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Oil rises above $71 as inventories fall
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures surpassed the $71-a-barrel level Wednesday after government data showed a surprising decline in last week's inventories, as imports fell and gasoline demand picked up.
Crude inventories fell by 4.4 million barrels in the week ended June 5, the Energy Information Administration reported. Analysts surveyed by energy information provider Platts had expected an increase of 800,000 barrels.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BE168F85A%2DD5B4%2D46C1%2D966B%2DC20C1B51E7D5%7D
 
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kar crazy said:
what station you stopping @ Buster :confused:
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7-11, corner of SW104th and Penn..I don't use their gas..I just use their prices posted as a gauge to what's happening..and of course Wal-Mart down the street on Western is .03 cheaper yet...
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Oil climbs near $73 on higher demand

Crude demand rose for first time in 10 months, International Energy Agency says, reigniting hopes that decline has bottomed out.

By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: June 11, 2009: 12:54 PM ET


Click the chart to view the latest commodity prices.

NEW YORK (CNNMoney.com) -- Oil jumped near $73 a barrel on Thursday after the International Energy Agency raised its estimate for 2009 oil demand for the first time in 10 months.
Light, sweet crude for July delivery jumped $1.32 to $72.65 a barrel by 11:43 a.m. ET.
http://money.cnn.com/2009/06/11/markets/oil/index.htm?postversion=2009061112
 
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nnuut said:
http://caffertyfile.blogs.cnn.com/2009/06/11/will-your-life-change-if-oil-reaches-250-a-barrel/
Experts predict the price of oil could soon hit $250 a barrel.
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That my friend would mean the end of life as we know it..or at the very least, the need for oil will stop as other energy sources and synthetics will replace oil..in essence that will price the oil producers right out of business.....So these so called experts are idiots to suggest anything close to that..:rolleyes:
 
Oil slips to $71 as investors take profits

Oil slips to near $71 as market takes profit, but mood is bullish on improving economic data

  • George Jahn, Associated Press Writer
  • On Friday June 12, 2009, 9:36 am EDT
VIENNA (AP) -- Oil prices slipped to near $71 a barrel Friday as the crude market took a breather from its recent daily gains. But the mood remained bullish as investors eyed signs that the global recession may be easing.

http://finance.yahoo.com/news/Oil-s...510438.html?sec=topStories&pos=2&asset=&ccode=
 
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KevinD said:
Wind for electricity in order to redirect the natural gas for transportation.
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I suppose..he ain't a Millionaire or Billionaire from being stupid..I'm sure he has underlying motives to bolster his OIL and Gas business..
 
A domestic fuel to free us from foreign oil.

Conserving and harnessing renewable forms of electricity not only has incredible economic benefits, but is also a crucial piece of the oil dependence puzzle. We should continue to pursue the promise of electric or hydrogen powered vehicles, but America needs to address transportation fuel today. Fortunately, we are blessed with an abundance of clean, cheap, domestic natural gas.

Currently, domestic natural gas is primarily used to generate electricity. It has the advantage of being cheap and significantly cleaner than coal, but this is not the only use of our natural gas resources.
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http://www.pickensplan.com/theplan/
 
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Wind power should be expanded, it works. Natural gas for vehicles is also a good one, we only fault the infrastructure to distribute to consumers. Build Nuclear Power plants, electric cars really don't run on electricity they are powered by what ever is used to power the Plants that feed the GRID, I want mine to run on Nuclear Power! In the meantime DRILL DRILL DRILL!!! :cool: nomonkey1.gif
 
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