Oil Slick Stuff

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01/06/2010 - Updated 9:13 AM ET
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Crude little changed ahead of EIA petroleum data
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures were little changed Wednesday ahead of government data that will show last week's U.S. petroleum inventories.
Crude for February delivery was last up 0.1% at $81.81 a barrel. It ended Tuesday's trading up for a ninth straight session, the longest winning streak in more than five months as cold weather in the U.S. raised expectations for higher fuel demand.
It's that DAMN Global Warming AGAIN!! :laugh:
http://markets.usatoday.com/custom/...S&guid={3CF980B2-606E-4C1C-917E-0DF9A941C5C0}
 
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Market Update

10:30 am : Crude oil prices are on the retreat in the moments immediately following the release of news that crude oil inventories for the week that ended Jan. 1 had a build of 1.33 million barrels, which is a surprise since a 1 million barrel draw had been expected. Oil prices had started to make an advance in the minutes leading up to the report, but they are now down 0.4% to $81.50 per barrel.
Natural gas has held strong, though. Contracts for the commodity were last quoted a sharp 2.3% higher at $5.94 each. [more]
http://finance.yahoo.com/marketupdate/overview?u
 
01/06/2010 - Updated 3:12 PM ET
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Crude ends at 15-month high on cold weather, weaker dollarEIA reports rising inventories in crude and gasoline; natural gas rallies back
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude futures rose Wednesday for a 10th straight session, ending at the highest level in nearly 15 months as a weaker dollar and cold weather boosted prices, offsetting a bearish petroleum report from the government.
Data released by the Energy Information Administration showed U.S. crude inventories rose last week as imports increased. Inventories at a key delivery point also hit an all-time high.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B3CF980B2%2D606E%2D4C1C%2D917E%2D0DF9A941C5C0%7D
 
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Chevys you can't beat them. I've had more GM cars than any other, but right now I Own Toyota man Nissan, but things have changed!! I REALLY think the American Auto Companies have caught up with the Japanese in quality and reliability. My next purchase will be American!!:D
 
One of the reasons that fuel is not on the top of my list of future priorities is that there are some realy smart folks working on that issue. Hydrogen has draw backs but I've read alot of articles and it would seem to be a logicle choice. One minor problem is location. Imagine the number of cars driving in NY City this time of year. What comes out of the exhaust is water. Minor. But very cool:cool:
 
nnuut said:
Chevys you can't beat them.
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I've owned Ford Trucks for the past 20 years. Of course having a brother in law who works for them creates a financial benefit nobody else could match:D
If he worked for GM I would probably drive a Chevy.
 
WorkFE said:
One of the reasons that fuel is not on the top of my list of future priorities is that there are some realy smart folks working on that issue. Hydrogen has draw backs but I've read alot of articles and it would seem to be a logicle choice. One minor problem is location. Imagine the number of cars driving in NY City this time of year. What comes out of the exhaust is water. Minor. But very cool:cool:
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BUT, It would be OK for Las Vegas!!
 
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WorkFE said:
I've owned Ford Trucks for the past 20 years. Of course having a brother in law who works for them creates a financial benefit nobody else could match:D
If he worked for GM I would probably drive a Chevy.
Click to expand...
By the way Brother FORD has ALWAYS made GREAT trucks!!:D
 
WorkFE said:
One minor problem is location. Imagine the number of cars driving in NY City this time of year. What comes out of the exhaust is water. Minor. But very cool:cool:
Click to expand...

Actually - what a benefit the `cool' would be in NY, Mahattan, Chicago, etc in the summer ! Might slow down the Hot Weater-Hot Temper calls to the PD !
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01/07/2010 - Updated 9:06 AM ET
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Crude falls first day in 11 as dollar strengthens
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell Thursday for the first session in 11, declining from their highest level in nearly 15 months as a stronger dollar encouraged investors to take profit from oil's recent rally.
Also weighing on oil, the Labor Department reported the number of initial jobless claims rose slightly to a seasonally adjusted 434,000 after dramatic declines the previous two weeks.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BEF55F838%2D5F67%2D4784%2DA0E6%2DE51FECBF6433%7D
 
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01/07/2010 - Updated 12:58 PM ET
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Crude falls as dollar strengthens Natural gas falls 3%, coming off one-year highs
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures steepened their decline Thursday, ending a 10-day winning streak and declining from their highest level in nearly 15 months, as a stronger dollar encouraged investors to take profit from oil's recent rally.
Meanwhile, natural gas fell more than 3% after initially paring losses on the weekly government inventories report.
Also weighing on energy, China's central bank guided interbank interest rates higher, a "tightening bias" that could reduce the country's demand for commodities.
http://markets.usatoday.com/custom/...S&guid={EF55F838-5F67-4784-A0E6-E51FECBF6433}
 
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Iraq, Iran Agree to Solve Dispute over Border Oil Field
by Hassan Hafidh
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Dow Jones Newswires
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Thursday, January 07, 2010

BAGHDAD (Dow Jones), Jan. 7, 2010
Iraqi and Iranian officials will meet next week to try to solve their border issues, including the dispute over a southern Iraqi oil well which Iranian forces occupied last month, foreign ministers of the two neighboring countries said Thursday.
Iranian Foreign Minister Manouchehr Mottaki made the announcement after meeting his Iraqi counterpart, Hoshyar Zebari, in Baghdad.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=85146
 
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01/08/2010 - Updated 9:27 AM ET
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Crude lower after jobs report but poised for fourth weekly gain
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By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures remained slightly lower Friday, little moved after the government reported U.S. job losses in December as well as revised figures showing payrolls rose in November, the first such gain in nearly two years.
Despite the loss, crude is set to end higher for a fourth straight week, on track to gain about 4%.
http://markets.usatoday.com/custom/...S&guid={299DBD97-05E6-49F6-8411-479EC2439C0B}
 
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EPA Gives Shell Preliminary Approval to Drill in Chukchi Sea
by Siobhan Hughes
Dow Jones Newswires

Friday, January 08, 2010

WASHINGTON (Dow Jones), Jan. 8, 2010
The U.S. Environmental Protection Agency gave preliminary approval to Royal Dutch Shell (RDSA) to drill exploratory wells off the coast of Alaska, the company said Thursday, one of the last remaining hurdles facing the company's plans to begin drilling this summer.
The company said the EPA's decision to issue a draft air permit will start the clock on a series of events that will determine whether exploration can begin in 2010. The EPA still must finalize the air permit, which is also expected to face legal challenges. The U.S. Interior Department last month approved Shell's plan to drill three exploratory wells.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=85210
 
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01/11/2010 - Updated 8:12 AM ET
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Chinese data, weaker dollar boost oil Crude contract eclipses $83-a-barrel mark
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By Polya Lesova, MarketWatch & Myra P. Saefong, MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures climbed on Monday to a 15-month high, as data showing a surge in Chinese crude imports and a drop in the value of the U.S. dollar drew buyers into the energy market.
Crude for February delivery hit a high of $83.95 a barrel in electronic trading on Globex, the strongest intraday level since October 2008.
The contract was last up $1.12, or 1.4%, to $83.87 a barrel.
http://markets.usatoday.com/custom/...S&guid={D47E013E-35A2-46DF-81D7-B79876618896}
 
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It's all about the MONEY Folks!! :o

Will We Get That Colder Winter Weather?
by G. Allen Brooks
Parks Paton Hoepfl & Brown
Friday, January 08, 2010

Energy investors have been cheered by the continuing wave of colder than normal weather that descended on the United States from Canada beginning during Christmas week. While these investors were happy to see citizens struggling to dig out their vehicles from snow drifts and experience driving tie-ups due to snow, ice and cold, they really didn't care about the impact on holiday shopping caused by the storms. The cold contributed to large inventory drawdowns for both petroleum and natural gas and were greeted with glee! We really are having a winter!
Energy investors were happy to see citizens struggling to dig out their vehicles from snow drifts and experience driving tie-ups due to snow, ice and cold [more]
http://www.rigzone.com/news/article.asp?hpf=1&a_id=85248
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