Oil Slick Stuff

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FUEL- The movie:​

​

Fuel the movie will be playing at Pipers alley in Chicago this weekend.​

Also there is a monthly Green Room session at Uncommon Ground
tomorrow night from 6-9 featuring the producer of Fuel Rebecca Harrel.​

List of dates and theaters showing Fuel...​

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feature-length doc about America's past and present dependency on petroleum, and our alternative options for the future.​

the Veggie Van, running now on Algae Biodiesel...plus a whole lot more.​
 
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Pickens predicts oil prices to soar

Oil tycoon increases his oil and natural gas exposure with prices set to rise with economic recovery.

October 6, 2009: 4:52 PM ET


NEW YORK (Reuters) -- Texas oil tycoon T. Boone Pickens said Tuesday he has increased his long oil and natural gas position in recent weeks.

"It's not my personality to be short," said the billionaire who has made his fortune investing in the oil sector.
Oil prices are likely to be around $75 a barrel by the end of 2009 and $85 by the end of 2010, Pickens said, but added that an economic recovery could boost prices much higher.
"If you have a global recovery, then you could easily be $90 a barrel next year, you could be $100 a barrel," he said. [more]
http://money.cnn.com/2009/10/06/new...ral_gas.reut/index.htm?postversion=2009100616
 
welcome back to day's brother , probably be a purple haze for a day or 2 ,till you get back to sleeping right :)
 
kar crazy said:
welcome back to day's brother , probably be a purple haze for a day or 2 ,till you get back to sleeping right :)
Click to expand...
It may not take that long, I never got used to the GraveYard hours, slept GREAT last night!!!:D I hope I never have to do that again!!:suspicious:
 
10/08/2009 - Updated 7:37 AM ET
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Oil futures rise above $70; natural gas data is due
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures traded above $70 a barrel on Thursday, as dollar weakness and rising global equity markets attracted investors into the energy markets.
Crude oil for November delivery rose 67 cents to $70.23 a barrel in electronic trading on Globex. The contract earlier hit an intraday high of $70.58 a barrel.
Oil futures fell nearly 2% Wednesday after government data showed a bigger-than-expected buildup in U.S. gasoline inventories last week.
The Energy Information Administration reported that gasoline supplies rose by 2.9 million barrels, while crude inventories declined by 1 million barrels. [more]
http://markets.usatoday.com/custom/...S&guid={1E9BA6C3-F98C-4CCD-B191-CFAE7D189F07}
 
You ready for this one?

Sauda Arabia says that if the world reduces it's oil consumption, then they will need foreign aid to make up from the lost oil revenue.

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BANGKOK — There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis.

Saudi Arabia has led a quiet campaign during these and other negotiations — demanding behind closed doors that oil-producing nations get special financial assistance if a new climate pact calls for substantial reductions in the use of fossil fuels.

http://www.chron.com/disp/story.mpl/business/energy/6657947.html



Amazing, isn't it?
 
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We'll send them our oil revenues. hehehehe:laugh:
Of course they could just make it cheaper than the technology is and countries will buy it.
 
Global oil demand ready to rebound

International Energy Agency says the world's thirst for crude could be revived next year as the global economy recovers.

By Ben Rooney, CNNMoney.com staff reporter
October 9, 2009: 8:44 AM ET

Click the chart for current oil prices.


NEW YORK (CNNMoney.com) -- World oil consumption will rebound next year as the global economy recovers from a deep slump, according to a report released Friday
The Paris-based International Energy Agency said it expects global oil demand to grow 1.7% in 2010 to an average 86.1 million barrels per day. That's an increase of 350,000 barrels per day from its previous estimate.
http://money.cnn.com/2009/10/09/markets/oil/index.htm?postversion=2009100908
 
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10/09/2009 - Updated 3:48 PM ET
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Crude oil rises on economic hopes, demand forecasts :mad:
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures finished higher Friday after a late turnaround and rose 2.6% on the week, as investors continued to take an upbeat view of the economy and amid forecasts of rising demand.
Oil slumped earlier, pressured by a stronger dollar after Federal Reserve Chairman Ben Bernanke said loose monetary policy will end eventually.
Crude oil for November delivery finished up 8 cents, or 0.1%, at $71.77 a barrel on the New York Mercantile Exchange. It gained 2.6% from last Friday's close.
http://markets.usatoday.com/custom/...S&guid={0B6D5E23-3545-4C24-BA54-4415C0C84E29}
 
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Gasoline jumped a dime this afternoon locally to $2.55. That's 20 cents higher than 10 days ago.

P.S. My E85 is still $1.99. I use only E85- my money goes to Mid-west farmers, instead of Mid-east sheiks.
 
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Gas prices fall below $2.50 a gallon

Nationwide average declined nearly 5 cents over the past two weeks, survey says.

October 12, 2009: 4:15 AM ET

(CNN) -- Prices at the pump fell more than four cents over the past two weeks, continuing a downward slide despite a rise in crude oil prices, according to a survey published Sunday.
The average price of a gallon of self-serve regular was $2.48 as of October 9, a decrease of 4.52 cents over the past two weeks, the Lundberg Survey found.
http://money.cnn.com/2009/10/12/news/economy/gas_prices.cnnw/index.htm
 
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The trend is UP!!:(

10/12/2009 - Updated 7:29 AM ET
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Oil briefly tops $73 a barrel as IEA forecast buoys sentiment
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose to trade near $73 a barrel on Monday, as indications of a higher open on Wall Street buoyed sentiment in the energy market.
Crude oil for November delivery gained $1.15, or 1.6%, to $72.92 a barrel in electronic trading on Globex.
Earlier in the session, the contract hit an intraday high of $73.13 a barrel.
http://markets.usatoday.com/custom/...S&guid={5C294689-943F-468C-AC8D-D35354694920}
 
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Do you think that Oil is regenerating and seeping back into these fields, some do? :D
[FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]Oil Reserves Are Increasing[/FONT][/FONT]

[FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]by George Crispin[/FONT][/FONT]
[FONT=Georgia, Times New Roman, Times, serif][FONT=Georgia, Times New Roman, Times, serif]by George Crispin[/FONT][/FONT]​

[FONT=Times New Roman, Times, serif]Eugene Island is an underwater mountain located about 80 miles off the coast of Louisiana in the Gulf of Mexico. In 1973 oil was struck and off-shore platform Eugene 330 erected. The field began production at 15,000 barrels a day, then gradually fell off, as is normal, to 4,000 barrels a day in 1989, Then came the surprise; it reversed itself and increased production to 13,000 barrels a day. . [more][/FONT]
http://www.lewrockwell.com/orig5/crispin8.html​


Chevron Squeezes New Oil from One of World's Oldest Fields
by Ben Casselman
|
Dow Jones Newswires
|
Friday, October 09, 2009




Kern County, California​




BAKERSFIELD, Calif. (THE WALL STREET JOURNAL via Dow Jones), Oct. 9, 2009
Chevron Corp. is employing new technologies in hopes of extending the life of one of the world's oldest and most prolific oil fields, a process that is being replicated elsewhere to help the energy industry squeeze more out of aging oil basins.
The Kern River field has produced more than 2 billion barrels of oil in its 110-year history, but Chevron estimates it still holds another 1.5 billion barrels.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=81244
 
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Oil hits six-week high on economic optimism

  • On 8:44 am EDT, Monday October 12, 2009
    • By Alex Lawler
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Reuters - An oil pump is seen on the shore near Santa Cruz del Norte, Cuba June 5, 2008. REUTERS/Claudia ...

LONDON (Reuters) - Oil rose by more than $1 a barrel to a six-week high above $73 on Monday, supported by optimism about the pace of global economic recovery and indications of stronger oil demand.
Crude gained 2.6 percent last week, bolstered by a falling dollar. The International Energy Agency raised its oil demand forecasts and a Reuters survey showed Chinese refineries will keep crude processing at record levels in October.
http://finance.yahoo.com/news/Oil-h...08.html?x=0&sec=topStories&pos=2&asset=&ccode=
 
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More companies going for the "OLD GOLD":


PetroSouth Signs Farm-in Agreement in California Prospect
PetroSouth Energy
|
Wednesday, February 13, 2008


Kern County, California​


PetroSouth Energy Corp. announced that it will participate in the North Semitropic Prospect, located in Kern County, California, following a farm-in agreement with operator/explorer Transco Oil & Gas, Inc.
The North Semitropic Prospect is approximately 2,390 acres encompassing three target horizons to approximately 16,500 feet. The primary target is 13,700 feet, FJ/Vedder Sands (Miocene – Oligocene) with secondary targets of 10,000 feet Fractured Monterey Shale, (Upper Miocene) and 16,500 feet E-Sand (Eocene) zones will be drilled to approximately 10,000ft, 14,000ft, and 16,500ft.

[more]
http://www.rigzone.com/news/article.asp?a_id=56729
 
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