Oil Slick Stuff

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Yep I like it too!! You never know when the Dems in the Senate may come to their sences it could be now?
 
May 12, 2011, 5:28 p.m. EDT
How flooding could hurt Louisiana refineries

Plants likely to stay open, but may face supply, distribution problems

By Steve Gelsi and Russ Britt, MarketWatch
NEW YORK (MarketWatch) — Mississippi River flooding isn’t expected to shut down Louisiana’s petroleum complex, but the nine refineries that represent some 13.7% of U.S. capacity may face problems obtaining crude and shipping finished products, energy experts said Thursday. http://www.marketwatch.com/story/flood-may-challenge-oil-gasoline-network-2011-05-12?dist=afterbell
 
"Bingo fuel" is a military term meaning you've run down to the last fuel and must now head home before you totally run out.


Today, in my car, I hit "Bingo fuel".


Then, I opened my wallet to discover that after the last fill up, that today I also was at "Bingo cash".




Ouch.

car-save-gas-lg.jpg

 
James48843 said:
"Bingo fuel" is a military term meaning you've run down to the last fuel and must now head home before you totally run out.


Today, in my car, I hit "Bingo fuel".


Then, I opened my wallet to discover that after the last fill up, that today I also was at "Bingo cash".




Ouch.

car-save-gas-lg.jpg
Click to expand...
I just hope the American People are at "Bingo Hope and Change!" :D
 
Oil falls as the dollar strengthens

Oil lower as dollar rises and threat to refineries from Mississippi flooding eases



Sandy Shore, AP Business Writer, On Friday May 13, 2011, 12:11 pm EDT

Oil fell on Friday as the dollar rose and concerns eased that refinery operations could be disrupted by Mississippi River flooding.
Benchmark crude for June delivery lost $1.67 at $97.30 per barrel in midday trading on the New York Mercantile Exchange after topping $100 a barrel earlier in the day. Oil has been volatile this week, ranging from $95 to $104 a barrel.
Meanwhile, drivers are paying about the same for gasoline as a week ago, with the national average at $3.982 a gallon, according to AAA, Wright Express and the Oil Price Information Service. Motorists in 15 states and the District of Columbia pay more than $4 a gallon. The price is 17.4 cents more than it was a month ago and $1.092 more than a year ago.
Many analysts think pump prices will fall to around $3.50 a gallon or less by Memorial Day, as refineries sidelined by maintenance and temporary outages produce more gas and oil prices retreat. http://finance.yahoo.com/news/Oil-f...47.html?x=0&sec=topStories&pos=2&asset=&ccode=
 
I suppose late action is better than NO action?:nuts: What NO New Leases, too little too late?

Obama Announces Steps to Ramp Up U.S. Oil Production


Published May 14, 2011
| Associated Press


AP
May 12: President Barack Obama, accompanied by National Association of Police Organizations (NAOP) President Thomas J. Nee, speaks in the Rose Garden of the White House during a ceremony to honor the NAOP, TOP COPS.

WASHINGTON -- Facing continued public unhappiness over gas prices, President Barack Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska.
Obama said Saturday that the measures "make good sense" and will help reduce U.S. consumption of imported oil in the long term. But he acknowledged anew that they won't help to immediately bring down gasoline prices topping $4 a gallon in many parts of the country.
His announcement followed passage in the Republican-controlled House of three bills -- including two this week -- that would expand and speed up offshore oil and gas drilling. Republicans say the bills are aimed at easing gasoline costs, but they also acknowledge that won't be immediate.
The White House had announced its opposition to all three bills, which are unlikely to pass the Democratic-controlled Senate, saying the measures would undercut safety reviews and open environmentally sensitive areas to new drilling.
But Obama is adopting some of the bills' provisions

Read more: http://www.foxnews.com/politics/2011/05/14/obama-announces-steps-ramp-oil-production/#ixzz1MKbPwZgq
 
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