Oil Slick Stuff

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OK, where's our cut? If we went to WAR for OIL when do we get our cut?:confused::cool:

Iraqi oil may rival Saudi Arabia

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By Steve Hargreaves, staff writerJanuary 12, 2010: 3:58 AM ET

NEW YORK (CNNMoney.com) -- Iraq's ravaged oil industry is on the verge of a major reconstruction and experts now believe that by the decade's end it could rival the world's top oil producers.
But major challenges lie ahead.

http://money.cnn.com/2010/01/12/news/international/iraq_oil/index.htm
 
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Crude at $80.05 a barrel:D

01/12/2010 - Updated 2:19 PM ET
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Crude oil falls after China acts to curb economic expansion
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch & Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures on Tuesday fell for a second session to under $81 a barrel after moves by China to stem the expansion of the world's fast-growing economy and milder forecasts also weighed on prices.
A day after data showed a big jump in Chinese energy imports in December, the People's Bank of China lifted the reserve requirements for http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B2AF6C52B%2D0468%2D45CF%2D818C%2D3F3303894EAD%7D
 
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01/13/2010 - Updated 6:15 AM ET
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Oil futures drop for third session on big build in suppliesCrude prices trade below $80 a barrel after inventory report by API
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Crude futures dropped below $80 a barrel on Wednesday, falling for a third session, as an industry group reported large builds in U.S. petroleum inventories, rekindling worries that energy demand remains weak.
Crude oil for February delivery fell $1.04, or 1.3%, to $79.75 a barrel in electronic trading on Globex. The contract earlier hit an intraday low of $79.55 a barrel.
http://markets.usatoday.com/custom/...S&guid={43013341-F5CF-4A57-B0D2-53D29DD5F928}
 
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Market Update

10:35 am : The US Dollar Index began a small rally around 9:00ET, which has pressured the commodity complex since.
In the energy markets, February crude oil has traded in negative territory so far in today's session. After hitting morning highs of $80.40 per barrel minutes after the open, the energy component fell sharply to fresh morning lows of $79.25 per barrel, a move that coincided with the reversal in the Dollar Index and also ahead of this morning inventory data. Following the data, which showed a build of 3699K vs. consensus of a build of 1500K, crude sank to fresh lows of $89.37. Currently, crude is 2.4% lower at $78.82 per barrel.
http://finance.yahoo.com/marketupdate/overview?u
 
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:mad:Inventories up 200%....WTF

Yes, this will cause it to drop, but come on......where were these reserves before...... from 1.2M to 3.6M??????

Damn Manipulators!!!!!:mad:
 
Frixxxx said:
:mad:Inventories up 200%....WTF

Yes, this will cause it to drop, but come on......where were these reserves before...... from 1.2M to 3.6M??????

Damn Manipulators!!!!!:mad:
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That's the name of the GAME is it not?:o
 
nnuut said:
I used to live there, I moved!! That might be a GOOD idea for you?:worried:
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Have two and half years to finish my Air Force reserve commitment until I can retire. I will make E-9 this year and then I can punch out.....I will probably ask to go to Europe and do a stint and see the world and then PPP back East somewhere.

Believe me, I had no intentions of staying here, but I stayed until the kids graduated.....

But what about that price of oil???
 
Frixxxx said:
Have two and half years to finish my Air Force reserve commitment until I can retire. I will make E-9 this year and then I can punch out.....I will probably ask to go to Europe and do a stint and see the world and then PPP back East somewhere.

Believe me, I had no intentions of staying here, but I stayed until the kids graduated.....

But what about that price of oil???
Click to expand...
Sounds like a PLAN to me!!!
I'd look at different parts of the country, the Cost of Living varies greatly. Compared to CA Central GA is on sale!!:cool:
Oil is down today, but I suspect it will be headed back up as soon as they turn the fire up and Cook the Books a little more!!
 
01/13/2010 - Updated 1:20 PM ET
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Oil futures down for 3rd straight session on rising suppliesCrude slides 2% to under $79 a barrel after EIA report
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By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures slumped for a third consecutive session on Wednesday, with losses accelerating after the Energy Information Administration reported bigger-than-expected increases in U.S. supplies of crude and distillates.
Analysts expected cold temperatures to boost energy demand and reduce inventories. But drawdowns in heating-oil supplies were largely offset by a sharp increase in crude imports, according to Platts.
http://markets.usatoday.com/custom/...S&guid={43013341-F5CF-4A57-B0D2-53D29DD5F928}
 
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01/14/2010 - Updated 7:59 AM ET
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Oil futures trade near $80/brl as investors await U.S. data
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded higher Thursday following three days of losses, as investors awaited U.S. data for more clues on the pace of the economic recovery.
Crude oil for February delivery gained 15 cents to $79.80 a barrel in electronic trading on Globex [more]
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B69FF9A16%2DD400%2D412C%2D9609%2D5050628833CC%7D
 
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