Oil Slick Stuff

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That's it America-

Beat that importation addiction of foreign oil.

Beat it with something that the middle east doesn't have-----


AMERICAN FUEL.

View attachment 6895

I haven't bought gasoline since 2007.
We're gonna beat that monster.
We're going to break that habit.
How about you?
​
 
James48843 said:
That's it America-

Beat that importation addiction of foreign oil.

Beat it with something that the middle east doesn't have-----


AMERICAN FUEL.

View attachment 6895

I haven't bought gasoline since 2007.
We're gonna beat that monster.
We're going to break that habit.
How about you?
​
Click to expand...
I'm with you on this Jim..only it will take time to totally covert and for the US consumer to totally want..Baby steps my friend, baby steps..It'll happen;)

one thing, Who sells 100% ethanoil?
 
Nigeria? Not again!!:nuts:


10/05/2009 - Updated 11:46 AM ET

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Crude falls for second session as economic worries persist Petroleum-products contracts also lower; natural gas bucks bearish trend
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By Polya Lesova, MarketWatch & Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell Monday for a second session, dropping below $69 a barrel as worries about fragility in the economic recovery and weakness in energy demand dominated market sentiment.
Crude for November delivery dropped $1.60, losing 2.3% to stand at $68.35 a barrel on the New York Mercantile Exchange. Monday's loss came http://markets.usatoday.com/custom/...S&guid={AF4CA874-D28F-4A04-B815-070BFAEA88D7}
 
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:mad:Merrill: Oil's Shooting To $100 Next Year
October 05, 2009: 08:33 AM ET

(alleyinsider.com) --
Merrill Lynch's oil analysts say oil will rise above $100 a barrel next year because of our monetary policy and resurgent oil demand from emerging markets.
Merrill sees oil going to $82 in the fourth quarter of 2010, if not higher warning of an "upside risk" according to Bloomberg, who got a copy of their weekly report.
http://money.cnn.com/news/newsfeeds...l_oils_shooting_to_100_next_year_2009_10.html
 
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There's always hope!!:worried:

Oil and Gas Drilling Off Florida Coast? Lawmaker's Plan Spurs Debate
by Kevin Spear
|
McClatchy-Tribune Information Services
|
Monday, October 05, 2009

State Rep. Dean Cannon is an avid pilot, motivated partly by his father's past military flying, so he often wings it to the capital in a rented plane.

While cruising through a night sky recently, his aircraft's main navigation and instrumentation screen burned out. Cannon, the next speaker of the House, was suddenly flying by the seat of his pants.

http://www.rigzone.com/news/article.asp?a_id=81033&hmpn=1
 
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10/05/2009 - Updated 3:51 PM ET
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Crude back above $70 a barrel as stocks, data lift sentiment
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By Moming Zhou, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude oil futures finished higher on Monday, ending above $70 a barrel, after an upbeat survey of the U.S. services sector lifted hopes for economic recovery.
Also helping crude, the U.S. dollar weakened against most of its major rivals after finance ministers from the Group of Seven nations made no specific mention of the currency in a communiqué at their weekend meeting.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BAF4CA874%2DD28F%2D4A04%2DB815%2D070BFAEA88D7%7D
 
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:mad:Oil jumps above $71 on dollar shake-up

Prices climb more than $1 amid talk of replacing the troubled greenback as the currency of choice for oil trading.


October 6, 2009: 6:28 AM ET

LONDON (Reuters) -- Oil prices rose more than $1 to above $71 a barrel on Tuesday, helped by declining dollar following a report that Gulf Arab states were in talks to replace the U.S. dollar with a basket of currencies in oil trading. [more]
http://money.cnn.com/2009/10/06/markets/oil.reut/index.htm?postversion=2009100606
 
Maybe NOT!!!:D

Oil states say no talks on replacing dollar

Tue Oct 6, 2009 7:40am EDT

Gulf region to stay with dollar for oil: UAE central bank source


Saudi central bank: report on replacing dollar is wrong 4:14am EDT

No need to replace U.S. dollar for oil trade: Algeria 4:14am EDT

SNAP ANALYSIS: Ending dollar oil sales easy; pricing is hard 12:28am EDT

Russia: hasn't discussed changing dollar role in oil 4:14am EDT

By Simon Rabinotvitch and Wayne Cole

ISTANBUL/SYDNEY (Reuters) - Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
The dollar eased in response to the report, which was written by The Independent's Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.
It said the proposal was for trade in crude oil to move over nine years to a basket of currencies including the Japanese yen, the Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, which includes Saudi Arabia and Kuwait.
The report comes amid a wider debate on the role of the dollar as the world's reserve currency, which has come under question. For most of this decade, the United States has struggled to maintain the dollar's value.
But top officials of Saudia Arabia and Russia, speaking on the sidelines of International Monetary Fund meetings in Istanbul, denied there were such talks. The two countries are the world's largest and second-largest oil exporters.
Asked by reporters about the newspaper story, Saudi Arabia's central bank chief Muhammad al-Jasser said: "Absolutely incorrect." He repeated the same response when asked whether Saudi Arabia was in such talks. [more]
http://www.reuters.com/article/newsOne/idUSTRE59507620091006
 
The only reason why it's the dollar is because the interested parties can't agree on how to do it otherwise.

Basket of currencies = basket case at the negotiating table (What's in the basket and how many apples do I get?)

Other oil prices:
North sea Crude = let the Brits run it using a higher risk case (as the Germans say Nordsee ist Mordsee = the North sea is the sea of death).
 
Silverbird said:
North sea Crude = let the Brits run it using a higher risk case (as the Germans say Nordsee ist Mordsee = the North sea is the sea of death).
Click to expand...

Just got out of the bed and feel like I'm in the "sea of death", do you think 4 hours is enough sleep?:o
Dollar down Oil up, dollar up Oil down and the Markets with it!! Detour.gif
 
10/06/2009 - Updated 3:46 PM ET

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Crude futures gain as dollar weakens; natural gas slidesAustralian bank decision, newspaper report roil currency, commodities markets
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By Laura Mandaro, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude futures finished higher Tuesday but relinquished their hold on $71 a barrel, with the session's gains supported by a drop in the U.S. dollar and a rally in global stocks on renewed confidence in a worldwide economic recovery. [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1D2E6002%2D4230%2D4580%2D9E90%2DB3CE2E744523%7D
 
10/07/2009 - Updated 7:00 AM ET

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Crude futures rise above $71 ahead of petroleum inventoriesEIA's weekly data on deck; API reports unexpected drop in crude supplies
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures topped $71 a barrel early Wednesday, gaining after the American Petroleum Institute reported unexpected declines in crude and distillate inventories for last week.
Crude for November delivery gained 47 cents to stand at $71.35 a barrel in electronic trading on Globex. The contract earlier hit an intraday high of $71.76 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B3FF691E3%2D319C%2D41C0%2DBC31%2D80288D2B3DCD%7D
 
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alevin said:
I love that song. Was just listening to it the other day-in a movie, I think?
Click to expand...
I like that one too, an Oldie but a Goodie. Back to Day Shift tomorrow, maybe I can get my circadian rhythms back on track?:sick:
 
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