Oil Slick Stuff

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James48843 said:
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Now if we could just get more stations to convert over, we'd have some solutions going.
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It's a chicken and egg question in some areas, Jim. why buy a spendy flex-fuel vehicle if there aren't any flex-fuel stations within your commuting area-yet. 'Fraid I'm with nnuut, I'll buy something alternative-if affordable and infrastructure supported when the wheels fall off the 14-year old paid-for vehicle, which I anticipate still driving another 2-3 years from now. :o
 
Oil nears $60 on recovery hopes

Signs of economic stabilization outweigh concerns about weak demand and record high inventories.

By Ben Rooney, CNNMoney.com staff writer

May 12, 2009: 7:26 AM ET


Click the chart for current oil prices.



NEW YORK (CNNMoney.com) -- Oil prices rose Tuesday, coming within 32 cents of the $60-a-barrel level, as investors focused on signs of economic stabilization and a weaker dollar.
Oil last settled above $60 a barrel on Nov. 12, when it ended at $62.41.
Light, sweet crude for June delivery was up 70 cents at $59.20 a barrel in pre-market, electronic trading. Earlier, the contract rose to a high of $59.68.
Oil prices have trended higher in recent sessions, after averaging about $50 a barrel last month, as improved economic data raised bets that the economy is headed for a recovery sooner rather than later.
http://money.cnn.com/2009/05/12/markets/oil/index.htm
 
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Same Story, NO REASON for higher Oil/Gas prices!!!!!:nuts: Are there NO REGULATORS/OVERSEERS??:nuts:

Oil above $59 on signs US recession is easing

Oil well above $59 as investors bet worst of US recession over

  • George Jahn, Associated Press Writer
  • On Tuesday May 12, 2009, 6:25 am EDT
VIENNA (AP) -- Investor hopes that the U.S. recession may have bottomed out propelled oil prices well above $59 a barrel on Tuesday.

Prices rose despite continued lack of demand, evidenced by U.S. crude stocks that are near 19-year highs and expected to climb further.
Benchmark crude for June delivery was up $1.02 to $59.52 a barrel by noon in European electronic trading on the New York Mercantile Exchange. On Monday, the contract fell 13 cents to settle at $58.50.
Oil prices have jumped from below $35 a barrel in February amid signs the pace of economic deterioration has slowed, setting the scene for an eventual recovery.
http://finance.yahoo.com/news/Oil-a...12530.html?sec=topStories&pos=3&asset=&ccode=
 
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nnuut said:
Same Story, NO REASON for higher Oil/Gas prices!!!!!:nuts: Are there NO REGULATORS/OVERSEERS??:nuts:

Oil above $59 on signs US recession is easing
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Last night I thought if I had the opportunity to talk with BHO I'd tell him the fastest way to make money is hiking the price of gas back to $4.00 a gallon and instantly putting close to a 100% Tax on it for the Government.

Then as the Oil Companies raise the price - we'd already be use to paying $4 dollars or better. Anyway I felt like we are still hugely Oil Dependent and virtually everyone would contribute.

I know that sound's terrible - but if I was a cold hearted politician that wanted to raise Capital - that was the fastest and most guaranteed way of getting it done fast. Of couse I would give a great speech about the State of 'Our Economy' and how we as 'Americans all need to come together and pay the price'.

What really baffles me about the BS messages these writers are communicating is how they can possibly believe 'The US Recession is Easing'. My gosh - apart from this fluke Obama Rally - everything is saying totally the opposite. Retailers are saying across the board that things are terrible; Things are not looking better from a fundamental perspective of the 'nuts and bolts' - 'bread and butter' REAL LIFE angle. More and more the people 'most in the know' are saying there is no sign of things improving until 2010.

OK - I'm off the Soap Box - The reason for higher Oil Prices is because the first hint of a recovery (even if it's totally BS and we're still swrilling into the depths of a Recession/Depression) - if they can find any excuse to justify taking more money they will. They know we have no other choice but buy regardless of the price so what the hell.

Of course you know my feelings have nothing to do with you Norm, but the rising price of gas is standing out.
 
Steadygain said:
Last night I thought if I had the opportunity to talk with BHO I'd tell him the fastest way to make money is hiking the price of gas back to $4.00 a gallon and instantly putting close to a 100% Tax on it for the Government.

Then as the Oil Companies raise the price - we'd already be use to paying $4 dollars or better. Anyway I felt like we are still hugely Oil Dependent and virtually everyone would contribute.
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I totally disagree!!! that would be instant suicide for what's left of this country and the economy...

You want TAX revenues???..TAX the hell out of ALL tobacco, all forms of drinking Alcohol (yes more than it is already) and lastly, Legalize Marijuana and control it like Alcohol and Tobacco and Tax the holy crap out of it!. 1. you will have a constant standardized product (primo ass buzzing weed) and 2. you will surely raise enough tax revenue to pay down the deficit to zero within two years..With this comes better concerts, less people drinking and driving, less fights and barroom brawls..The benefits are limitless..All the fast food restaurants and snack vendors will be booming..not to mention the medicinal benefits.

Peace:)
 
That's right raise the price of fuel, that will inflate the price of everything that is delivered, everything, even the price of GAS and OIL!!:nuts:
 
It appears that the BIG GUYS are bailing out and buying commodities again? That's what happened last year when the Hedge Funds and Big Banks bought Oil and Gas, speculation drove the prices to record highs. DEJAVU:mad:

Oil touches $60 on recovery hopes

Signs of economic stabilization and a weak dollar outweigh concerns about anemic demand and record high inventories.

By Ben Rooney, CNNMoney.com staff writer
Last Updated: May 12, 2009: 10:25 AM ET


Click the chart for current oil prices.



NEW YORK (CNNMoney.com) -- Oil prices rose above $60 a barrel Tuesday, before falling back, as investors focused on signs of economic stabilization and a weaker dollar.
Light, sweet crude for June delivery was up 56 cents at $59.06 a barrel after climbing to $60.08 a barrel in pre-market, electronic trading.
It was the first time oil traded above $60 a barrel since Nov. 11 when it hit an intra-day high of $60.80 a barrel. Oil last settled above $60 a barrel on Nov. 10, when it ended at $62.41.
http://money.cnn.com/2009/05/12/markets/oil/index.htm?postversion=2009051210
 
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WOW!..Something just happened...The DOW just shot up like it has a Roman candle stuck up it's butt..:D
 
GREAT, just GREAT and I'm planning a trip to Biloxi over the Memorial Day weekend. (Hit Me, JACKPOT):laugh::D

Gasoline nears $2.25, crude briefly above $60

Gasoline prices start to rise as Memorial Day holiday approaches

Mark Williams, AP Energy Writer
  • Tuesday May 12, 2009, 3:49 pm EDT
COLUMBUS, Ohio (AP) -- Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.

Just a week ago, drivers nationally paid about 17 cents less for a gallon of gas on average.
Crude wavered after hitting $60.08 early Tuesday, but still closed up 35 cents at $58.85 a barrel on the New York Mercantile Exchange. That's more than 80 percent above prices in December when crude was bottoming out.
http://finance.yahoo.com/news/Gasol...219985.html?sec=topStories&pos=3&asset=&ccode=
 
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Steadygain said:
Last night I thought if I had the opportunity to talk with BHO I'd tell him the fastest way to make money is hiking the price of gas back to $4.00 a gallon and instantly putting close to a 100% Tax on it for the Government.

Then as the Oil Companies raise the price - we'd already be use to paying $4 dollars or better. Anyway I felt like we are still hugely Oil Dependent and virtually everyone would contribute.
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Buster said:
I totally disagree!!! that would be instant suicide for what's left of this country and the economy...

You want TAX revenues???..TAX the hell out of ALL tobacco, all forms of drinking Alcohol (yes more than it is already) and lastly, Legalize Marijuana and control it like Alcohol and Tobacco and Tax the holy crap out of it!.

Peace:)
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My message can only be understood in the context of everything else I shared.

NO - I do not want TAX revenues to be increased at all. My point is the people in charge are more than willing to do whatever they think needs to be done to get whatever money they want and it doesn't make any difference how much suffering and strain that puts on the general population. They are immune to these things so what difference does it make to them. But when it comes to making this known you can be sure they will present themselves as one of us and it's going to be long enduring hardship they have to go through - but we'll all be going through it together. When you hurt - I hurt and all that garbage.

I would make Tobacco and everything else proven to be nothing but poison to our systems illegal. All tobacco fields in the US would be distroyed. If I were to TAX the hell out of anything it would be the Casinos and all Lottery type things :D

Legalize Marijuana and control it like Alcohol That's been my message for years.

Later dude ;)
 
Steadygain said:
My message can only be understood in the context of everything else I shared.

NO - I do not want TAX revenues to be increased at all. My point is the people in charge are more than willing to do whatever they think needs to be done to get whatever money they want and it doesn't make any difference how much suffering and strain that puts on the general population. They are immune to these things so what difference does it make to them. But when it comes to making this known you can be sure they will present themselves as one of us and it's going to be long enduring hardship they have to go through - but we'll all be going through it together. When you hurt - I hurt and all that garbage.

I getcha drift..I knew you were doing the Devil's advocate thingy..Who do think I learned doing that from?:D

I would make Tobacco and everything else proven to be nothing but poison to our systems illegal. All tobacco fields in the US would be distroyed.

That would sure help me quit..I can dig this idea too....Course, you didn't mention anything about Alcohol..Hmmmm, makes me think there is a personal agenda here too..Hmmmm:notrust:

Just kidding my bro.:D


If I were to TAX the hell out of anything it would be the Casinos and all Lottery type things

Now that hurts....knowing poor Norm is off to Biloxi
gears.gif




Legalize Marijuana and control it like Alcohol That's been my message for years.

Later dude
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At least Barney Frank is trying to do something about..
 
Buster says- Legalize pot, and then tax Pizza by the slice.


Now THAT should be enough to completely finance a national health care plan if ever I heard it!

P.S.-

Gasoline jumped another 3 cents here yesterday.

I don't agree we should add $2 tax to a gallon of gas.

However, I would agree to a nickle (5 cents) per gallon of imported oil for one year, if the money was dedicated to use to pay for building more E85 station conversions. Like the airport trust fund- you would get 95% federal aid to convert a tank to E85, if there we no other stations within 5 miles. That's how they do airport funding now. Builds the infrastructure, and would greatly reduce our dependence on foreign fuel quickly.
 
Yeah:nuts: Tax the hell out of them smokers, drinkers and gamblers!!! Who writes the tax laws some mamby pamby that thinks WE should be taxed because WE are SINNERS or something. KMA!:nuts: hic! smoking_baby.gif
Maybe that's the answer, TAX the HELL out of the sinners?
 
Market Update

10:30 am : Crude oil inventories for the week ending May 8 showed a draw of 4.6 million barrels. A build of 1 million barrels had been expected so crude prices are jumping. Crude was last quoted 1.4% higher at $59.70 per barrel.
Prior to the inventory release, OPEC indicated that it expects oil demand to fall by 1.57 million barrels per day, and that oil prices have climbed above $50 per barrel more as a result of sentiment than fundamentals.
The upturn in crude oil prices has helped the energy sector trim its losses. Energy stocks were down more than 2% ahead of the inventory announcement, but are now down 1.2%.
Natural gas prices aren't able to share in crude's buying, however. Natural gas was recently quoted 0.7% lower at $4.42 per contract[more]
http://finance.yahoo.com/marketupdate/overview?u
 
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