Oil Price Watch

Doc Savage

Hero Member

Posts: 620

The Man of Bronze

Re: Oil Price Watch

« Reply #3480 on: October 27, 2009, 07:11:19 AM »

MUHAHAHAHA!
My brother is in denial about peak oil, bet him a 6 pack of the finest beer we can find that oil will reach 100$ by April.


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What do you mean "your're crazy"? Tinfoil hats are so in right now.

akaskip

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Posts: 1666

Re: Oil Price Watch

« Reply #3481 on: November 04, 2009, 10:40:23 AM »

Oil is back up to $80.00, the markets are up, gold and silver up, the US dollar down.
It's at the point that you can check the USD index first and if it's down, 9 1/2 times out of 10 everything else is up.


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jcs44

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Posts: 849

Uh, huh-huh-huh..."Hero MEMBER". Huh-huh-huh..

Re: Oil Price Watch

« Reply #3482 on: November 04, 2009, 10:59:06 AM »

The DOE's were just released for this week and actually showed a draw on crude, DSL, & gasoline stocks. This combined with the USD being down almost 0.7% today should make for an interesting finish on today's SPOT markets. Look for prices to at least hold and possibly close up with some solid gains.


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"Death smiles at us all. All a man can do is smile back." - Maximus -(Gladiator)

Bill Hicks

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Posts: 3391

Go back to bed. Your government is in control.

Re: Oil Price Watch

« Reply #3483 on: November 04, 2009, 12:57:14 PM »

80.39

Funny how having it over $80 no longer even rates much of a story in the MSM anymore.

The closest gas station to my office is currently selling premium for $3.07. It's been creeping up for weeks now.


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"You can't stop what's coming. It ain't all waiting on you. That's vanity."

No Country for Old Men

akaskip

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Posts: 1666

Re: Oil Price Watch

« Reply #3484 on: November 04, 2009, 01:09:21 PM »

Quote from: Bill Hicks on November 04, 2009, 12:57:14 PM

The higher gas prices seem to wake most up anymore, the average Joe is like shi# here we go again, my son tells me diesel has shot up again, not sure of the average price? and i saw wholesale heating oil has been over $2.00 a gallon for some time now, it's gonna suck if you heat with oil this winter especially if you live in the North and N. East, think i'll go put another log on the fire Grin


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jcs44

Hero Member

Posts: 849

Uh, huh-huh-huh..."Hero MEMBER". Huh-huh-huh..

Re: Oil Price Watch

« Reply #3485 on: November 04, 2009, 04:54:54 PM »

Well, the gains on the SPOT market today turned out to be a nonevent. Nothing up more than a penny and a half, despite the dollar dropping 0.82% today. I'm kind of baffled at this- a draw on stocks and a dollar drop usually gets us some pretty big gains. Huh


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"Death smiles at us all. All a man can do is smile back." - Maximus -(Gladiator)

graveday

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Posts: 4536

Re: Oil Price Watch

« Reply #3486 on: November 04, 2009, 10:17:44 PM »

jcs44, all I can say is what is under your avatar. A bunch of huhs. Apparently nothing is as it seems, and once you think you have it, the rules change, and there are no rules anyway.


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One can do what one wants, but one can't want what one wants---Schopenauer

shaleoh2

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Posts: 2431

oil and gas production will soon decline

Re: Oil Price Watch

« Reply #3487 on: November 04, 2009, 10:25:22 PM »

This cheap oil is like old inventory that is suddenly worth a lot more. So, here is where the orange juice analogy stops. A more appropriate metaphor is beachfront property in Hawaii. Forty years ago such property was plentiful and cheap. Today it’s harder to find, in much greater demand, and therefore worth multiples more.

peace

..........sells but who's buyin


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lives and economy are entirely dependent on fossil fuel
((( is this too bold? )))
It would be an enormous oversimplification to say that oil price 'caused' the world recession,
but the fact that the price spike and the economic crisis occurred at the same time is hardly meaningless coincidence.

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