Oil Slick Stuff

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I agree, I worked for the Navy on Sub reactors and spent many, many hours in the RC. I don't glow in the dark either. Nuc Power is safe if it's done right!!! If not-------------- View attachment 2364
 
I posted this in Palidin's Talk thread but thought it really needs to be here.
I agree with the commentary made by Lynn Westfall of Tesoro on fast money this afternoon. Oil prices are manipulated by big money for profits. Follow the link at the bottom of the page and watch the video, it convinced me!!:worried:

Who Wins From $90 Oil?
Posted By:Carlo Dellaverson
Topics:Stock Market | Stock Picks
Sectors:Oil and Gas
Companies:Tesoro Petroleum Corporation

tomorrows_playbook_3.standard.jpg
It seems like simple common sense: crude goes up, gasoline follows and oil stocks hit new highs. But not anymore. The chief economist at Tesoro (TSO) explains the cause-and-effect breakdown and whether it’s here to stay.
Lynn Westfall of Tesoro explained that, foremost, this is a “shoulder month” for oil, meaning we are caught between the high gasoline demand months of summer and the high heating oil demand months of winter. Shoulder months occur in the spring and fall and are not unexpected.

http://www.cnbc.com/id/21474044/site/14081545/
 
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I think that's high enough!!!:nuts:

Oil touches record above $92

Tension in the Middle East pushes the price of crude to a new trading high of $92.22 in Asia.

October 26 2007: 5:18 AM EDT

BANGKOK, Thailand (AP) -- Crude oil prices rose in Asia Friday - spiking above $92 a barrel at one point - on a rumbling of tensions in the Middle East and renewed concerns about oil supplies.
Lebanese troops fired on Israeli warplanes Thursday, and while a conflict between Israel and Lebanon would not directly affect oil supplies, traders worry any hostilities in the Middle East would draw in oil producers such as Saudi Arabia and Iran.

http://money.cnn.com/2007/10/26/markets/oil.ap/index.htm?postversion=2007102605
 
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This may jack the price of Oil up another notch?:mad:

Dollar falls to new low vs. euro

Greenback falls against most other global currencies on rate cut expectations.

October 26 2007: 6:36 AM EDT

FRANKFURT, Germany (AP) -- The dollar fell to another new low against the euro Friday in midmorning trading on speculation that U.S. interest rates will be cut again.
After rising to a record $1.4375, the euro slipped back to $1.4369, higher than the $1.4319 it bought in late Thursday trading in New York.

The euro last hit a record high against the dollar Monday, rising to $1.4348. [more] http://money.cnn.com/2007/10/26/markets/low_dollar.ap/index.htm?postversion=2007102606
 
This is GOOD NEWS, if you own Oil or Gas stocks, if not ?

Here comes $100 oil, and $3 gas

With crude setting new highs every day, experts say there no way motorists won't see a spike at the pump.

By Steve Hargreaves, CNNMoney.com staff writer
October 26 2007: 12:42 PM EDT

NEW YORK (CNNMoney.com) -- With oil prices setting records over $90 a barrel and $100 looking ever more likely, experts say there's a good chance drivers will see $3 gasoline before the end of the year.
"Three dollar gasoline in this market is unavoidable," said Stephen Schork, publisher of the industry newsletter the Schork Report. "At this rate, we're going to see $4 a gallon."
gas_price.ap.03.jpg
Experts say $90 oil will likely mean $3 gas soon.


http://money.cnn.com/2007/10/26/news/economy/gas_oil/index.htm?postversion=2007102612
 
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Crude up to $92.65 a barrel at 22:00 EDT on Sunday Trading, this is up from a settle of $91.86 Friday.:sick: Much higher and it's bound to effect the markets, how much more will it take?:confused: View attachment 2380
 
:mad:

Oil sets new record above $93

Decision by Mexico's Pemex to suspend a fifth of its oil production due to a storm pushes crude to a new intraday record.

October 29 2007: 5:49 AM EDT

SINGAPORE (AP) -- Oil prices rose above $93 a barrel to a new trading high in Asia Monday after Mexico's state oil company said it was suspending about a fifth of its oil production due to a storm.
Light, sweet crude for December delivery rose as much as $1.34 to $93.20 a barrel, a new intraday record, in early afternoon Asian electronic trading on the New York Mercantile Exchange. It later slipped back to $92.82 a barrel.
Here comes $100 oil, and $3 gas [more] http://money.cnn.com/2007/10/29/markets/bc.oilprices.ap/index.htm?postversion=2007102905
 
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Oil settled at $93.53 a barrel today, according to the below article a FED rate Cut can cause Oil Product's prices to spike. Along with this Wednesday at 10:30 EDT Oil inventories status is reported. Last weeks inventories surprised to the down side and have been a drag on the Markets. Sounds like a DOUBLE WAMMY!!
Norman :o

How a Fed rate cut raises oil prices

Expect even higher crude prices if the central bank cuts interest rates Wednesday.

By Steve Hargreaves, CNNMoney.com staff writer
October 29 2007: 1:42 PM EDT

NEW YORK (CNNMoney.com) -- If you think oil price are high now, wait till Wednesday.
That's when the Federal Reserve is set to announce its decision on interest rates. Most say a cut is coming.
oil_pump_silhouette.03.jpg

Oil prices seen rising if the Fed cuts interest rates.
Special Reportfull coverageHow a Fed rate cut raises oil prices

Wall Street banks on another rate cut [more] http://money.cnn.com/2007/10/29/markets/fed_oil/index.htm?cnn=yes
 
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Oil prices ease from record highs

Crude prices sink nearly a dollar after news hints that Mexico production shutdown is only temporary.

October 30 2007: 6:48 AM EDT

SINGAPORE (AP) -- Oil prices dropped from record highs Tuesday on the view that the disruption of a fifth of the oil production by Mexico's state oil company is only temporary.
Light, sweet crude for December delivery fell 76 cents to $92.77 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore.


http://money.cnn.com/2007/10/30/markets/bc.apfn.as.fin.mkt.oilp.ap/index.htm?postversion=2007103006
 
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Hey Nnuut,
Not sure, but this I just posted in your regular thread till I saw this - may be my first post to your thread (so be gentle please). Just kidding be a rough as you want.
See the price of OIL tonight? Last I saw (at about 1700) a barrel was $89.61 and falling, - NOT SPECTACULAR, BUT SOMETHING!
You have any idea might it continue?
Tomorrow?
Longer?
VR

PS I'm see Gold dropping now too - and silver selling down as well.
Like to hear from the long-time expert NNuut - is this start of a sell off in commodities in favor of equities??
 
Opinions, opinions, everybody has one, kind of like _______!

Oil: No longer a heavyweight

Higher efficiency, a more diverse energy mix and a more prosperous nation have softened rising oil's economic punch.

By Steve Hargreaves, CNNMoney.com staff writer
October 30 2007: 2:50 PM EDT

NEW YORK (CNNMoney.com) -- The days of rising oil prices alone threatening to knock out the economy may be over.
At more than $93 a barrel, oil prices are at or near all-time highs, even when adjusted for inflation.
energy_oil_drill.03.jpg
Thanks to higher efficiency, a more diverse energy mix and more money, $100 oil just doesn't matter as much in the new energy economy.
Recession risk rises with record oil
 
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Innovators in Technology

Oil shale may finally have its moment

In a dusty corner of northwestern Colorado, an energy of the future is beginning to look like the real thing. Can oil shale work? Fortune's Jon Birger reports.

By Jon Birger, Fortune senior writer
October 31 2007: 5:43 AM EDT

(Fortune Magazine) -- Touring a drilling site on a dusty mountain plateau above Rifle, Colo., Harold Vinegar stops, grins and then announces out of the blue, "I love that smell!"
No, the Royal Dutch Shell chief scientist is not referring to the crisp fragrance of the high desert air or the conifer scent wafting from the nearby stand of evergreens. Rather, it's the faint, asphalt-like aroma of oil shale - a sedimentary rock rich in kerogen, a fossil fuel that is now the focus of Shell's single biggest R&D investment.
black_gold.03.jpg
http://money.cnn.com/2007/10/30/magazines/fortune/Oil_from_stone.fortune/index.htm
 
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Here we go again!!:nuts:

Oil jumps over $2 as crude supplies drop

Unexpected decline comes despite fall in refining activity; gasoline, distillate supplies rise.

October 31 2007: 10:38 AM EDT

NEW YORK (CNNMoney.com) -- Oil prices jumped over $2 a barrel Wednesday after the government said supplies of crude oil fell unexpectedly despite a drop in refining activity.
U.S. light crude for December delivery rose $2.67 to $93.05 a barrel on the New York Mercantile Exchange. Oil had traded 85 cents higher just prior to the report's release.
http://money.cnn.com/2007/10/31/markets/oil_eia/index.htm?postversion=2007103110
 
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nnuut, do you plan to change your allocations as we get closer to 100? Since everyone expects oil to reach triple digits, I'm sure much of the impact will already be priced into the market, but I'm wondering if the emotional response may trigger something more.
 
I'd call that a little over 4%! Should have bought Oil Stocks!:mad:

Oil jumps $4 on Fed, supplies

Hits new record of over $94 dollars a barrel as crude stocks fall and interest rates decline.

By Steve Hargreaves, CNNMoney.com staff writer
October 31 2007: 4:47 PM EDT

NEW YORK (CNNMoney.com) -- Oil prices set a new record high Wednesday, jumping over $4 on an expected interest rate cut from the Federal Reserve and dwindling supplies in the United States.
The new math of oil [more] http://money.cnn.com/2007/10/31/markets/oil_eia/index.htm?postversion=2007103116
 
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It appears that THEY are determined to drive Oil to the $100 mark and above. It's just like draging sandpaper across my teeth. No Sir, I don't like it!! View attachment 2398
 
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:mad: Thanks Ben.

Oil hovers near new record around $96

Decline in stockpiles, Federal Reserve rate cut help push crude prices to another all-time trading high.

November 1 2007: 6:28 AM EDT

SINGAPORE (AP) -- The price of oil rose to a new record above $96 a barrel Thursday after a surprise drop in U.S. crude stockpiles raised concerns about supplies for coming winter demand. Other energy futures also gained.
It was the second week in a row the U.S. Energy Information Administration reported a sharp and unexpected drop in oil inventories.

http://money.cnn.com/2007/11/01/markets/oil.ap/index.htm?postversion=2007110106
 
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:mad: I don't blame the Fed as much as the Wall Street "lower rates or we'll tank" whines. There's no such thing as a free lunch -- well at least not one you want to eat. I hope Bennie and the Fed really mean to turn off the mike in front of the Financial Whiners, lest the Financial Whiners become The Dead Cat Bouncers.
 
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