Oil Slick Stuff

Sort by newest Sort by date
Surely our lawmakers wouldn't let this happen, WOULD THEY!!!

Other Countries Ink Deals for Oil Drilling Off Florida Keys
by David Goodhue, The Reporter, Tavernier, Fla.

Knight Ridder/Tribune Business News

Friday, August 07, 2009

While the debate about drilling off the coast of Florida continues in Washington and the state Legislature, several international companies are getting started on projects that could bring oil rigs within 60 miles of the Keys by year's end.



http://www.rigzone.com/news/article.asp?a_id=79092&hmpn=1
 
Last edited:
And Oil is still over $70 a Barrel, inventories up, no hurricanes on the way thanks to El Nino, Demand is down, Oh My oH My!!:sick:

OPEC's Oil Output Rose by 100,000 B/D from June
Platts

Friday, August 07, 2009

The Organization of the Petroleum Exporting Countries (OPEC) increased crude oil production by 100,000 barrels per day (b/d) to 28.57 million b/d in July, according to a just-released Platts survey of OPEC and oil industry officials and analysts. This is an increase from the 28.47 million b/d pumped in June.
http://www.rigzone.com/news/article.asp?a_id=79088&hmpn=1
 
Last edited:
I always thought that OPEC announces an increase in the production of oil (say by 100,000 barrels) but realistically increased production more then the fugures they make public. With demand down and production up, maybe they're now doing the opposite. ie... announcing an increase in production while actually lowering it.
​
 
Crude inches up as stocks gain, dollar slips
1.gif


By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) -- Crude-oil prices posted small gains in early electronic trade Monday, as Asian stock markets advanced and the U.S. dollar slipped against other major currencies.
Benchmark Nymex crude for September delivery rose 16 cents to $71.09 a barrel on Globex at midday in Asia, bouncing off an intraday low of $70.32 a barrel.
http://markets.usatoday.com/custom/...S&guid={332F01DE-B091-4477-ACCB-DEDD24DCC3CE}
 
Last edited:
squalebear said:
I always thought that OPEC announces an increase in the production of oil (say by 100,000 barrels) but realistically increased production more then the fugures they make public. With demand down and production up, maybe they're now doing the opposite. ie... announcing an increase in production while actually lowering it.


​
Click to expand...
DO WE TRUST OPEC? NOT!!! Maybe they know something that we don't?:cool: Seems that their timing is off to me.:suspicious:
 
Gas climbs nearly 19 cents in 20 days

The national average hits $2.645 a gallon, up 7.6%, since July 21 as driving season reaches its peak.

By Ben Rooney, CNNMoney.com staff writer
August 10, 2009: 8:20 AM ET


Gasoline prices and taxes by state


Prices at the pump can vary widely among states, due in large part to vastly different levels of gasoline tax. More

NEW YORK (CNNMoney.com) -- Gas prices continued to climb Monday, with the national average up nearly 19 cents over the last 20 days, according to motorist group AAA.
The national average price for a gallon of regular gasoline edged up 0.2 cent to $2.645, according to AAA's daily survey of up to 100,000 filling stations.
http://money.cnn.com/2009/08/10/news/economy/gas/index.htm?postversion=2009081008
 
Last edited:
Oil falls on stronger dollar, lower stocks; sugar rallies 6%
1.gif


By Polya Lesova, MarketWatch & Moming Zhou,

MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures edged lower Monday, as a stronger dollar weighed on oil prices and as lower U.S. stocks damped investment sentiment.
In other commodities, sugar futures rallied nearly 6% to end at a fresh 28-year high.
http://markets.usatoday.com/custom/...S&guid={332F01DE-B091-4477-ACCB-DEDD24DCC3CE}
 
Last edited:
A couple of 7-11's dropped .02 in last day or two, to $2.37/gal..while others are holding on to the $2.40/gal prices on average.

But..a Stronger dollar and lower oil, means stronger S fund....It's all good, since I have 86% tied up in the S Fund
 
08/11/2009 - Updated 2:20 AM ET

1.gif
Crude oil edges higher on stock gains, China data
1.gif

By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) -- Crude-oil prices edged higher in electronic trading Tuesday, leaning on stock gains in Asian markets and Chinese data showing continued, though slower, economic growth.
The September contract for benchmark Nymex crude was up 12 cents at $70.72 a barrel on Globex by the Asian midday, after moving in a tight range between $70.51 and $71.04 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BE3D3615A%2D6C7E%2D4710%2D9F50%2D316C89144F5D%7D
 
I want one!:D

Chevy Volt to get 230 mpg rating

Ultra-high mileage for GM's electric-drive Volt could give it a marketing boost.

By Peter Valdes-Dapena, CNNMoney.com senior writer
Last Updated: August 11, 2009: 4:55 PM ET


chevy_volt_230mpg.03.jpg
GM CEO Fritz Henderson touted the fuel economy of the Volt on Tuesday in Detroit.

DETROIT (CNNMoney.com) -- The Chevrolet Volt, GM's electric car that's expected to go on sale in late 2010, is projected to get an estimated 230 miles per gallon, the automaker announced Tuesday.
That exceptionally high government mileage rating could give the Volt a major boost. For the first time, car buyers will easily be able to compare electric cars with ordinary gas-powered cars.
http://money.cnn.com/2009/08/11/autos/volt_mpg/index.htm?postversion=2009081116
 
Last edited:
INVENTORIES TODAY at 10:30 EST

Oil slips toward $69

Crude prices sink as investors await a report on U.S. inventory levels. Energy research group lowers forecast for consumption in 2010.

August 12, 2009: 6:00 AM ET


Click the chart for current oil prices.


LONDON, Aug 12 (Reuters) -- Oil slipped towards $69 a barrel on Wednesday, falling for the fifth straight session, as growing concerns about the strength of demand pressured prices ahead of the release of weekly U.S. inventory data.


http://money.cnn.com/2009/08/12/markets/oil.reut/index.htm?postversion=2009081206
 
Last edited:
Headed to Atlanta Airport to pick up my Daughter and Grandson be back about 15:00!! I hate driving in Atlanta!!:nuts:
 
nnuut said:
Demanding?????? In what way?:confused:
Click to expand...


Let me put it another way then...The VOLTS are gonna cost you $40,000, just to buy..then good luck finding a charging station, and that is predicted to cost $.08 a minute to charge them bad boys up...

Heard this on the news the other night..they were comparing it to the Toyota Prius as far as $$/mile in total ownership costs..Needless to say and it gives me great pains to even brag on the Prius..But the Prius won the comparison test against the VOLT.
 
nnuut said:
Demanding?????? In what way?:confused:
Click to expand...

More on this..

The Volt’s target price started at $30k. More recently, GM’s Car Czar declared that the Volt would sell for about $48k. The winner of TTAC’s annual Bob Lutz award reckons $40k might be possible “without making any profit.” For comparison purposes, we’ll assume an MSRP $44k.

But let’s be clear: both eco-consciousness and the Toyota Prius have moved beyond fads, into fully blown trends. (Federal legislation sealed the deal.) The Chevy Volt and the Toyota Prius must ultimately compete in the automotive mainstream, where the Volt is at a supreme price disadvantage. Unless GM is willing to heavily subsidize the Volt for many years, no matter how good it is, the Prius will kick its ass.
Click to expand...
http://www.thetruthaboutcars.com/the-great-hybrid-showdown-chevrolet-volt-vs-toyota-prius/
 
Oil rises as stocks outweigh supply build

Crude prices reverse earlier losses, tracking broad rally in equities after the Federal Reserve indicates that the battered economy seems to have leveled out.

Last Updated: August 12, 2009: 3:58 PM ET


Click the chart for current oil prices.

NEW YORK (Reuters) -- Oil rose Wednesday as stock market gains raised optimism about the economy, offsetting concerns about rising inventories and weak demand in top consumer the United States.


U.S. crude for September delivery settled up 71 cents at $70.16 a barrel.
http://money.cnn.com/2009/08/12/markets/oil.reut/index.htm?postversion=2009081215
 
Last edited:
You must log in or register to reply here.
Back
Top