Oil Slick Stuff

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03/26/2010 - Updated 8:01 AM ET
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Crude futures gain as dollar falls vs. rivals on Greek aid plan Investors are awaiting data on U.S. consumer sentiment and fourth-quarter GDP
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose on Friday, as the euro advanced against the dollar after a contingency plan to help debt-laden Greece was agreed by European leaders, buoying commodity prices.
Crude oil for May delivery gained 76 cents, or 0.9%, to $81.29 a barrel in electronic trading on Globex. The contract finished marginally lower on Thursday.
http://markets.usatoday.com/custom/...S&guid={46FF521F-CF15-413D-97C0-4B8549264C7F}
 
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03/26/2010 - Updated 11:09 AM ET
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Crude futures fluctuate in volatile session Prices seesaw as traders weigh dollar, expectations of weaker demand
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By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures swung lower Friday, as concerns about economic recovery -- and with it, energy demand -- tempered earlier gains arising from a slight advance in the euro against the dollar.
Crude for May delivery lost 23 cents, or 0.3%, to $80.31 a barrel in electronic trading on Globex.
http://markets.usatoday.com/custom/...S&guid={46FF521F-CF15-413D-97C0-4B8549264C7F}
 
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Oil above $80 as Traders look to US Jobs
Alex Kennedy, Associated Press Writer,
On Monday March 29, 2010,
4:23 am EDT


SINGAPORE (AP) -- Oil prices rose above $80 a barrel Monday in Asia as investors look to a key U.S. jobs report later this week for clues about the outlook for consumer spending.

Benchmark crude for May delivery was up 64 cents to $80.64 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 53 cents to settle at $80 on Friday.

Oil has drifted in the low $80s for two weeks as investors mull whether slack crude demand from the U.S. and Europe justify higher prices.

The Labor Department is scheduled to announce March employment data on Friday, and forecasters expect the unemployment rate to remain at 9.7 percent, despite an increase of about 200,000 jobs.

"The U.S. and Europe still have horrible unemployment situations," Sander Capital said in a report. "Oil should keep in a range between $77 and $82."

In other Nymex trading in April contracts, heating oil rose 1.63 cents to $2.086 a gallon, and gasoline gained 0.78 cent to $2.215 a gallon. Natural gas fell 2 cents to $3.852 per 1,000 cubic feet.
 
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03/29/2010 - Updated 11:42 AM ET
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Crude rises as dollar weaker, market sentiment grows more positive
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By Nick Godt, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude oil futures rose more than 3% Monday, breaking out of a three-session losing streak as the dollar weakened against the euro and investors grew more optimistic about the economic recovery.
Crude oil for May delivery, the most active contract, gained $2.56, or 3.2%, to $82.58 a barrel in electronic trade.
http://markets.usatoday.com/custom/...S&guid={5DD0B7EF-C8CC-45B9-BD4A-3B395CF04123}
 
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03/30/2010 - Updated 6:52 AM ET
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Oil futures trade flat ahead of inventory, economic data American Petroleum Institute will release data on petroleum inventories
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures traded little changed above $82 a barrel on Tuesday, as traders awaited data expected to show a rise in U.S. crude inventories.
Crude oil for May delivery fell 2 cents to $82.15 a barrel in electronic trading on Globex. The contract had earlier hit an intraday high of $82.75.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B2A99A1BB%2DA55C%2D43A7%2D91E7%2D2DCF9094FCA8%7D&loc=interstitialskip
 
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Obama to permit oil exploration off Virginia coast

By Steve Holland


WASHINGTON (Reuters) – President Barack Obama is to announce on Wednesday a plan to permit exploration for oil and natural gas off the coast of Virginia as a way to create jobs and reduce U.S. dependence on foreign oil.

Obama, who wants Congress to move a stalled climate change bill, has sought to reach out to Republicans by signaling he is open to allowing offshore drilling, providing coastlines are protected.


More: http://news.yahoo.com/s/nm/20100331/us_nm/us_usa_oil_drilling/
 
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DRILL, DRILL, DRILL:D that's a start now how about the rest that is still locked up?
 
03/31/2010 - Updated 8:56 AM ET
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Crude futures rise for third session as dollar falls vs. rivals U.S. government will report data on petroleum inventories later on Wednesday
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures rose above $83 a barrel on Wednesday, gaining for a third session, as a smaller-than-expected build in crude inventories and the U.S. dollar's drop against other currencies buoyed sentiment.
Crude oil for May delivery gained 68 cents, or 0.8%, to $83.05 a barrel in electronic trading on Globex. The contract earlier hit an intraday high of $83.51 a barrel.
http://markets.usatoday.com/custom/...-4327-B53D-B2B54B1645AB}&loc=interstitialskip
 
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This should have been done FULL SCALE 1 1/2 years ago, but NO NO NO DRILL, DRILL, DRILL, what about Alaska, Florida and off of the West Coast? Something stinks here???? skunk.gif

Offshore Drilling Plan Covers Expansion, Conservation - Salazar
Dow Jones Newswires
|
Wednesday, March 31, 2010




Interior Chief Ken Salazar​




(Dow Jones), Mar. 31, 2010
U.S. Interior Secretary Kenneth Salazar Wednesday said the Obama administration's new proposal allowing for an expansion in offshore oil and natural gas exploration provides both needed development of those resources and conservation protections -- notably in Alaska.
In an interview on CNBC, Salazar said the plan would result in additional production, but didn't elaborate or provide a time-frame.
http://www.rigzone.com/news/article.asp?a_id=90321&hmpn=1
 
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OMSA Applauds Efforts to Expand Offshore Energy
OMSA
|
Wednesday, March 31, 2010

The Offshore Marine Service Association (OMSA), the association representing the owners and operators of the U.S. Flag supply vessels that support offshore energy, has issued the following statement on today's announcement by the Obama Administration to increase offshore energy production from oil, gas or renewable sources:


http://www.rigzone.com/news/article.asp?a_id=90316&hmpn=1
 
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03/31/2010 - Updated 11:18 AM ET
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Crude futures trims gains following inventories report U.S. government reports petroleum inventories increased by 2.9 million barrels
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By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil futures dipped below $83 a barrel on Wednesday, paring gains following a U.S. government report showing a build in crude inventories largely in line with expectations.
A weaker dollar and improved sentiment on oil prices helped support crude.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B7637D8AE%2D9C72%2D4327%2DB53D%2DB2B54B1645AB%7D
 
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I believe there are other motives involved in this action. It probably won't go anywhere as far as really Drilling for oil for at least 2 years, the truth will come out shortly!:cool:
How do you spell TAX AND TRADE?:nuts:​


March 31, 2010 10:33 AM EDT by John Stossel​


Today, the President is set to announce his new energy plan which includes allowing oil drilling off Virginia’s shoreline – a reversal of a long-standing ban on most offshore drilling:
White House officials pitched the changes as ways to reduce U.S. reliance on foreign oil and create jobs -- both politically popular ideas -- but the president's decisions also could help secure support for a climate change bill languishing in Congress.​



 
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nnuut said:
This should have been done FULL SCALE 1 1/2 years ago, but NO NO NO DRILL, DRILL, DRILL, what about Alaska, Florida and off of the West Coast? Something stinks here???? View attachment 8824

Offshore Drilling Plan Covers Expansion, Conservation - Salazar
Dow Jones Newswires
|
Wednesday, March 31, 2010






Interior Chief Ken Salazar​






(Dow Jones), Mar. 31, 2010
U.S. Interior Secretary Kenneth Salazar Wednesday said the Obama administration's new proposal allowing for an expansion in offshore oil and natural gas exploration provides both needed development of those resources and conservation protections -- notably in Alaska.
In an interview on CNBC, Salazar said the plan would result in additional production, but didn't elaborate or provide a time-frame.
http://www.rigzone.com/news/article.asp?a_id=90321&hmpn=1
Click to expand...

Excluding Alaska is likely Obama's payback, aimed at Sarah Palin and her former supporters.​

" The plan modifies a ban that for more than 20 years has limited drilling along coastal areas other than the Gulf of Mexico. It allows new oil drilling off Virginia's shoreline and considers it for a large chunk of the Atlantic seaboard. At the same time, he's rejecting some new drilling sites that had been planned in Alaska. "​


http://www.washingtonexaminer.com/l...oil-drilling-off-virginia-coast-89578442.html
 
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