Oil Slick Stuff

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It's about time they realized that DEMAND is DOWN and will be for the near future. Raising the price because the economy APPEARS to be recovering has got to stop!!:nuts:

Oil tumbles on weak demand outlook

Industry group says global demand for crude will shrink at its fastest rate since the 1980s.

By Ben Rooney, CNNMoney.com staff writer
May 14, 2009: 8:12 AM ET

Click the chart for current oil prices.

NEW YORK (CNNMoney.com) -- Oil prices fell Thursday after the International Energy Agency said world oil consumption will shrink this year at its fastest rate since the 1980s.
Light, sweet crude for June delivery was down 91 cents at $57.11 a barrel in pre-market electronic trade. Oil fell to a low of $56.55 earlier in the session.
http://money.cnn.com/2009/05/14/markets/oil/index.htm?postversion=2009051408
 
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James48843 said:
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.
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While you're at it, legalize prostitution and tax the F@&k out of it!:laugh::blink::toung:
 
Get this..

For little more than a week gas at a certain 7-11 I monitor was $2.09/gal..two days ago it went down to $2.07..last night it went up to $2.19....WTF is up with that???..and oil has dropped in the last few days..:mad::mad::mad:
 
Buster said:
Get this..

For little more than a week gas at a certain 7-11 I monitor was $2.09/gal..two days ago it went down to $2.07..last night it went up to $2.19....WTF is up with that???..and oil has dropped in the last few days..:mad::mad:
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I notice the same thing happened in GA., so at least they are consisteant with their inconsistencies.:confused:
I won’t be available today from 10:00 until about 13:30, work calls. Then I'm taking off early to go home and try and fix my computer. Daughter acquired a really good Trojan virus and now all I get is the "Blue Screen of Death" so it doesn't look good for me posting at all after 10:00, we will see? Damn computers!! :nuts:
 
This is what I did for my Home PC..

On ebay there is a guy that sells brand new SATA hard drives with SATA cables complete and other PC stuff (Discount4pc)...not bulk packaging..I bought a 320 GB Western Digital for $46.00 shipped..I have this ACRONIS true image 11 home Software to copy and image my original HD to the new one..making a perfect mirror image back-up HD..Now when the original one gets hammered or corrupted, I can simply just plug in the NEW HD and I'm back in business..Saves a lot of aggravation rebuilding a HD from Scratch...
 
Buster said:
Get this..

For little more than a week gas at a certain 7-11 I monitor was $2.09/gal..two days ago it went down to $2.07..last night it went up to $2.19....WTF is up with that???..and oil has dropped in the last few days..:mad::mad::mad:
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Hugo Chavez wants more money!
 
Buster said:
This is what I did for my Home PC..

On ebay there is a guy that sells brand new SATA hard drives with SATA cables complete and other PC stuff (Discount4pc)...not bulk packaging..I bought a 320 GB Western Digital for $46.00 shipped..I have this ACRONIS true image 11 home Software to copy and image my original HD to the new one..making a perfect mirror image back-up HD..Now when the original one gets hammered or corrupted, I can simply just plug in the NEW HD and I'm back in business..Saves a lot of aggravation rebuilding a HD from Scratch...
Click to expand...
That's cool, I used to use Norton Ghost!! I'm really good at reloading Windows, no problem, I have all my stuff backed up. Heading home in 15 mins, so if I start at noon let's see when I'm back on line. :rolleyes:
 
Back up and running at 13:53, have Vista and Anti virus, plenty more to do!!:nuts:
 
[oookay...carbon capture? Only use I've found for it so far is to use to pump into oil wells to get the last bit in...and the only storage places extensive enough are old oil wells. I guess every energy source gets its chance.:suspicious:]

Secretary Chu Announces $2.4 billion in Funding for Carbon Capture and Storage Projects
Funds to Advance Research, Development and Deployment of Carbon Capture and Storage Technologies and Infrastructure
Washington, D.C. – U.S. Secretary of Energy Steven Chu today announced at the National Coal Council that $2.4 billion from the American Recovery and Reinvestment Act will be used to expand and accelerate the commercial deployment of carbon capture and storage (CCS) technology. The funding is part of the Obama Administration’s ongoing effort to develop technologies to reduce the emission of carbon dioxide, a major greenhouse gas and contributor to global climate change, into the atmosphere while creating new jobs.
http://www.energy.gov/news2009/7405.htm
[btw anyone wanting a link to annoucement on first implenting projects for smart grid, I've got that one too.]
 
Oil falls on weak demand

Stronger dollar, slumping stock prices contribute to crude prices dipping below $57 a barrel.

Last Updated: May 15, 2009: 3:28 PM ET


Click the chart for current oil prices.

LONDON (Reuters) -- Oil fell more than 3% to below $57 a barrel Friday as dealers became increasingly pessimistic about the outlook for global energy demand, hard hit by the economic slump.

Losses on equities markets and moderate gains in the U.S. dollar against other currencies also encouraged selling in the commodities markets.
http://money.cnn.com/2009/05/15/markets/oil.reut/index.htm?postversion=2009051515
 
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Gas jumps 25 cents in three weeks

Nationwide survey of gas stations finds price of regular unleaded spiked as driving season approaches, but says trend is unlikely to continue.

May 17, 2009: 5:32 PM ET

(CNN) -- Gas prices jumped nearly a quarter in the past three weeks, but the trend is unlikely to continue, according to a survey published on Sunday.
The average price of a gallon of self-serve regular is $2.30, according to the May 15 Lundberg Survey of some 5,000 gas stations around the country. The 25-cent hike is the largest increase in gas prices on a weekly basis since a year ago, but "that's where the similarity ends," according to survey publisher Trilby Lundberg.
http://money.cnn.com/2009/05/17/news/economy/gas_prices/index.htm?postversion=2009051717
 
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Buster said:
Gas went down .10 overnight...So what happened to the "summer travel time" thingy?:confused:
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Must be an OKC thing- because where I am it hasn't changed. Still $2.43 this morning at the BP stations, and $2.39 at the Shell down the road- unchanged since it went up to that last week Wednesday....
 
Hmmm..Don't know what the reason was/is..gas was $2.19 Friday and Saturday night it went down to $2.09..Hmmmm..Probably will jump .20 tonight..:o
 
East coast of florida i see mostly 2.32.......I t seemed to to take .07 incrmental jumps from 2.09 a week to a week and a half ago.....
 
Oil rises to around $58 amid weak crude demand

Oil rises to around $58 as investors consider gloomy outlook for crude demand

  • Pablo Gorondi, Associated Press Writer
  • On Monday May 18, 2009, 9:26 am EDT
Oil prices rose nearly $2 to around $58 a barrel Monday as traders considered whether last week's push to above $60 was justified amid signs of weak crude demand but rising stock markets. Attacks on oil facilities in Nigeria helped support prices. [more]
http://finance.yahoo.com/news/Oil-r...276894.html?sec=topStories&pos=8&asset=&ccode=
 
WHAT'S NEXT, a HURRICANE??:nuts:

Oil jumps 4.8% on supply concerns

A pipeline bombing in Nigeria and a U.S. refinery fire send oil prices up as peak driving season approaches.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: May 18, 2009: 3:04 PM ET


Click the chart to view the latest commodity prices.

NEW YORK (CNNMoney.com) -- Oil prices rose almost 5% Monday after a fire at a major American refinery and violence in Nigeria renewed supply concerns going into the summer driving season.

Light, sweet crude for June delivery rose $2.69, or 4.8%, to settle at $59.03 a barrel. Monday's increase was the highest percentage jump since April 9, when prices rose 9%.
http://money.cnn.com/2009/05/18/markets/oil/index.htm?postversion=2009051815
 
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