Oil Slick Stuff

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I bought Gas yesterday @ $2.95 a gallon, it's getting nasty out there!
Inflation is showing it's UGLY HEAD! skull.gif
 
01/14/2011 - Updated 4:10 PM ET
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Crude rises 4% for the week as dollar slumps
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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures finished higher on Friday, gaining 4% for the week, as upbeat earnings lifted investor optimism, helping to offset a round of mixed U.S. economic data and a hike by China of its bank-reserve ratios.
Crude oil for February delivery [CLG11] gained 14 cents to finish at $91.54 a barrel on the New York Mercantile Exchange. It earlier fell more than 1% to trade near $90 a barrel.
The turnaround gave crude a 4% advance from its close of $88.03 last Friday, when it had slumped to a three-week low.http://markets.usatoday.com/custom/...S&guid={B16A9B12-1FE4-11E0-83AC-00212804637C}
 
Reminds me of a guy I knew in the 70s who pulled a 18 foot (not positive but it was long for the day and much longer than the tow vehicle) airstream with a 60s vintage CJ-5. He could never be in a hurry but his bigger problems were keeping it on the road and stopping it. The tail pretty much wagged the dog.
 
nnuut said:
01/18/2011 - Updated 9:29 AM ET
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Crude slips as Alaska pipeline resumes output
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:)
By Nick Godt, MarketWatch

NEW YORK (MarketWatch) — Crude-oil futures fell Tuesday, pressured by the reopening of the Trans-Alaska Pipeline.
Crude oil for February delivery [CLG11] moved down 31 cents to $91.22 a barrel on the New York Mercantile Exchange.http://markets.usatoday.com/custom/...-11E0-A9F3-00212804637C}&loc=interstitialskip
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Imagine how much lower it would go if we drilled for our own oil here!
 
01/18/2011 - Updated 12:24 PM ET
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Crude trims decline on weaker dollar
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures pared their losses Tuesday, trading a tad lower as the dollar weakened and U.S. equities traded mixed.
Crude oil for February delivery [CLG11] declined 3 cents to $91.53 a barrel on the New York Mercantile Exchange. Prices traded slightly higher at times, but the advances were short-lived. Oil traded as low as $90.48 earlier in the session.http://markets.usatoday.com/custom/...S&guid={5391A510-230B-11E0-A9F3-00212804637C}
 
BP and Xom are private companies, producers. The New York Mercantile Exchange (NYMEX): Sweet Light Crude is usually what is used as a Gage for the price of Oil sold in the USA. There are other grades of oil and other suppliers this is the Big Guy.
 
01/19/2011 - Updated 10:49 AM ET
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Crude-oil futures fall as dollar firms
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures turned lower Wednesday as the dollar came off its lows and U.S. equities declined.
Crude oil for February delivery declined 60 cents, or 0.6%, to $90.80 a barrel on the New York Mercantile Exchange. It had earlier traded as high $92.11 a barrel earlier, but started to dip shortly after the stock market opened.
Energy futures had received some support after news that permits for new construction, a gauge of home building, jumped 16.7% in December.http://markets.usatoday.com/custom/...-11E0-A9F3-00212804637C}&loc=interstitialskip
 
alevin said:
Laws of unintended consequences.

http://www.minyanville.com/business...axpayers-boondoggle/1/19/2011/id/32249?page=2

No easy way out, everyone needs energy, everyone needs food. not sure we can grow our way out of this mess soon enough without enough capital investment in non-food based energy sources. Yes Birch, I'm looking at coal stocks at the moment too. coal is dirty, but it doesn't make people starve.
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Let's hear one for Clean Coal Technologies! Now that's something that makes common sense.:)
http://science.howstuffworks.com/environmental/green-science/clean-coal.htm
 
alevin said:
Laws of unintended consequences.

http://www.minyanville.com/business...axpayers-boondoggle/1/19/2011/id/32249?page=2

No easy way out, everyone needs energy, everyone needs food. not sure we can grow our way out of this mess soon enough without enough capital investment in non-food based energy sources. Yes Birch, I'm looking at coal stocks at the moment too. coal is dirty, but it doesn't make people starve.
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Bunk. that whole article is bunk.

We export more corn and corn products than ever before in our history.

We now are sending "dried distiller's grain", a by product of corn, as a major export product around the world. That DDG is MADE FROM THE CORN USED FOR ETHNAOL, which then produces DDG. The only thing used for ethanol is the starch. The remainder is made into cattle/pig/chicken feed and sold to farmers around the world for feed.

Never before in history have we produced as much corn as we do now, and never before as efficiently. We meet the world's demand ust fine, thank you.

As for subsidies- demand on corn means the price is high enough now that we no longer have to pay farm subsidies to corn growners like we did for decades.

No- sorry, but that story is simply flat out wrong.
 
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