Oil Slick Stuff

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02/17/2010 - Updated 11:26 AM ET
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Crude futures fall back under $77 a barrel as dollar gains American Petroleum Institute is due to report inventory data this afternoon
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By Kate Gibson, MarketWatch & Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Oil futures turned lower on Wednesday as the dollar gained strength, halting a run that had pushed prices above $77 a barrel for a second day.
Oil is traded in dollars, so a stronger U.S. currency makes the commodity more expensive for foreign investors.
The dollar index [$DXY] , which contrasts the greenback against six currency rivals, was lately up 0.7% at 80.22.
http://markets.usatoday.com/custom/...S&guid={ABBB60A4-54CA-4053-A2CB-0A3033F5207A}
 
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Somethings' fishy --yesterday and today on gasoline RBOB spot prices. They've ticked up 8 cents now in less than 24 hours.

I haven't seen the inventory data but the prices aren't consistent between NYMEX, Gulf Coast, and CBOT- they're all over the place today.

What's up with that? Why RBOT jumps 8 cents?
 
James48843 said:
Somethings' fishy --yesterday and today on gasoline RBOB spot prices. They've ticked up 8 cents now in less than 24 hours.

I haven't seen the inventory data but the prices aren't consistent between NYMEX, Gulf Coast, and CBOT- they're all over the place today.

What's up with that? Why RBOT jumps 8 cents?
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Greed my friend, pure and simple frickin GREED!!:mad:

Gas jumped overnight from $2.23 to $2.39
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Dollar is UP +0.715 (+0.92%) it's supposed to be the other way around!!:confused:
 
It's about time!! We only need about 100 of these things!:nuts:

US to build two new nuclear power stations

President Barack Obama said the project would create thousands of jobs

President Barack Obama has announced more than $8bn (£5bn) of federal loan guarantees to begin building the first US nuclear power stations for 30 years. Two new plants are to be constructed in the state of Georgia by US electricity firm Southern Company.
Mr Obama said the plants would be "safe and clean" and were needed to meet the country's future energy needs.
http://news.bbc.co.uk/2/hi/business/8518670.stm
 
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nnuut said:
It's about time!! We only need about 100 of these things!:nuts:

US to build two new nuclear power stations
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And.....Jack Bauer will soon have a few Nuclear Power Rods to donate as soon as he finds them...:rolleyes::D
 
The only problem with the Nuclear proposal is they still haven't figured out what to do with the waste. And no, trucking it to Nevada is NOT a good idea with most of the plants on the East coast.

We need to bring back the "one on each coast" original plan for nuclear waste. Of course we know what the next question is, where on the East Coast? But if we don't think about that now, we are not taking Nuclear power seriously, this swimming pool thing is also a big time security risk, and not long term enough.
 
Bill is a Lib, but really smart and RIGHT on this one!! IMHO:D

Bill Gates and the 'nuclear Renaissance'

By John D. Sutter, CNN
February 17, 2010 12:33 p.m. EST

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Bill Gates is backing a new kind of nuclear power plant. But some question the plan's viability.




(CNN) -- Say you were to give Bill Gates a really great present -- like the ability to cure crippling diseases or to pick all U.S. presidents for the next 50 years.
Gates would like those gifts, sure.
But you wouldn't have granted his one, true wish.
http://www.cnn.com/2010/TECH/02/17/bill.gates.nuclear/index.html?hpt=C1
 
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Buster said:
Hi there again...
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I think you can only take money out of your TSP as a loan with payback interest, but any other way would incure substantial penalties for early withdrawl until age 59.5....And I hate that when that happens....However, I could be wrong, there may be another way I'm not aware of..perhaps we'll both be enlightened by one of our TSP experts soon.

Good day my dear...
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Well....I am old but not that old but almost oh dear..... I had to retire on disability retirement so I qualify to take funds out though I do not want to. Of course, if it would be smart for me to do so and reinvest in something else like a ROTH then maybe I should. I will have to talk to my accountant I suppose. For now I will just leave things be.
 
TerraPower: How The Traveling Wave Nuclear Reactor Works

By Katie Fehrenbacher

Posted February 15th, 2010 at 10:28 am in clean power

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When Microsoft Chairman and billionaire philanthropist Bill Gates mentioned TerraPower in his speech at the exclusive tech conference TED last week, it was the first time that many had heard of the nuclear project. I was monitoring Twitter during Gates’ talk and many audience members at TED tweeted wondering why “TerraPower” was getting special attention in a speech from one of the most famous computer technologists of all time. [more]
http://earth2tech.com/2010/02/15/terrapower-how-the-travelling-wave-nuclear-reactor-works/
 
So...Bill Gates wants nuclear power?

Maybe he just wants control rods and cooling systems powered by Vista.

Do you think it gives new meaning to "the blue screen of death"?
 
Of course!!
Not surprisingly, with its Microsoft connection, TerraPower has leaned heavily on supercomputing to design and model the reactor and the lifecycle of the fuel. The TerraPower team is using “1,024 Xeon core processors assembled on 128 blade servers,” which is a cluster that is “over 1000 times the computational ability as a desktop computer.” On Intellectual Venture’s site, they explain the importance of computer modelling as:
Extensive computer simulations and engineering studies produced new evidence that a wave of fission moving slowly through a fuel core could generate a billion watts of electricity continuously for well over 50 to 100 years without enrichment or reprocessing. http://earth2tech.com/2010/02/15/terrapower-how-the-travelling-wave-nuclear-reactor-works/
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02/18/2010 - Updated 9:14 AM ET
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Oil futures fall on expected rise in supplies, economic data Energy Information Administration will report inventory data on Thursday
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures fell below $77 a barrel on Thursday, as a rise in weekly jobless claims and expectations of an increase in U.S. crude inventories weighed on sentiment.
Crude oil for March delivery dropped 50 cents to $76.83 a barrel in electronic trading on Globex. The contract earlier fell to an intraday low of $76.32.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B0124C3DF%2DF3B8%2D4ED1%2DA826%2D3922B4376F35%7D
 
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Market Update

11:00 am : Stocks recently rolled after they had staged a modest rally on the back of a drop in the dollar, but they have since rebounded to trade with a modest gain.
Energy stocks (-0.3%) continue to lag, but that is primarily due to some disappointing earnings reports out of the group. That has overshadowed stronger oil prices, which were last quoted at $78.05 per barrel, up 0.9%. The increase in oil prices comes even though the latest weekly inventory report showed that crude oil increased by 3.085 million barrels, which is far more than the consensus call for a build of 1.725 million barrels. The inventory report is typically released on Wednesdays, but this week's report had been postponed due to observance of Presidents Day this past Monday. DJ30 +22.83 NASDAQ +4.19 SP500 +2.15 NASDAQ Adv/
http://finance.yahoo.com/marketupdate/overview?u
 
The Dollar is lower which should make Gas and Oil prices rise, but inventories are higher which should lower prices. Along with disappointing earnings in Energy Stocks this should be a fight, right now higher prices are winning!:sick:
 
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