Oil Slick Stuff

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In keeping the tradition while Norm is off on a boondoggle...

Light Sweet Crude settled at $49.04, +.63
 
No Problem Tom..My pleasure to help..:)





Man! I hate it that oil is tied to Wall Street rally's.:mad:

LSC settled at $52.64 +3.60:sick:
 
Buster said:
No Problem Tom..My pleasure to help..





Man! I hate it that oil is tied to Wall Street rally's.:mad:

LSC settled at $52.64 +3.60:sick:
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Hey, thanks I can use all the help I can get. :D Got back home yesterday afternoon, but PUTER not back from HP yet, should be there when I get home this afternoon, but I'm not counting on it!!!:sick: Thanks Buster!!!

Oil jumps more than $4

Crude prices end the day back above $52 a barrel alongside a stock rally as investors bet on economic optimism.

By Kenneth Musante, CNNMoney.com staff writer
Last Updated: April 2, 2009: 3:03 PM ET

NEW YORK (CNNMoney.com) -- Oil prices jumped back above $52 a barrel, in tandem with a rally in equities Thursday, as signs of an economic recovery seem to appear on the horizon. [more]
http://money.cnn.com/2009/04/02/markets/oil/index.htm?postversion=2009040215
 
Something Smells bad here:sick:!!

Oil rises above $53, extending rally

Oil rises above $53, extending rally sparked by optimism on US economy, higher stock prices

  • Pablo Gorondi, Associated Press Writer
  • Friday April 3, 2009, 6:37 am EDT
Oil prices rose above $53 a barrel Friday, extending a rally fueled by market optimism that crude demand may rebound if the U.S. economic downturn bottoms out soon. Investors remained cautious, however, ahead of a crucial U.S. jobs report later in the day.
Related Quotes


SymbolPriceChangeUSO30.980.00

Benchmark crude for May delivery rose 41 cents to $53.05 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange. The contract rose $4.25 on Thursday to settle at $52.64.
In London, Brent prices rose 46 cents to $53.21 a barrel on the ICE Futures exchange.
http://finance.yahoo.com/news/Oil-rises-above-53-extending-apf-14840209.html
 
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Don't get used to the Downside!!

America's oil bust

Falling oil prices and frozen credit are slowing production and piling up equipment. Now some worry we're setting ourselves up for another price spike.

By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: April 3, 2009: 10:07 AM ET


090325_pennsylvania_056.jpg
Willard Cline has run the Cline Oil Co. since 1946. He says low prices have shut in about half his daily production.
090325_pennsylvania_048.jpg
Oil jacks, usually in the field, sit behind Cline's shop.
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Shawn Keane, in front of idled oil field service rigs. Keane has laid off about a third of his employees as low prices curtail production.
090325_pennsylvania_024.jpg
Waiting for higher prices: Oil equipment lines a dirt road in Western Pennsylvania.

BRADFORD, Pa. (CNNMoney.com) -- Six months ago this oil town in Western Pennsylvania was booming. You couldn't find a worker to paint a house, let alone man a drill rig. The nearby oil fields buzzed with activity as high prices drove a production frenzy.
Now this boomtown's bustle is as quiet as the surrounding late-winter forest.
http://money.cnn.com/2009/04/03/news/economy/oil_penn/index.htm?postversion=2009040310
 
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Thing of it is, what is never explained for some reason...Is that if we'd stop buying oil from OPEC and use exclusivly our own untapped reserves (you know we have plenty of it too, so don't let any of the treehugging propaganda BS make you think otherwise), Cut through the environmental red tape and the control over who drills where and when, or at least make the process faster and streamlined...
These domestic oil producers would be booming.
 
Buster said:
Thing of it is, what is never explained for some reason...Is that if we'd stop buying oil from OPEC and use exclusivly our own untapped reserves (you know we have plenty of it too, so don't let any of the treehugging propaganda BS make you think otherwise), Cut through the environmental red tape and the control over who drills where and when, or at least make the process faster and streamlined...
These domestic oil producers would be booming.
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The Oil business is purposely being STRANGLED by the Current Administration inorder to reach their goals.:mad: View attachment 6130
 
http://www.energyinvestmentstrategies.com/2009/03/07/when-will-the-oil-price-pop/

I'm printing this one out for longterm reference and planning.

Three hypotheses about global supply-demand shifts between 2009-2015.

The 2008 - 2009 economic debacle is expected to reduce global oil demand by millions of barrels per day (thus increasing global spare oil production capacity) and to simultaneously defer many megaprojects and smaller production plans further into the future. So it now seems appropriate to look at the changed landscape and prepare an updated estimate for oil supply, demand, and price through 2015.

The question posed in my earlier post (9/1/08) was “when will the price of oil pop to perhaps $300 - $500?” Now, as we live through a global depression, the question has become “when will the $35 - $50 oil price move through some “equilibrium” $70 - $90 price point and then pop back into the $100+ range, indicating a return of scarcity pricing?” To answer that question I’ve gone back to the original data and tried to update it to account for the depression-related impacts of the global demand downturn and delays in both new megaproject startups and in EOR (extraordinary oil recovery) work-over production.
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One scenario below-the other two scenarios are different, based on different stages of economic recovery and demand-supply balances. Author provides assumptions in the article.

Here is a new projection that aims at estimating spare global capacity going forward. Spare capacity in early 2008 was generally believed to be about 2 mb/d, virtually all of it in Saudi Arabia. Here’s my estimate now:
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ANOTHER GREAT POST Alevin, thanks. Got my computer back Friday after 14 days at HP and it was doing the same thing as when I sent it out for repair. I shuffled around the memory and was able to get it to boot and am now running 6 Gigs of ram of the 8 that I want to run. GGEE:nuts:RRR!
The trend will be up in fact it's up now over the last 2 Months. I believe the dollar will probably fall which will probably send Oil higher, but might be good for the "I" Fund. Obama wants the dollar weak and the price of Oil higher so inflation must be the way to prosperity?:sick:
 
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Oil retreats below $52 as stock markets turn red

Oil falls to below $52 as stock markets slump on failure of IBM-Sun takeover deal

  • Pablo Gorondi, Associated Press Writer
  • Monday April 6, 2009, 9:21 am EDT
Oil prices retreated to below $52 a barrel Monday, tracking a downturn in stock markets, as investors worried about the upcoming U.S. corporate earnings season and the failure of a major takeover deal.

By mid-afternoon in Europe, benchmark crude for May delivery was down $1.17 to $51.34 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 13 cents on Friday to settle at $52.51.
://finance.yahoo.com/news/Oil-retreats-below-52-as-apf-14857181.html
 
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Oil futures fall on expectations of rising suppliesWorries over a weak first-quarter earnings season also weigh on sentiment
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures fell Tuesday for a third-straight session on expectations that U.S. crude inventories rose last week and that first-quarter earnings will underscore the depth of the economic downturn.
Crude for May delivery fell $1.12, or 2.2%, to $49.96 a barrel in early North American electronic trading.
http://markets.usatoday.com/custom/...S&guid={FB8FE37E-9C39-4168-A26C-7C45E7BBC77A}
 
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This should save GAS, but where do I put my luggage? :worried:


GM, Segway team up on 200-mpg 2-seaterUpdated 3h 6m ago |​

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EnlargeBy Emile Wamsteker, General Motors
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The Project PUMA prototype takes a spin in Brooklyn on Saturday.


By James R. Healey, USA TODAY
General Motors (GM) is teaming with Segway, the scooter company, to develop a battery-powered vehicle to cut urban congestion and pollution.
The companies plan to announce the partnership Tuesday in New York, where they are testing a prototype of the partially enclosed, two-seat, two-wheel scooter. The venture is called Project PUMA, for Personal Urban Mobility and Accessibility.
PHOTOS: GM, Segway unveil 2-wheel prototype

http://www.usatoday.com/money/autos/2009-04-06-puma-segway-gm_N.htm
 
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nnuut said:
This should save GAS, but where do I put my luggage? :worried:

They'd be used to test the vehicles and their on-board wireless communicators designed to keep them safely apart and even operate them while drivers do other tasks.
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just put it in your lap and use it as a mixing board for your favorite adult beverage. you and Buster could road trip together and never get a DUI 'cuz there ain't no "D" to go along with your "UI." :laugh:
 
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Yes, "leave the driving to us", "You're in good hands with Gegway"!!! Crank her up I've got the mixer!! :D tasmanian_devil10.gif
 
That thing looks like a modified "wheel-chair". Very appropriate, since that's what they will need next after their first close encounter with a real car on the road. What a death-trap!

nnuut said:
This should save GAS, but where do I put my luggage? :worried:


GM, Segway team up on 200-mpg 2-seaterUpdated 3h 6m ago |​

clear.gif
EnlargeBy Emile Wamsteker, General Motors
clear.gif
The Project PUMA prototype takes a spin in Brooklyn on Saturday.


By James R. Healey, USA TODAY
General Motors (GM) is teaming with Segway, the scooter company, to develop a battery-powered vehicle to cut urban congestion and pollution.
The companies plan to announce the partnership Tuesday in New York, where they are testing a prototype of the partially enclosed, two-seat, two-wheel scooter. The venture is called Project PUMA, for Personal Urban Mobility and Accessibility.
PHOTOS: GM, Segway unveil 2-wheel prototype

http://www.usatoday.com/money/autos/2009-04-06-puma-segway-gm_N.htm
Click to expand...
 
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Oil settles below $50 with investors on the brink of earnings season

  • Dirk Lammers, AP Energy Writer
  • Tuesday April 7, 2009, 3:45 pm EDT

SIOUX FALLS, South Dakota (AP) -- Oil prices settled below $50 a barrel Tuesday as the energy markets tumbled with the stock markets amid growing doubts about corporate earnings and global energy demand.

Benchmark crude for May delivery fell $1.90 to settle at $49.15 a barrel on the New York Mercantile Exchange.
Daniel Flynn, an analyst at Alaron Trading Corp., said oil is trading off the dollar and the stock market indices, and that trend is likely to continue until global demand picks up and starts tapping into growing crude stockpiles. [more]
http://finance.yahoo.com/news/Oil-below-50-as-stocks-fall-apf-14873264.html
 
Buster, you would look good in one of those!!:laugh:

Our friend Hugh is making more BUDDIES!!:cool:


Japan and Venezuela trade energy


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Venezuela needs Japan's investment; Japan needs Venezuela's resources

Japan and Venezuela have agreed to jointly pursue several oil and gas projects. The agreements were reached during the visit to Tokyo of Venezuelan President Hugo Chavez.
They include plans to explore for new oil sources in Venezuela's Orinoco belt, develop a new natural gas field and fund the upgrading of refineries.
Venezuela has some of the world's largest oil and gas reserves but the oil price drop has hit financing.
Japanese Prime Minister Taro Aso and Mr Chavez agreed to set up a working team to explore the possibility of the development of oil at Venezuela's Orinoco oil belt and liquefied natural gas, as well as funding for the operations, Japanese foreign ministry officials said.
Energy allies [more]
http://news.bbc.co.uk/2/hi/asia-pacific/7986905.stm
 
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