Oil Slick Stuff

Sort by newest Sort by date
Oil falls below $52

Futures decline after the International Energy Agency said world oil demand will fall this year.

April 13, 2009: 6:40 AM ET

LONDON (Reuters) -- Oil fell below $52 a barrel on Monday after the International Energy Agency cut its forecast for oil demand, overshadowing data showing Chinese crude imports rose to their second-highest ever.

The IEA said on Friday that world oil demand will fall by 2.4 million barrels per day (bpd) this year and said developed countries' oil inventories in February rose to their highest since 1993.
http://money.cnn.com/2009/04/13/markets/oil.reut/index.htm?postversion=2009041306
 
Last edited:
Here comes summer!!:worried:

US Gasoline Price Rises 10 Cents a Gallon
By: Reuters | 12 Apr 2009 | 05:01 PM ET



The average U.S. retail gasoline price rose about 10 cents a gallon over the past three weeks due to environmental costs linked to warmer weather, though the price was 40 percent lower than a year earlier, according to the Lundberg survey released Sunday.
gas_pump_1.jpg
Mark Lennihan / AP​


The average national price for self-serve regular unleaded gasoline was $2.048 a gallon on April 10, up 9.58 cents from March 20, according to the survey of gas stations.
http://www.cnbc.com/id/30181781
 
Last edited:
nnuut said:
Here comes summer!!:worried:

US Gasoline Price Rises 10 Cents a Gallon
By: Reuters | 12 Apr 2009 | 05:01 PM ET
Click to expand...

Friggin Crook bastards:mad:...Don't they realize that high fuel prices is what crippled the economy in the first place?
 
Is it finally trickling down to our level? NOT! Surely it will go higher and inflation will raise it's ugly head again!:cool:

Time to bet on oil again

The collapse in the price of crude has caused companies to slash budgets - setting the stage for a rebound that should propel stocks higher.

By Mina Kimes, reporter
Last Updated: April 13, 2009: 10:50 AM ET

chart_inv.03.jpg


(Fortune Magazine) -- Ever since crude hit a record high of $147 per barrel last July, owning oil stocks has been a little like bungee jumping - a long, terrifying plunge that you pray will be followed by a life-affirming bounce. Well, it may finally be time to exhale.
With oil rebounding to more than $50 for the first time since November, there is a growing consensus among industry analysts and investors that the stage is set for a multiyear rally that will propel stocks higher. "The question is not if, but 'How fast? How much?'" says longtime Oppenheimer analyst Fadel Gheit.
http://money.cnn.com/2009/04/13/new...ocks.fortune/index.htm?postversion=2009041310
 
Last edited:
What's sad is that when the economy improves...stocks rise...we're all happy and then boom....oil rises. Then we're screwed again. Can't we do something to get out of this oil rat race. Aren't we getting some good oil contracts out of our saving the people of Iraq from Saddam? But then we still have a chance on Afghanistan....but that is a big chance....too mountaneous...and too tough a battle! Damn...maybe we should try nuclear....nuclear energy that is! Oh yeah...I forgot, the dems won't allow it! I guess it's back to corn oil and wind power! Dear...I'll be late for dinner...the wind stopped blowin!!!!
 
Ethanol.

Pure, 100% American made liquid sunshine energy drink (um, ok, not drink, but it gives new meaning to getting "tanked". )



http://e85prices.com


As of today, 1985 stations in the U.S., and growing more every day.

If it's near you now- start taking advantage of E85 as a fuel. No foreign imports- just pure American made energy.

973_31_10_08_11_36_54.JPG



If it's NOT near you yet, start asking your local station owners to get it. There are tax credits available for stations to convert, and many states also proivde extra incentives to make it cost competitive.

As for me- it doesn't matter about the price- I will buy it even if it is a few pennies more than gasoline- because it doesn't cost ANY American soldier's blood to keep the sea lanes open, and the pipelines flowing. E85 is cheaper than the cost to American Military young men and women.


​
 
We can't use wood to replace fossil Fuels. We can't plow up pasture to plant crops. OK FARMERS no more growing food, we all will have to live on fish and Free Range Chicken from now on, thanks Mr. Gore!!:laugh:

Biomass 'worse than fossil fuels'
Biomass power could become one of the worst emitters of greenhouse gases, the Environment Agency (EA) has warned. Ploughing up pasture to plant energy crops could produce more CO2 by 2030 than burning fossil fuels, it said. The EA's study of biomass fuels also found waste wood and MDF produced the lowest emissions, while willow, poplar and oil seed rape made the highest. The agency has...
http://article.wn.com/view/2009/04/14/Biomass_worse_than_fossil_fuels/
 
Last edited:
You GO Texas, this wind thing really works!! The more windmills the better, I'm going to put one on the roof of my 4Runner!:D

ENERGY
Texas still tops in production of wind power

Iowa, other states show gains in industry, adding related jobs.

By Dirk Lammers
ASSOCIATED PRESS
Tuesday, April 14, 2009

Texas continues to blow away the competition, but Iowa can now generate more wind power than California, according to a new industry report released Monday.
http://www.statesman.com/business/content/business/stories/other/04/14/0414wind.html
 
Last edited:
James48843 said:
Ethanol.

Pure, 100% American made liquid sunshine energy drink (um, ok, not drink, but it gives new meaning to getting "tanked". )





As for me- it doesn't matter about the price- I will buy it even if it is a few pennies more than gasoline- because it doesn't cost ANY American soldier's blood to keep the sea lanes open, and the pipelines flowing. E85 is cheaper than the cost to American Military young men and women.​
Click to expand...


Sorry, Ethanoil is not the answer, unless it's an exaggerated moral issue with you personally about soldiers and sailors shedding blood protecting it (to me, that's a big stretch and ridiculous to infer buying gasoline is condemning them to death) Consider also the other shipping issues at hand that are far more dangerous regardless of the cargo..can you say PIRACY?..You had better start living off your own resources and grow ALL your own food and make ALL of your own clothes and nothing , I MEAN NOTHING you use should be imported according to your way of thinking, otherwise you are in the same stinking boat of liberal hypocrisy again and killing all that serve to protect the seas......:rolleyes:
http://news.yahoo.com/s/ap/20090414/ap_on_re_af/piracy

Ethanol is a waste of time and resources..it takes more to run a machine on ethanol than gasoline, hence it will take more ethanol to go that same distance or do the same work..So where's the savings? Also the environmental impact is the same, if not worse when considering the greenhouse gases, if that is your grind.

http://www.usatoday.com/tech/news/2006-07-10-ethanol-study_x.htm
 
Last edited:
Oil trades near $50 a barrel

Crude prices hover as investors weigh weak economy and talk of a supply glut.

By Catherine Clifford, CNNMoney.com staff writer
April 14, 2009: 11:38 AM ET

crudeoil.mkw.gif


NEW YORK (CNNMoney.com) -- Oil prices hovered around $50 a barrel Tuesday as investors weighed fresh signs of economic weakness and continued talk of a supply glut.
Crude for May delivery rose 12 cents to $50.17 a barrel.
A report from the Commerce Department released Tuesday showed that retail sales fell 1.1% in March, compared with February's revised gain of 0.3%. Economists had been looking for a 0.3% increase.
http://money.cnn.com/2009/04/14/markets/oil/index.htm?postversion=2009041411
 
Last edited:
Thanks Frixxxx... here's CNN's story about inventories on oil, gasoline, and distillates. Hmmm... oil stockpiles increase, gasoline stockpiles decrease less than expected, distillates decrease less than expected yet the price of oil and refined gasoline are increasing today? And retail gasoline continues to rise?

As Nnuut would say, this market is nuts!

Oil falls on soaring supply

Crude inventories grow twice as much as expected in government's weekly report.


By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: April 15, 2009: 10:49 AM ET


Click chart to view latest commodity prices.
NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday after a government report said crude supplies rose more than double what was expected.

In its weekly inventory report, the Energy Information Administration said crude stocks rose 5.6 million barrels in the week ended April 10.
Analysts were expecting an increase of 2.5 million barrels, according to a consensus estimate compiled by Platts, an energy information provider.
Oil fell 6 cents to $49.35 a barrel at 10:46 a.m. ET. It was up 50 cents to $49.91 just prior to the report's release.
Consumers have scaled back energy use on continued uncertainty about when the recession will reverse. That in turn has caused a glut in supply.
In a monthly report released Tuesday, OPEC said demand would drop by 1.37 million barrels per day in 2009, while its previous forecast was for demand to fall by 1.01 million per day. OPEC said it plans to meet May 28 to reassess the oil market.
 
Last edited by a moderator:
Thanks for the help Guys, I need all I can get! Had someone steal a book of checks from us and use 4 of them before I caught it!:mad: I'm out almost $500 and am not very happy about it. I'm going to catch the crooks and put them in the SLAMMER!!!!!:nuts: crookjail.gif
 
I think we will catch the crooks. They spent our money in Food Lion, CVS, Piggly Wiggly, and CITGO all of them have cameras! They were in my house, I'm not sure which one of the 8 that were here went into my desk and stole the checks but I'm sure my daughter can recognize them on video, it's just a matter of time and they will have a new roommate that hopefully falls in love when they arrive. BIG BUBBA!:nuts:
 
You must log in or register to reply here.
Back
Top