Oil Slick Stuff

Sort by newest Sort by date
Minnow said:
I see OPEC moved up their meeting to October 24th. Whatsa matter guys, below $70 per barrel gonna keep you from christmas shopping this year?

Thought it was all about supply and demand :rolleyes:
Click to expand...
Prolly because the poor greedy bastards won't be able to build another winter wonderland in the middle of the desert or another world tallest building..anytime soon..:suspicious:
 
well... it used to be that Venezuela budgeted their economy on a fixed price of $60/bbl.....

until Chavez spent his socialist luxuries on "good will" instead of true infrastructure (I think their economy is now budgeted on $90/bbl oil)

i guess the winter wonderland and the world's tallest whatever are part of the infrastructure over there in sand land (but they can probably get by on $50/bbl)
 
Minnow said:
I see OPEC moved up their meeting to October 24th. Whatsa matter guys, below $70 per barrel gonna keep you from christmas shopping this year?

Thought it was all about supply and demand :rolleyes:
Click to expand...
They don't care about Christmas....They just want some bonus money after Ramadan!!!!
 
Last edited:
I just paid 4.53 for diesel and unleaded was @ 3.88, but i did hear one tesoro station was @ 3.68 somewhere in town down .20 today.
(Fairbanks AK)
 
Oil prices edge above $70

Crude prices step higher after tumbling to a 14-month low on fears that a global recession will kill demand.

October 17, 2008: 7:06 AM ET

Oil prices rose to around $71 a barrel Friday from a 14-month low as investors bet fears that a severe global recession will devastate crude demand may be overblown.

Oil has fallen by about half since reaching a record $147.27 on July 11.
"I think the market has been way oversold," said Gavin Wendt, head of mining and resources research at consultancy Fat Prophets in Sydney. "The sentiment has been dominated by fear and panic, and when people are scared, they just keep selling."
By midday in Europe, light, sweet crude for November delivery was up $1.03 to $70.88 a barrel in electronic trading on the New York Mercantile Exchange.
The contract dropped overnight $4.69 to settle at $69.85, the lowest settlement price since Aug. 23, 2007.[more]
http://money.cnn.com/2008/10/17/markets/oil_prices_ap.ap/index.htm?postversion=2008101707
 
So now Iraq is complaining about Oil being too cheap!! Guess they will join OPEC next? Someone needs to slap Assem Jihad (that's really a funny name:laugh:)!

Iraqi official: $100 a barrel is 'fair'

Oil ministry spokesman, Assem Jihad, says if crude prices continue to fluctuate, OPEC will cut production.

October 16, 2008: 10:08 AM ET

BAGHDAD (AP) -- An Iraqi official says Iraq believes that the $100 a barrel is a "fair and acceptable" oil price for both producers and consumers.

Oil Ministry spokesman Assem Jihad says that if crude prices continue to fluctuate, OPEC will cut its production.
Last Monday, Iraq's Oil Minister Hussain al-Shahristani told reporters in London that production of oil at its current levels could not be justified if demand slackened.
Oil for November delivery was trading around $73 per barrel on Thursday - far below a record $147 in July.
Current estimates put Iraq's proven oil reserves at 115 billion barrels. Its daily production stands near 2.4 million barrels a day.
http://money.cnn.com/2008/10/16/news/international/iraq_oil.ap/index.htm?postversion=2008101610
 
With oil prices and gas prices falling, I think the puppet masters are pulling the early 80s rope a dope, in order to pull alternative energy off the table.
It worked in the 80s, and Reagan bought into it, and yes all others who followed Reagan did basically nothing about advancing alternative energy research as well.
 
nnuut said:
So now Iraq is complaining about Oil being too cheap!! Guess they will join OPEC next? Someone needs to slap Assem Jihad (that's really a funny name:laugh:)!

Iraqi official: $100 a barrel is 'fair'

Oil ministry spokesman, Assem Jihad, says if crude prices continue to fluctuate, OPEC will cut production.
Click to expand...
I think Iraq is in OPEC. And if they want to be accomodated, we can let the dollar fall again, oil could go to $100 but they won't like the food prices/riots (did not take place in Iraq but some of their neighbors will have a problem), and the call for alternate fuels in the US will increase! Oh how quickly they forget...:rolleyes:
 
They are: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.:D
 
Sad Video. Its tough when that happens in a small town, when the drilling is over the town becomes a waste land, as the limited prosperity is non-sustainable after the gas barons “pull up stakes” (that’s as close to country I can get) and leave. I lived in a small town on L.I, in N.Y where my uncles used to line up Ballantine beer cans in the back yard and shoot them with anything from a M16 to a 22ca. That all stopped when the
2nd largest industrial parin the country opened. The difference between the two is we had to stop shooting guns, but the town prospered as the industrial base supported it. That was early 1970s. Lets "build baby build" and stop the driling.

In 1967 my middle school science teacher Mr. Demarco ran a photovoltaic model car around the school parking lot. It’s a disgrace that we have to beg “those that don’t like us very much for oil” when “Americans are the greatest workers in the world” for oil, when we have had the technology to be free 42 years ago but were sold out to the middle east.
Want to change the course America and put us on the path to oil independence, find out what party was in control when the budget for alternative energy was slashed in 1981 and vote for the other party. Some of the adviser back then are still advising today. Scarry but true. They are playing us like a fiddle
Sorry to have invaded the oil page. but the Video was very sad
 
JOVARN said:
Sad Video. Its tough when that happens in a small town, when the drilling is over the town becomes a waste land, as the limited prosperity is non-sustainable after the gas barons “pull up stakes” (that’s as close to country I can get) and leave. I lived in a small town on L.I, in N.Y where my uncles used to line up Ballantine beer cans in the back yard and shoot them with anything from a M16 to a 22ca. That all stopped when the
2nd largest industrial parin the country opened. The difference between the two is we had to stop shooting guns, but the town prospered as the industrial base supported it. That was early 1970s. Lets "build baby build" and stop the driling.

In 1967 my middle school science teacher Mr. Demarco ran a photovoltaic model car around the school parking lot. It’s a disgrace that we have to beg “those that don’t like us very much for oil” when “Americans are the greatest workers in the world” for oil, when we have had the technology to be free 42 years ago but were sold out to the middle east.
Want to change the course America and put us on the path to oil independence, find out what party was in control when the budget for alternative energy was slashed in 1981 and vote for the other party. Some of the adviser back then are still advising today. Scarry but true. They are playing us like a fiddle
Sorry to have invaded the oil page. but the Video was very sad
Click to expand...
What's even sadder..is the oil drilling technolgy and equipment OPEC nations are using came from the good ole US of A..This I Know for a fact, as a neighbor of mine works for a company that builds all the oil field valves and well heads..and 90% of their sales, goes to the Middle East.
 
You must log in or register to reply here.
Back
Top