Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
Um, Dave, that article's title is "Oil steady after drop in crude stocks"
Where did your title "Oil prices rise on 9/11 Terror attack fears" come from?
Um, Dave, that article's title is "Oil steady after drop in crude stocks"
Where did your title "Oil prices rise on 9/11 Terror attack fears" come from?
They changed the Title later.
That was the title of the article when I posted it.
Try keeping up for a change.
9-7-2007 Oil prices ease from near record levels
The price of New York oil dipped on Friday after coming close to a new all-time high on US supply concerns.
On Thursday it reached 77.43 dollars, which was not far off the record high of 78.77 dollars which was hit on August 1.
"In the coming weeks, if Middle Eastern tensions increase and this coincides with fresh hurricane warnings in the Gulf, it is easy to see Brent crude smashing through the all-time highs," said Bank of Ireland analyst Paul Harris.
The price of New York oil dipped on Friday after coming close to a new all-time high on US supply concerns.
On Thursday it reached 77.43 dollars, which was not far off the record high of 78.77 dollars which was hit on August 1.
"In the coming weeks, if Middle Eastern tensions increase and this coincides with fresh hurricane warnings in the Gulf, it is easy to see Brent crude smashing through the all-time highs," said Bank of Ireland analyst Paul Harris.
Pliablemoose
Lifer
- Oct 11, 1999
- 25,195
- 0
- 56
It's ironic that a Texas oilman is what made another Texas oilman start a false war:
9-10-2007 Texas oilman accused of paying Iraq kickbacks
NEW YORK - Prosecutors promised on Monday to prove that Texas oilman Oscar Wyatt paid millions of dollars in kickbacks to Saddam Hussein's government, earning him a privileged position in Iraq.
Assistant U.S. Attorney Stephen Miller told jurors at opening arguments of Wyatt's trial that prosecutors would present photos, audio tapes, bank records, U.N. records and Iraqi government records proving Wyatt paid kickbacks to win Iraqi oil contracts .
"Oscar Wyatt's years of assistance to the Hussein regime earned him a privileged status in Iraq," Miller said.
Wyatt, an 83-year-old self-made oil tycoon, faces five counts in Manhattan federal court including engaging in prohibited financial transactions with Iraq, deals alleged to have violated the U.N. oil-for-food program designed to provide humanitarian assistance to Iraq while it was under international sanctions.
The oilman, known for his unfettered opinions and flamboyant style, faces a maximum of 74 years in prison if convicted of all charges. After getting his start selling oil drill bits out of the trunk of his car, he founded the Coastal Corp. that was sold to El Paso Corporation for $17 billion in stock in 2000 and 2001.
Defense lawyer Gerald Shargel argued the federal case against Wyatt was "entwined" with his opposition to both U.S.-led wars against Iraq.
Shargel will set out to prove Wyatt was a patriotic American whose advice was sought by nearly every U.S. president from John F. Kennedy to Bill Clinton, but not the Bushes.
Wyatt, a Democrat, was a "friend and confidant" of Republican presidents Richard Nixon and Ronald Reagan, but "he was no friend or admirer of the other two presidents," George H.W. Bush and his son George W. Bush, Shargel said.
"Mr. Wyatt pleaded with the advisers of George H.W. Bush not to go to war and to resolve this peacefully," Shargel said. "There were (peace) talks and negotiations under way that Oscar Wyatt was involved in."
================================================
Here is the real reason we are in Iraq.
Texas oilman Vs Texas oilman.
9-10-2007 Texas oilman accused of paying Iraq kickbacks
NEW YORK - Prosecutors promised on Monday to prove that Texas oilman Oscar Wyatt paid millions of dollars in kickbacks to Saddam Hussein's government, earning him a privileged position in Iraq.
Assistant U.S. Attorney Stephen Miller told jurors at opening arguments of Wyatt's trial that prosecutors would present photos, audio tapes, bank records, U.N. records and Iraqi government records proving Wyatt paid kickbacks to win Iraqi oil contracts .
"Oscar Wyatt's years of assistance to the Hussein regime earned him a privileged status in Iraq," Miller said.
Wyatt, an 83-year-old self-made oil tycoon, faces five counts in Manhattan federal court including engaging in prohibited financial transactions with Iraq, deals alleged to have violated the U.N. oil-for-food program designed to provide humanitarian assistance to Iraq while it was under international sanctions.
The oilman, known for his unfettered opinions and flamboyant style, faces a maximum of 74 years in prison if convicted of all charges. After getting his start selling oil drill bits out of the trunk of his car, he founded the Coastal Corp. that was sold to El Paso Corporation for $17 billion in stock in 2000 and 2001.
Defense lawyer Gerald Shargel argued the federal case against Wyatt was "entwined" with his opposition to both U.S.-led wars against Iraq.
Shargel will set out to prove Wyatt was a patriotic American whose advice was sought by nearly every U.S. president from John F. Kennedy to Bill Clinton, but not the Bushes.
Wyatt, a Democrat, was a "friend and confidant" of Republican presidents Richard Nixon and Ronald Reagan, but "he was no friend or admirer of the other two presidents," George H.W. Bush and his son George W. Bush, Shargel said.
"Mr. Wyatt pleaded with the advisers of George H.W. Bush not to go to war and to resolve this peacefully," Shargel said. "There were (peace) talks and negotiations under way that Oscar Wyatt was involved in."
================================================
Here is the real reason we are in Iraq.
Texas oilman Vs Texas oilman.
But... but... I thought you predicted $5 gallon gas!
I guess $3 is the new $5 in your world, right?
I guess $3 is the new $5 in your world, right?
- Oct 30, 2000
- 42,589
- 5
- 0
We have a new Dave here.
He will no longer bring up the $5 and nor will anyone else.
Those that ignore such guidelines do so at their own posting percentage risk.
Senior Anandtech Moderator
Common Courtesy
He will no longer bring up the $5 and nor will anyone else.
Those that ignore such guidelines do so at their own posting percentage risk.
Senior Anandtech Moderator
Common Courtesy
Though I doubt anyone is truly curious, I can tell you that there are some American citizens that are familiar with what happens when there is no gasoline. I went through Katrina on the Mississippi gulf coast, and I can tell you. It is extremely frightening to sit in a line for 4 hours to get your $20 maximum in gas all the while knowing that in order to get anywhere to buy anything you are going to have to drive several miles, not to mention if you would like to continue to run your generator to have electricity most of that fuel is going to be used there. Revelations like that don't turn you into an SUV hating hippie, but they certainly make you realize that if you don't have a low-fuel consumption alternate vehicle, such as a motorcycle, you are going to end up as part of the problem. It is still very fresh in my mind when I was choosing between having a refrigerator by way of a generator or driving several miles to get supplies (because everything within a 50 mile radius was destroyed).
The truck began to stay in the driveway, and people started to ride together when they went somewhere.
The truck began to stay in the driveway, and people started to ride together when they went somewhere.
Speaking of spin and dodge masters.
Please o mighty ones explain how you claim demand is up, prices at record profits yet now they say taxes are less than expected.
There is an old saying of smells rotten in Denmark:
9-10-2007 Senate OKs $1B to repair US bridges
WASHINGTON - The Senate approved $1 billion on Monday to speed repair and replacement of America's crumbling network of bridges, six weeks after the Interstate 35W span collapsed in Minneapolis.
The Senate approved the funds on a 60-33 vote as the Senate began debate on a $104.6 billion measure funding transportation and housing programs for the budget year beginning Oct. 1.
Our bridges are deteriorating far faster than we can finance their replacement," said Sen. Patty Murray, D-Wash., lead sponsor of the bridge-repair funds. "More than one in every four bridges on U.S. highways is rated as deficient."
If approved, the Democratic plan would boost federal funding next year for bridge repair and replacement by 20 percent, but would barely make a dent in the $65 billion nationwide backlog of bridge repairs identified by the Department of Transportation.
The underlying bill faces a veto threat from President Bush, however, for exceeding his request by $4.4 billion.
The infusion of bridge repair funds would be paid for by tapping the dwindling reserves of the highway trust fund.
Gasoline tax revenues are coming in below estimates and are unlikely to be able to fund highway programs at the levels set forth by the 2005 highway bill
Please o mighty ones explain how you claim demand is up, prices at record profits yet now they say taxes are less than expected.
There is an old saying of smells rotten in Denmark:
9-10-2007 Senate OKs $1B to repair US bridges
WASHINGTON - The Senate approved $1 billion on Monday to speed repair and replacement of America's crumbling network of bridges, six weeks after the Interstate 35W span collapsed in Minneapolis.
The Senate approved the funds on a 60-33 vote as the Senate began debate on a $104.6 billion measure funding transportation and housing programs for the budget year beginning Oct. 1.
Our bridges are deteriorating far faster than we can finance their replacement," said Sen. Patty Murray, D-Wash., lead sponsor of the bridge-repair funds. "More than one in every four bridges on U.S. highways is rated as deficient."
If approved, the Democratic plan would boost federal funding next year for bridge repair and replacement by 20 percent, but would barely make a dent in the $65 billion nationwide backlog of bridge repairs identified by the Department of Transportation.
The underlying bill faces a veto threat from President Bush, however, for exceeding his request by $4.4 billion.
The infusion of bridge repair funds would be paid for by tapping the dwindling reserves of the highway trust fund.
Gasoline tax revenues are coming in below estimates and are unlikely to be able to fund highway programs at the levels set forth by the 2005 highway bill
Incredible breaking news
OPEC to magically come up with 500,000 more barrels of oil a day.
What happened to the fact they couldn't pump anymore to meet demand?
Could it be the Supply & Demand pundits are full of shit?
What happened to Peak Oil?
Could it be all full of shit?
9-11-2007 OPEC Agrees to Boost Crude Output
OPEC agreed late Tuesday to boost its crude output by 500,000 barrels a day starting Nov. 1, in an effort to calm markets worried that supplies could grow tight by the end of the year.
Omar Farouk Ibrahim, spokesman for the Organization of Petroleum Exporting Countries, said the increase would be based on the group's current production -- meaning the 12-nation cartel was adding actual oil to the market.
OPEC to magically come up with 500,000 more barrels of oil a day.
What happened to the fact they couldn't pump anymore to meet demand?
Could it be the Supply & Demand pundits are full of shit?
What happened to Peak Oil?
Could it be all full of shit?
9-11-2007 OPEC Agrees to Boost Crude Output
OPEC agreed late Tuesday to boost its crude output by 500,000 barrels a day starting Nov. 1, in an effort to calm markets worried that supplies could grow tight by the end of the year.
Omar Farouk Ibrahim, spokesman for the Organization of Petroleum Exporting Countries, said the increase would be based on the group's current production -- meaning the 12-nation cartel was adding actual oil to the market.
Another thing.
There has been no shortage of oil. Inventories have been at 5 or more year highs all along.
This whole year it's been the Refineries to blame for being incompetent and rewarded with higher prices because they purposely drew down "summer blends" for example or they took offline multiple planst all at the same time when they needed production the most.
So they can't do shit with an extra 500,000 barrels of oil anyway.
There has been no shortage of oil. Inventories have been at 5 or more year highs all along.
This whole year it's been the Refineries to blame for being incompetent and rewarded with higher prices because they purposely drew down "summer blends" for example or they took offline multiple planst all at the same time when they needed production the most.
So they can't do shit with an extra 500,000 barrels of oil anyway.
9-11-2007 Oil hits new record despite OPEC move
NEW YORK - Oil prices rose to a new record settlement price Tuesday as traders turned their attention to a government inventory report expected to show tight supplies and shrugged off OPEC's decision to boost output.
NEW YORK - Oil prices rose to a new record settlement price Tuesday as traders turned their attention to a government inventory report expected to show tight supplies and shrugged off OPEC's decision to boost output.
Peak oil isn't about supply and the trillions of oil left around, its about demand and the price of the commodity.
Its why if OPEC decides to bump the supply that the price still stays high , cause traders don't think that it will help stop demand and they are speculating that it will rise even higher on disasters, political disruption, Asian and Indian demand, other producers faltering, NorthSea oil, Mexico declining supply, etc
They aren't selling yet.
Its why if OPEC decides to bump the supply that the price still stays high , cause traders don't think that it will help stop demand and they are speculating that it will rise even higher on disasters, political disruption, Asian and Indian demand, other producers faltering, NorthSea oil, Mexico declining supply, etc
They aren't selling yet.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Oil reached a record today. $80/barrel+
yet gas for me is still less than $3 in Northern VA.
Does this mean in a few days it is going to spike to 3.50?
yet gas for me is still less than $3 in Northern VA.
Does this mean in a few days it is going to spike to 3.50?
[/quote]
Also from article:
Oil's runup has perplexed some analysts, who expect demand for oil and petroleum products to cool this fall, said Chip Hodge, energy portfolio manager at John Hancock Financial Securities in Boston.
============================================
Do you see Dave perplexed?
This massive profit gouging will continue until we get a non-oil Company President in Office.
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