Oil Slick Stuff

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This is all part of the Administration's PLAN! STUPID!:nuts:

High Oil Prices and the Investor's Strategies
April 7, 2011
The ongoing rise in oil prices shows no sign of letting up. John Lekas, manager of the Leader Total Return fund, says he expects crude to approach the range of $200 a barrel this year, and he discusses the consequences for investors and the world economy. Interview by MarketWatch's Jonathan Burton.
Video::sick:
http://www.marketwatch.com/video/as...orebell#!C7B30950-C457-4BD8-BA3E-BB79368B8981
 
April 8, 2011, 1:55 p.m. EDT
Crude oil rallies past $112 a barrel

Gains extend on uncertainty tied to possible government shutdown

By Claudia Assis , MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures advanced nearly 2% Friday, trading at a 30-month high and above $112 a barrel as the dollar sank and investors worried about deadly Middle East protests and an oil-field blaze in Libya.
http://www.marketwatch.com/story/crude-oil-rallies-to-almost-112-a-barrel-2011-04-08
 
That's the Canadians and the Mexicans partying, not the Arabs! Well, maybe the ones in Saudi Arabia (#3 source). I'm more worried that we are getting some oil from Venezuela (#4), Nigeria's next. Really, not as many Arab countries in the top 15 as you would think.

http://www.eia.doe.gov/pub/oil_gas/...ons/company_level_imports/current/import.html

And if we had a less dopey idea about what to do with spent fuel rods in this country, I would be a lot more comfortable with nuclear than I am now. The swimming pool idea is a really bad one.
 
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Debate stirred over 1st major US tar sands mine​

The Bureau of Land Management says Utah has an estimated 12 to 19 billion barrels of oil buried in its tar sands, mostly in the eastern part of the state..

Unconventional oil — petroleum in any form other than fluid — has been eyed by the industry for years but largely considered not economically viable until recently. The major source of unconventional oil in the U.S. is shale, rock with all the necessary ingredients that wasn't buried under the right conditions to produce oil. But it's all getting a fresh look now as the untapped reserves are being seen as part of the future of domestic supplies.
And while companies are still determining whether shale production makes economic sense, Canada's booming oil sands industry has eyebrows raised and wallets open. Generally, oil from oil sand costs roughly $20 a barrel to produce, about a few dollars more than pumping liquid oil.
The initial Utah mine would be Earth Energy's first commercial effort at extracting oil from sands. It's unclear why the company chose Utah instead of staying closer to home where oil sands are bountiful. The company declined to say, but officials insist the project won't pollute anything and will leave Utah's oil sands as clean as beach sand after processing with a citrus-based solvent.
"We are insuring that we won't pollute by complying with the regulations and as indicated with the project being approved," said company CFO Glen Snarr.

http://news.yahoo.com/s/ap/20110410/ap_on_bi_ge/us_oil_sands
 
04/11/2011 - Updated 10:20 AM ET
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Oil lower moves back toward $112 a barrel
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By Claudia Assis, MarketWatch & Virginia Harrison, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell from a 30-month high Monday on a possible peace agreement in Libya and as the U.S. dollar traded stronger.
Light, sweet crude for May delivery [CLK11] declined 72 cents, or 0.6%, to $112.08 a barrel on the New York Mercantile Exchange. It had moved as low as $111.53 in electronic trading.
Oil closed at its best since September 2008 on Friday, rising by 2.3% on the session and by 4.5% for the week.
http://markets.usatoday.com/custom/...S&guid={CB28BC7E-63F4-11E0-BBB0-00212804637C}
 
Down to $110?
04/11/2011 - Updated 11:37 AM ET
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Oil slips back to $112 a barrel
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By Claudia Assis, MarketWatch & Virginia Harrison, MarketWatch

SAN FRANCISCO (MarketWatch) — Crude-oil futures fell from a 30-month high Monday after reports of a possible peace agreement in Libya and as the U.S. dollar strengthened.
Light, sweet crude for May delivery [CLK11] declined 58 cents, or 0.5%, to $112.20 a barrel on the New York Mercantile Exchange. It had fallen as low as $111.53 in electronic trading.Oil closed at its highest since September 2008 on Friday, rising 2.3% on the session and 4.5% for the week. http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BCB28BC7E%2D63F4%2D11E0%2DBBB0%2D00212804637C%7D
 
April 12, 2011, 9:50 a.m. EDT
Oil futures lose more ground, tap low under $107

By Myra P. Saefong

SAN FRANCISCO (MarketWatch) -- Crude-oil futures lost more ground in early New York trading Tuesday, with the front-month contract touching a low of $106.95 a barrel as traders mulled the prospects for global demand. Crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 107.43, -2.49, -2.27%) was last down $2.60 at $107.33 on the New York Mercantile Exchange.
http://www.marketwatch.com/story/oil-futures-lose-more-ground-tap-low-under-107-2011-04-12
 
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