"Iraq will be a combat zone for some time."

[BOBDN]

PETROLEUM ($/bbl)
PRICE* CHANGE % CHANGE TIME
Nymex Crude 30.65 -0.86 -2.73 06/13
IPE Crude 26.39 -0.83 -3.05 06/13
Dated Brent $ 27.26 -0.66 -2.36 06/13
WTI Cushing $ 30.65 -0.86 -2.73 06/13


PETROLEUM (¢/gal)
PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil 74.22 -2.2 -2.88 06/13
Nymex Gasoline 85.87 -3.18 -3.57 06/13


NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub 5.68 0.07 1.23 06/13
Henry Hub $ 5.44 -0.44 -7.48 06/13
Chicago City Gate $ 5.39 -0.49 -8.33 06/13



ELECTRICITY ($/megawatt hour)
PRICE* CHANGE % CHANGE TIME
COB, firm on-peak $ 27.5 3.5 14.58 06/13
Palo Verde, firm on-peak $ 50.31 8.85 21.35 06/13
Cinergy, firm on-peak $ 26.91 0.63 2.4 06/1


You can see from the Bloomberg futures prices above crude dropped $2.73 from a recent high of $33.38. My car is a four cylinder that gets about 28 MPG. Still I hope this trend continues. But there are now "geopolitical" forces to consider.

 

[charrison]

Originally posted by: BOBDN
Wag
Golden Member

Posts: 1120
Joined: Jul 2000
06/13/2003 11:25 AM (NEW!)


Of course the US got alot out of this. They now have a strategic place in the Middle East to put as many military bases they want. There's your "real purpose".

Reply Quote Top Bottom Edit





Alistar7
Diamond Member

Posts: 4034
Joined: May 2002
06/13/2003 1:42 PM (NEW!)



Quote

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Originally posted by: Czar
kinda like Afghanistan
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yeah it sucks to be a girl there, now they have to go to school again and can actually recieve medical care.........


oil at a new high? gas prices here in SC have been stable, still around 1.25 a gallon, where they fell as soon as the war ended, meaning Haliburton is making even less money per barrel than before the war with Iraq......

Edited: 06/13/2003 at 1:42 PM by Alistar7




I would agree a stronghold in the middle east was a goal, although a rather imperialist goal.

As for being a girl there I wouldn't know. I haven't been there. I did however read that Iraq was a secular state. Not an Islamic state like Iran. Perhaps you confused the two. I also read that Iraq had free education. And healthcare.

Although the gas prices in your neighborhood I read just yesterday per bbl oil prices are at their highest level this year.
Maybe the oil companies got their lag time reversed.

Or maybe it is because OPEC has limited production rates.

 

[LunarRay]

BOB,
You can see from the Bloomberg futures prices above crude dropped $2.73 from a recent high of $33.38. My car is a four cylinder that gets about 28 MPG. Still I hope this trend continues. But there are now "geopolitical" forces to consider.


We've got a pretty good hold on OPEC at the moment but, if the dollar keeps losing ground against the EURO... you might consider a motor cycle engine... 2 cyl.