Oil Slick Stuff

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buster said:
at least i understand now..
And budnippler..i'm still gonna constantly complain
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budnipper1 said:
that's ok with me "bluster", but i wish you would learn how to spell while you're whining.:d
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buster said:
budnippler...you mean to say you never misspelled a word because of your girlyman hands?.. Quit your whining about something that is not even relevant..this ain't an english/grammer forum for crying out loud:rolleyes:
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buster said:
bud..course you know we are just having fun..no harm or foul intened..;)(fx: Slaps him on the shoulder)
damn gas went up .02 again last night...:mad:
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Of course! And your misspelling of "intended" was intended, right?
Or was that only a typo because the long, curly hairs
on your large, manly hands became entangled in your keyboard? :cheesy:

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LMHAO...
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Oil slips below $35

Crude prices end lower Wednesday morning as recession weighs on demand and inventories are set to continue rising.

Last Updated: February 18, 2009: 3:53 PM ET

NEW YORK (Reuters) -- Oil prices fell nearly 1% to below $35 a barrel Wednesday as dealers bet that slumping fuel demand in top consumer the United States has forced crude inventories to an 11-year high.
U.S. crude for March delivery slipped 31 cents to settle at $34.62 a barrel, while U.S. crude for April delivery fell $1.13 to $37.41 and London Brent for April delivery fell $1.48 to $39.55.
The losses came as dealers anticipated a report from the American Petroleum Institute to be released Wednesday afternoon would show crude stockpiles in the United States rose last week by 3 million barrels to the highest since May 1998.[more]
http://money.cnn.com/2009/02/18/markets/oil.reut/index.htm?postversion=2009021815
 
AP
Oil above $35 amid grim economic news
Thursday February 19, 9:06 am ET
By Jake Neubacher, Associated Press Writer Oil rises above $35 as slide in dollar offsets grim US economic news
VIENNA (AP) -- Markets shrugged off a steady barrage of grim U.S. economic news to push oil prices above $35 a barrel Thursday, with a drop in the dollar encouraging investors to buy crude.
A report by the Fed predicting a sharper economic contraction and raising forecasts for unemployment was offset by a 1.1 percent drop in the dollar against the euro, to $1.2667. Oil tends to rise when the dollar drops as investors use the commodity as a hedge against inflation.
Light, sweet crude for March delivery jumped by $1.23 to $35.85 a barrel by midafternoon in Europe on the New York Mercantile Exchange. The contract on Wednesday fell 31 cents to settle at $34.62.
The March contract expires on Friday, and traders switched their focus to the April contract, which rose 62 cents to $38.03.
Besides the boost oil prices received from the drop in the dollar, the economic news was gloomy.
The Federal Reserve on Wednesday confirmed what many investors already suspected -- that the U.S. economy has significantly deteriorated in the last few months.
The Fed said it expects the economy will contract between 0.5 and 1.3 percent this year. Its previous forecast from November had a 0.2 percent contraction as the worst case scenario. The Fed also said the unemployment rate will likely rise to between 8.5 and 8.8 percent this year, higher than its previous forecast of between 7.1 and 7.6 percent [more]
http://biz.yahoo.com/ap/090219/oil_prices.html
 
Oil rallies after drop in crude supply

Government data show surprise decline after weeks of inventory build. Gasoline stockpile increases.

By Ben Rooney, CNNMoney.com staff writer
February 19, 2009: 11:09 AM ET

NEW YORK (CNNMoney.com) -- Oil prices rose Thursday after the government reported that the nation's supplies of crude shrank slightly last week after growing for several weeks.
Light, sweet crude for March delivery was rose $2.23 to $36.85 a barrel in New York. Oil traded up 91 cents just before the report came out.
In its weekly inventory report, the Energy Information Administration said the nation's supplies of crude oil fell 200,000 barrels in the week ended Feb. 13.
Analysts were expecting oil supplies to have grown by 3.5 million barrels, according to a survey by research firm Platts.
Gasoline supplies grew 1.1 million barrels, while supplies of distillates - used to make heating oil and diesel fuel - declined 200,000 barrels last week.[more]
http://money.cnn.com/2009/02/19/markets/oil/index.htm?postversion=2009021911
 
02/19/2009 - Updated 3:05 PM ET
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Oil jumps 14% as inventories show surprise decline
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures jumped 14% Thursday to end near $40 a barrel, marking the biggest one-day gain since the end of last year, after U.S. inventories showed a surprise decline last week as consumption started picking up.[more]
http://markets.usatoday.com/custom/...S&guid={1F40CEDB-EBB9-4192-B2C1-E38BDCFD4427}
 
Oh, it will catch up, you know it goes up faster than it goes down which is directly against the force of gravity.:confused:
 
Pretty big drop in RBOB gas today... and for the week... guess I will hold off on buying the hurricane gas ...
 
Minnow said:
Pretty big drop in RBOB gas today... and for the week... guess I will hold off on buying the hurricane gas ...
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Spoke too soon... It's either my fault or perhaps the dollar had something to do with this "sudden jump."
 
Minnow said:
Pretty big drop in RBOB gas today... and for the week... guess I will hold off on buying the hurricane gas ...
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They owed us a big drop to make up for the uncalled for rise in Gas over the last 2 weeks!:o
 
Yeah, this is all we need!!:sick:

BP Shuts in Production at Alaska's Biggest Oil Field
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Xinhua News Agency Friday, February 20, 2009

A pipeline has been shut down at Prudhoe Bay, the biggest oil field in U.S. state of Alaska, after a spill of oil, natural gas and water were discovered, local newspaper reported on Friday.

BP Exploration (Alaska) Inc., which runs Prudhoe Bay, reported the spill Wednesday afternoon, Alaska's Anchorage Daily News said.

According to the newspaper, the leaking stopped that day and the pipeline has been shut down to be emptied and repaired.

Related Pictures
Prudhoe Bay Pipeline, Alaska
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Alaska's Department of Environmental Conservation confirmed that 11 wells were shut down temporarily because of the incident, affecting 1,300 to 1,400 barrels of oil production a day.

BP is working on rerouting production from the wells so they can be restarted.

It was reported that production at Prudhoe Bay averaged more than 390,000 barrels a day. The oil field has had a series of spills in recent years that have led to heightened oversight by state and federal regulators.


http://www.rigzone.com/news/article.asp?a_id=73228
 
Buster said:
Doesn't Alaskan oil get shipped to Asia or Japan anyway?
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Maybe most of it, but its also main supply for Pacific NW States west of Cascades, ie majority of the population-maybe down into northern CA-not sure of that part tho.
 
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