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Hey Norm...Happy Birthday
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TANKS FOLKS, I surely appreciate it!! :D Having a party for me tomorrow night, BBQ Ribs and enough booze for me to forget how OLD I am for a little while!!smoking_baby.gif

Here we go, the automakers are on the verge of going BANKRUPT so now they have to retool all of their factories to put smaller, more energy effeicent engines in the cars and trucks they make. Good timing I'd say!
It never stops!:cool:
Tougher fuel economy rules announced

National fuel economy target increased by 2 mpg overall for the 2011 model year.

By Peter Valdes-Dapena, CNNMoney.com senior writer
Last Updated: March 27, 2009: 2:30 PM ET

NEW YORK (CNNMoney.com) -- The Department of Transportation announced the first increase in 25 years of the nation's fuel economy standards Friday.
Under the new rules, 2011 model year, cars will be required to get, on average, 30.2 miles per gallon and light trucks, such as pick-ups, SUVs and vans, will have to average 24.1 mpg.
http://money.cnn.com/2009/03/27/autos/mpg_standards/index.htm
 
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Oil prices tumble to end the week

Oil prices fall sharply after hitting record highs earlier in the week

NEW YORK (AP) -- Oil prices sank Friday as investors digested a week's worth of grim economic news and sold off with the price of crude still close to the peak for 2009.

Benchmark crude for May delivery dropped $2.06 to $52.28 a barrel on the New York Mercantile Exchange, shedding most of its gains for the week. In London, Brent prices fell $1.83 to $51.63 a barrel on the ICE Futures exchange.
Crude stocks surged all week as traders and brokers started to sense the return of a bull market. Prices have steadily increased for a month.
http://finance.yahoo.com/news/Oil-prices-tumble-to-end-the-apf-14768784.html
 
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From INO.com

We revisit the crude oil market

March 27, 2009 · By Adam · Filed Under Trading Tips & Techniques, Trading Videos
In my new video on the crude oil market we see how this market has been creeping up in value and in now trading over $50 a barrel. The question is “How high can crude oil rally given the world economy?”
The potential is that crude can go higher as the United States is addicted to oil and cannot at this stage run without it. The same goes for most other countries. Whatever the arguments are for crude oil I think you will find this short video of interest.
The short video outlines the path for crude oil and is free to watch.
I hope you learn something from this video. Feel free to give us your feedback on what you think is going to happen to this market in the future.
http://club.ino.com/trading/2009/03/we-revisit-the-crude-oil-market/
 
FUTURES MOVERS
Oil falls more than 4% over demand worries, dollar




By Polya Lesova & Moming Zhou, MarketWatch
Last update: 2:06 p.m. EDT March 27, 2009
http://www.marketwatch.com/news/sto...17A1CB7-F579-4A10-A290-E41621BEF59C}#comments




NEW YORK (MarketWatch) -- Crude-oil futures fell more than 4% Friday, wiping out gains made earlier in the week on concerns over demand and as traders weighed whether crude's recent rally is overdone. http://www.marketwatch.com/news/sto...x?guid={917A1CB7-F579-4A10-A290-E41621BEF59C}
 
And to top it off last night Gas goes up $.08 a gallon around here! That's great timing, tomorrow I'm going on a 275 mile trip and will come back Thursday night!! Let's see, the 4Runner has a 23 gallon tank, the trip should cost me about $4 more than last night.View attachment 6115
 
Oil sinks on Detroit's struggles

Crude prices fall after Obama administration rejects U.S. automakers' plan to restructure. Stronger dollar also drives prices down.

Last Updated: March 30, 2009: 6:27 AM ET

LONDON (Reuters) -- Oil fell below $51 a barrel on Monday, extending the previous the sessions' losses, as the U.S. government's rejection of turnaround plans for troubled automakers GM and Chrysler dampened investors' sentiments and encouraged a sell off.
Crude prices were also pressured by a stronger U.S. dollar and a slump on global stock markets.
http://money.cnn.com/2009/03/30/markets/oil.reut/index.htm?postversion=2009033006
 
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Oil below $50 a barrel, I LIKE it!:D GM doesn't!:worried:

Oil falls 4.7% on auto struggles

Crude prices fall below $50 after Obama administration rejects U.S. automakers' plans to restructure.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 30, 2009: 11:38 AM ET


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NEW YORK (CNNMoney.com) -- Oil fell below $50 a barrel on Monday after the U.S. government rejected restructuring plans from embattled automakers GM and Chrysler, renewing fears of potential bankruptcy and prompting a stock selloff.
Stocks tumbled after President Obama's administration gave General Motors and Chrysler failing grades for their turnaround efforts and forced out GM CEO Rick Wagoner.
http://money.cnn.com/2009/03/30/markets/oil/index.htm?postversion=2009033011
 
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FUTURES MOVERS
Oil falls amid turmoil for auto sector, stimulus push

By Moming Zhou & Polya Lesova, MarketWatch
Last update: 1:37 p.m. EDT March 30, 2009

NEW YORK (MarketWatch) -- Crude futures fell more than 7% Monday to below $49 a barrel, heading for their biggest one-day loss in four weeks on rekindled concerns that a slow recovery in global growth will continue to weigh on energy demand.

Analysts said energy prices were also coming under pressure over investor worries about the auto industry, with fresh turmoil buffeting [more]
http://www.marketwatch.com/news/sto...x?guid={349E73D6-6CE3-43D4-99A7-5BD35E201DFB}
 
I won't be available until Apr 2nd. If you need a quote for NYMEX Crude or RYB Gas follow the link to Oil Slick Home Page in my signature and click on the links, see Ya later!smoking_baby.gif
 
nnuut said:
And to top it off last night Gas goes up $.08 a gallon around here! That's great timing, tomorrow I'm going on a 275 mile trip and will come back Thursday night!! Let's see, the 4Runner has a 23 gallon tank, the trip should cost me about $4 more than last night.View attachment 6115
Click to expand...
How much you wanna bet that Gas don't go down because oil dipped below $50/bb l:rolleyes::mad:
 
Minnow said:
Oil supplies = up
Gasoline supplies = up
Distillate supplies = up


Retail prices = up? same 'ol same 'ol :rolleyes:

http://money.cnn.com/2009/04/01/markets/oil/index.htm

crude and rbob gasoline were trading down last I checked...

I'm sure some rehashed rumor will be trotted out to keep our prices at the pump higher.
Click to expand...
In California they say prices are up because they are "retooling" in order to go to the summer blend. They claim that the summer blend is more expensive to make than the winter blend. How much you wanna bet in November they'll say the winter blend is more expensive to make than the summer blend? :sick:
 
Viva La Migra said:
In California they say prices are up because they are "retooling" in order to go to the summer blend. They claim that the summer blend is more expensive to make than the winter blend. How much you wanna bet in November they'll say the winter blend is more expensive to make than the summer blend? :sick:
Click to expand...

Or the "scheduled maintenance" of refineries.. or some guy in Colorado says there will be XX named storms in the Atlantic Basin this year, or OPEC cuts are beginning to take effect...

take your pick...

... by the way, wonder how much ransom those oil pirates are demanding for the supertanker full of oil now? probably the same amount the hedge funds got stuck with when they were forced to take delivery and then rent out a couple of those same supertankers to hold until the price approached "break even." :laugh:
 
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