Originally posted by: dmcowen674
So how do you explain the 20 - 40 cent rise is Gas prices this week???:roll:
I dont know, gas prices have been stable here...
1-3-2006 Oil rises $2 on speculation
Oil shot $2 higher on Tuesday as big money funds flooded the commodity markets on the first trading day of the new year
"It's the new year and money is spilling over," said Steve Bellino of Fimat USA. "Commodities are in strong demand worldwide, whether it's copper, oil, gold. There are a lot of dollars chasing a limited amount of commodities."
Money managers were a driving force behind rallying energy prices in 2005 as they favored commodities over the less attractive equities market, and appear set to continue bolstering oil prices this year.
==============================
The rich continue to bend over the poor.
Oil shot $2 higher on Tuesday as big money funds flooded the commodity markets on the first trading day of the new year
"It's the new year and money is spilling over," said Steve Bellino of Fimat USA. "Commodities are in strong demand worldwide, whether it's copper, oil, gold. There are a lot of dollars chasing a limited amount of commodities."
Money managers were a driving force behind rallying energy prices in 2005 as they favored commodities over the less attractive equities market, and appear set to continue bolstering oil prices this year.
==============================
The rich continue to bend over the poor.
Stop driving your cars, once the supply of gas grows the prices will come down. We as a nation continue to suck gas down at almost any price.
:shocked::shocked::shocked::shocked::shocked::shocked::shocked::shocked:
But you normally side on the Oil Barons and Republican's side that it is ALL Supply & Demand
How can you all of a sudden call shens on it????????
Guess I should fill up today then. <sigh>
Just when it looked like it might hold under $2/gal we get this and I bet we'll see $2.50/gal this week.
Just when it looked like it might hold under $2/gal we get this and I bet we'll see $2.50/gal this week.
$2.15 - $2.35 according to louisvillegasprices.com (a couple across the river are cheaper but they appear to be anomalies.)
$2.29-2.37 in town here (PA).
I also stick by my prediction of 2.50+ by the end of the month (if not sooner)
Engineer
Elite Member
- Oct 9, 1999
- 39,230
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China and India agree to cooperate on oil hunting.
No link yet: Emir of Kuwait died - just on CNN.
Edit: CNN link added.
No link yet: Emir of Kuwait died - just on CNN.
Edit: CNN link added.
Fear Fear Fear
Never enough of it
1-16-2006 Oil Prices Rise on Concerns About Iran
LONDON - Crude futures rose Monday after another attack on an oil platform in Nigeria and Iran warned that any sanctions imposed over the country's nuclear program could send oil prices even higher.
Royal Dutch Shell PLC said it had evacuated over 300 staffers and contractors from facilities in the Niger Delta. Heavily armed attackers damaged the Benisede oil platform in the Niger Delta and said some of its staff had been injured. The company also said it had begun evacuating personnel from some facilities in the region.
On Wednesday, gunmen attacked Shell's EA platform near the delta coast, seizing a Bulgarian, an American, a British and a Honduran. A major Shell pipeline leading to its Forcados export terminal was blown up the following day.
The company said recent violence has caused its consortium to cut 106,000 barrels in daily crude production. Nigeria is Africa's leading oil exporter and the fifth-biggest source of U.S. oil imports. The country produces about 2.5 million barrels a day.
Analysts also said prices were supported by concerns that the U.N. Security Council will consider sanctions against Iran because of its nuclear program, which the United States says is geared toward acquiring nuclear weapons. Iran maintains that the program will strictly be used to generate electricity.
The major concern is that there is no spare capacity to make up for any drop in oil supply from Iran
======================================
Oh the noes
Never enough of it
1-16-2006 Oil Prices Rise on Concerns About Iran
LONDON - Crude futures rose Monday after another attack on an oil platform in Nigeria and Iran warned that any sanctions imposed over the country's nuclear program could send oil prices even higher.
Royal Dutch Shell PLC said it had evacuated over 300 staffers and contractors from facilities in the Niger Delta. Heavily armed attackers damaged the Benisede oil platform in the Niger Delta and said some of its staff had been injured. The company also said it had begun evacuating personnel from some facilities in the region.
On Wednesday, gunmen attacked Shell's EA platform near the delta coast, seizing a Bulgarian, an American, a British and a Honduran. A major Shell pipeline leading to its Forcados export terminal was blown up the following day.
The company said recent violence has caused its consortium to cut 106,000 barrels in daily crude production. Nigeria is Africa's leading oil exporter and the fifth-biggest source of U.S. oil imports. The country produces about 2.5 million barrels a day.
Analysts also said prices were supported by concerns that the U.N. Security Council will consider sanctions against Iran because of its nuclear program, which the United States says is geared toward acquiring nuclear weapons. Iran maintains that the program will strictly be used to generate electricity.
The major concern is that there is no spare capacity to make up for any drop in oil supply from Iran
======================================
Oh the noes
Can't blame Katrina anymore so new excuse is IRAN.
The American Sheeple expect enjoyingly the coming next excuse. :laugh:
Enjoy
1-21-2006 Oil Prices Soar to Settle at 4 1/2-Month High
Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran's tense diplomatic standoff with the West over its nuclear ambitions.
Labor unrest in oil-rich Nigeria and new threats from al-Qaida contributed to traders' jitters at a time when global petroleum demand is high and the emergency supply cushion is thin, leaving little room in the event of an output disruption.
Analysts said speculative buying by hedge funds and commodity funds also buoyed crude futures, which settled at their highest level since Sept. 1, just days after Hurricane Katrina made landfall.
The fear of new supply disruptions outweighs the knowledge that crude-oil inventory levels are at multiyear highs and that winter temperatures in the U.S. have been above-normal, keeping demand for home-heating fuels low.
The American Sheeple expect enjoyingly the coming next excuse. :laugh:
Enjoy
1-21-2006 Oil Prices Soar to Settle at 4 1/2-Month High
Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran's tense diplomatic standoff with the West over its nuclear ambitions.
Labor unrest in oil-rich Nigeria and new threats from al-Qaida contributed to traders' jitters at a time when global petroleum demand is high and the emergency supply cushion is thin, leaving little room in the event of an output disruption.
Analysts said speculative buying by hedge funds and commodity funds also buoyed crude futures, which settled at their highest level since Sept. 1, just days after Hurricane Katrina made landfall.
The fear of new supply disruptions outweighs the knowledge that crude-oil inventory levels are at multiyear highs and that winter temperatures in the U.S. have been above-normal, keeping demand for home-heating fuels low.
- Oct 30, 2000
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MadRat
Lifer
- Oct 14, 1999
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Nigeria? Isn't that the same country that China just made some major trade agreements with, especially military arms sales?
Iran? Isn't that the other country that China made some major trade agreements with last year, especially military arms sales?
Seems like a trend to me. China made some big investments in Venezuela and Iraq these past five years before that. Could it be China is influencing this whole mess?
Iran? Isn't that the other country that China made some major trade agreements with last year, especially military arms sales?
Seems like a trend to me. China made some big investments in Venezuela and Iraq these past five years before that. Could it be China is influencing this whole mess?
Vic
Elite Member
- Jun 12, 2001
- 50,422
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Shell and Exxon to smash transatlantic profit records
http://www.timesonline.co.uk/article/0,,2095-2014300,00.html
Not a bit of price gouging going on. Nope. Not a bit.
http://www.timesonline.co.uk/article/0,,2095-2014300,00.html
Not a bit of price gouging going on. Nope. Not a bit.
And they still have profit margins under 10%. What kinda profit should an oilcompany. No one has yet to answer this question.
- Oct 30, 2000
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IT is the traders and speculators that are driving up the pice; get rid of them and the media generated fears and whatch the prices meet the supply/demand like waht was done before the Iraq situation.
It is not that there is less fuel on available. it is the fear that there might be an interruption.
As some one once said;
We have nothing to fear except fear itself.
It is not that there is less fuel on available. it is the fear that there might be an interruption.
As some one once said;
We have nothing to fear except fear itself.
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