Oil Slick Stuff

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Energy fuels new 'Great Game' in Europe

The giant Russian energy company, Gazprom, which controls the world's largest reserves of natural gas, has issued a stark warning to the European Union saying it must decide if it wants to continue receiving supplies of Russian gas.
Speaking in a BBC interview, Gazprom deputy chairman Alexander Medvedev warned that Europe was now at a crossroads.
http://news.bbc.co.uk/2/hi/europe/8090104.stm
 
The Russians have gas, maybe it's all the potatoes?:laugh:

Oil heads above $69

Crude prices rally on signs of a recovery, weak dollar. Supply report expected to show a build in inventories, keeping a cap on gains.

By Catherine Clifford, CNNMoney.com staff writer
Last Updated: June 9, 2009: 10:44 AM ET


Click on the chart to see other commodity prices.
Click on the chart to see other currency prices.

NEW YORK (CNNMoney.com) -- Oil prices passed $69 Tuesday as the dollar fell and expectations grew that the economy is headed for recovery.
But even as the oil market hoped demand would continue to rebound with the economy, analysts forecast the second straight weekly build in crude stockpiles.
http://money.cnn.com/2009/06/09/markets/oil/index.htm?postversion=2009060910
 
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It's kinda like pooring water on the fire!!:suspicious:

$70 oil menaces budding recovery

As oil prices rise, some say already weak consumer spending is in danger of taking an even harder hit.

By Steve Hargreaves, CNNMoney.com staff writer

June 9, 2009: 1:31 PM ET

NEW YORK (CNNMoney.com) -- Two weeks change a lot in the oil markets.
At the end of May CNNMoney.com ran a story asking if $60 oil will kill any economic recovery. 'No," most analysts said - consumers could shoulder $60 crude, and analysts didn't see prices going much higher.
Now oil is touching $70 a barrel. Goldman Sachs recently said it sees crude at $85 by the year's end. With the economy still on life support, oil is drifting dangerously close to being the wet blanket at the recovery's party.
http://money.cnn.com/2009/06/09/news/economy/oil_prices/index.htm?postversion=2009060913
 
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I am halfway there. I have the Honda Insight CVT 2001 with which I once got 71 MPG for over 100 miles on relatively flat road back and forth to work.

http://delicious.com/wwwtractor/insight

I would love to have the Aptera or Aptera type of car one day. I wish they had gone with wheel motors. I do not like belt drives.
 
There you go Folks, over $70 a barrel today. There sneaking up on us every day, a little at a time!! It's starting to hurt more and more every day!
DIRTYFRACKENRACKENFLUBBERSTIFFNERS!!!!:nuts:
 
nnuut said:
There you go Folks, over $70 a barrel today. There sneaking up on us every day, a little at a time!! It's starting to hurt more and more every day!
DIRTYFRACKENRACKENFLUBBERSTIFFNERS!!!!:nuts:
Click to expand...
especially if you drive a ole heap like me about 8 gal, per mile:eek: give er take a 1/4 mile
 
FWIW $2.59 for regular tonight in Phoenix. Up from 1.22 a month ago and 2.21 two weeks ago. Glad I only have to fill up every two weeks.
 
FWIW..Gas dropped .05 today after rising a dime a couple of days ago....currently $2.34
 
I smell higher gas taxes down the road!!:nuts:

The downside of lower gas taxes
Posted by Two Cents Editors
June 9, 2009 5:15 pm

President Obama’s recent announcement that auto fuel efficiency standards are being sped up to require an average per-fleet fuel economy of 35.5 mpg for cars by 2016 (the previous goal was 35 mpg by 2020) has its environmental and geopolitical merits. Less green house gas emissions, less dependency on foreign oil producers is a very big win-win.
http://moneyfeatures.blogs.money.cnn.com/2009/06/09/the-downside-of-lower-gas-taxes/
 
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$70 oil menaces budding recovery

As oil prices rise, some say already weak consumer spending is in danger of taking an even harder hit.

By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: June 10, 2009: 7:44 AM ET

oil_chart2.03.gif


NEW YORK (CNNMoney.com) -- Two weeks change a lot in the oil markets.

At the end of May CNNMoney.com ran a story asking if $60 oil will kill any economic recovery. 'No," most analysts said - consumers could shoulder $60 crude, and analysts didn't see prices going much higher.
Now oil is touching $70 a barrel. Goldman Sachs recently said it sees crude at $85 by the year's end. With the economy still on life support, oil is drifting dangerously close to being the wet blanket at the recovery's party.
http://money.cnn.com/2009/06/09/news/economy/oil_prices/index.htm?postversion=2009061007
 
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nnuut said:
$70 oil menaces budding recovery

As oil prices rise, some say already weak consumer spending is in danger of taking an even harder hit.
Click to expand...
Well DAH!!! ya think?:rolleyes::mad:


Said in a retorical sense, not at you Norm..
 
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