself a favor and check this one out!!:D

$90 oil won't kill the bull

The economy is more resilient than during past oil-price spikes. And there are some great stock values.

By Michael Sivy, Money Magazine editor at large
October 19 2007: 8:35 AM EDT

(Money Magazine) -- As the price of crude oil broke $90 a barrel for the first time, investors worried that stocks were headed for a major downturn. But the odds are high that the bull market will survive.
First, though, let's face up to the bad news. The current oil price is high enough to threaten the economy. During the oil crisis of the late 1970s and early 1980s, the price of a barrel of crude peaked at between $75 and $80 in today's dollars. So we're well past that now.
http://money.cnn.com/2007/10/19/pf/oil_bullmarket.moneymag/index.htm?postversion=2007101908
 
Last edited:
Gas prices edge up to $2.80 a gallon:(

Prices up a nickel in past two weeks according to national survey and are up 60 cents from the same time a year ago; more increases expected.

October 21 2007: 2:24 PM EDT

ATLANTA (CNN) -- Gas prices rose a nickel during the past two weeks, to an average of $2.80 per gallon of self-serve regular, a national survey said Sunday.
That's 60 cents more than prices at this time last year, but 38 cents below the all-time peak of $3.18 set on May 18, said Trilby Lundberg, publisher of the "Lundberg Survey."

Salt Lake City: $2.82 http://money.cnn.com/2007/10/21/news/economy/gasprices/index.htm?postversion=2007102114
 
Last edited:
Oil continues retreat from record:o

But analysts expect declines to be temporary, as weak dollar and low supplies drive prices.

October 22 2007: 5:56 AM EDT

SINGAPORE (AP) -- Oil prices dropped in Asian trading Monday, extending a retreat from last week's record above $90 a barrel, as investors sold to lock in profits before the contract expires later in the day.
Light, sweet crude for November delivery lost 99 cents to $87.61 a barrel in electronic trading on the New York Mercantile Exchange by late afternoon in Singapore.

http://money.cnn.com/2007/10/22/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007102205
 
Last edited:
AP
Oil Prices Slide on Profit-Taking
Monday October 22, 11:09 am ET
By John Wilen, AP Business Writer

Crude Falls on Profit-Taking, News of Possible Cease-Fire Between Turkey and Kurdish Rebels


NEW YORK (AP) -- Oil futures prices fell Monday amid concerns about economic growth and on profit-taking ahead of the November contract's expiration. News of a possible ceasefire between Turkey and Kurdish rebels in Iraq added to the selling.

http://biz.yahoo.com/ap/071022/oil_prices.html
 
Last edited:
Oil prices continue declines

Upcoming crude inventory report comes into focus, with analysts expecting a modest increase in stockpiles.

October 23 2007: 6:02 AM EDT

SINGAPORE (AP) -- Oil prices fell Tuesday amid expectations of rising U.S. crude inventories, but remained supported by a continuing build up of Turkish military forces along the northern Iraqi border.
Light, sweet crude for December delivery dropped 25 cents to $85.77 a barrel in Asian electronic trading on the New York Mercantile Exchange by midafternoon in Singapore. The contract fell 93 cents to settle at $86.02 a barrel Monday.

http://money.cnn.com/2007/10/23/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007102306
 
Last edited:
BP is lying!!! Cookin' the books etc!:nuts:

BP net income drops 29%

Lower margins, disruptions at refineries weigh on quarterly profit even as crude prices soar.

October 23 2007: 4:36 AM EDT


LONDON (AP) -- BP PLC, one of Europe's biggest oil companies, reported Tuesday that profit in the third quarter fell 29 percent compared to a year ago because of lower margins and interruptions of refining activity.
The company reported a net profit of $4.4 billion (€3.09 billion) in the three months ending Sept. 30, compared to $6.2 billion in the same period of 2006.

http://money.cnn.com/2007/10/23/news/international/bp_earnings.ap/index.htm?postversion=2007102304
 
Last edited:
Oil prices rise on Turkish troop buildup

Crude prices climb on fears that Turkish military action will hinder supplies from Iraq. Analysts predict modest inventory growth ahead of government report.

October 23 2007: 11:21 AM EDT

VIENNA, Austria (AP) -- Oil prices rose Tuesday, bolstered by concerns over a buildup of Turkish military forces along the northern Iraqi border.
Crude traders worry a Turkish incursion into Iraq would cut oil supplies from northern Iraq.

http://money.cnn.com/2007/10/23/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007102311
 
Last edited:
Oil falls near $85 a barrel:D

Most expect EIA report on crude stockpiles to show a gain in crude, gasoline inventories.

October 24 2007: 6:22 AM EDT

SINGAPORE (AP) -- Oil prices dropped further Wednesday ahead of the release of weekly U.S. fuel data expected to show crude stocks rose last week.
Light, sweet crude for December delivery fell 15 cents to $85.12 a barrel in Asian electronic trading on the New York Mercantile Exchange by late afternoon in Singapore. The contract fell 75 cents to settle at $85.27 a barrel Tuesday.

http://money.cnn.com/2007/10/24/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007102406
 
Last edited:
Wednesday, Oct. 24 2007 Energy Stocks Mixed On Earnings, Upcoming Inventory Data


NEW YORK -- Energy stocks were mixed in early action Wednesday ahead of an expected rise in fuel inventories and earnings reports from ConocoPhillips, Occidental Petroleum and National Oilwell Varco. The Amex Oil Index fell 0.1%. The Amex Natural Gas Index rose fractionally. Meanwhile, crude prices fell 29 cents to $84.98 a barrel as analysts look toward a 300,000 increase in crude oil stockpiles and a 1.1 million barrel rise in gasoline supplies. ConocoPhillips fell 99 cents to $82.23 after it posted lower third-quarter profit, as expected. National Oilwell Varco advanced $2.03 to $76.80 after doubling its third-quarter profit. Occidental Petroleum rose 14 cents to $66.89 as it booked a 13% increase in earnings. PetroChina fell 2% to $251.42 after it set a price range for its initial public offering in Shanghai. The oil giant will raise up to $8.91 billion in the deal.http://www.foxbusiness.com/markets/...rnings-upcoming-inventory-data_326401_11.html
 
OPPS!!:mad:

Oil surges after surprise inventory drop

Inventory report shows unexpected decline in crude, gasoline, and distillate supplies.

By Keisha Lamothe, CNNMoney.com staff writer
October 24 2007: 11:18 AM EDT

NEW YORK (CNNMoney.com) -- Oil prices rallied Wednesday after a government report showed an unexpected drop in inventories.
U.S. light crude for December delivery jumped $1.57 to $86.84 a barrel on the New York Mercantile Exchange. Oil traded down 22 cents to $85.05 just prior to the report's release.

Beware Big Oil stocks [more]http://money.cnn.com/2007/10/24/markets/oil_eia/index.htm?postversion=2007102411
 
Last edited:
Last Updated: Thursday, 25 October 2007, 10:06 GMT 11:06 UK
o.gif
dot_629.gif


Oil prices head back toward $90


Oil prices surged within touching distance of record highs after an unexpected fall in US crude stockpiles fanned winter supply fears.
US light sweet crude added $1.62 to $88.72, having earlier touched $89, and is now back within reach of the $90.07 peak that it hit last week.
Meanwhile, London Brent was up $1.59 at $85.96, having hit a record $86.28.
http://news.bbc.co.uk/2/hi/business/7061597.stm
 
Last edited:
Oh, No!:o

Oil hits new record over $90

Crude surges more than $3 after report says OPEC won't boost production and Middle East violence flares.

October 25 2007: 3:01 PM EDT

NEW YORK (CNNMoney.com) -- Oil prices hit a fresh record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.
U.S. crude for December delivery rose $3.50 to $90.60 a barrel on the New York Mercantile Exchange, surpassing the previous trading high of $90.07 a barrel set Oct. 19.
http://money.cnn.com/2007/10/25/markets/oil_record/index.htm?postversion=2007102515
 
Last edited:
Stocks down on oil

Major gauges remain mired in red as crude hits new record high; economic, earnings woes persist.

By Steve Hargreaves and Jessica Dickler, CNNMoney.com staff writers
October 25 2007: 3:00 PM EDT


NEW YORK (CNNMoney.com) -- Record high oil prices took a toll on stocks once again Thursday afternoon while a string of lackluster earnings reports and mixed economic news fueled investors' nervousness about the direction of the economy.
The 30-share Dow Jones industrial average (Charts) and the broader S&P 500 index (Charts) fell 0.3 percent.

Fortune's Global Forum in New Dehli, India, kicks off and some of the top business leaders in the world will be attending.

http://money.cnn.com/2007/10/25/markets/markets_0300/index.htm?postversion=2007102515
 
Last edited:
You must log in or register to reply here.
Back
Top