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Rationalize This...

 
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Henry



Joined: 03 Apr 2001
Posts: 2878
Location: NYC

PostPosted: Tue Apr 11, 2006 10:31 am    Post subject: Rationalize This... Reply with quote

By MADLEN READ
The Associated Press
Tuesday, April 11, 2006; 11:02 AM

NEW YORK -- Oil prices rose above $69 a barrel Tuesday amid concerns that Iran's nuclear standoff and violence in Nigeria could hurt supplies, as well as interest in a new fund which allows individual investors to participate in the energy markets.

Light, sweet crude for May delivery rose 36 cents to $69.10 a barrel on the New York Mercantile Exchange in morning trading, after rising to a new seven-month intraday high of $69.45 earlier. The contract had risen $1.35 to settle at $68.74 on Monday.
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idanity



Joined: 21 May 2005
Posts: 3097
Location: N.W.U.S.A.

PostPosted: Tue Apr 11, 2006 10:41 am    Post subject: Reply with quote

not to change the topic,
but
thinking about the nuclear weapon problems were all facing more and more.

w/it being soo much nmore accesible now..

is gasoline still useable if its radioactive?

b.c i am wondering if i should invest in electric generators for my car?
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bluefury



Joined: 01 Oct 2002
Posts: 757
Location: DFW Texas

PostPosted: Tue Apr 11, 2006 12:25 pm    Post subject: Reply with quote

Exxon's CEO tripped over his shoelace... Prices rose to $71 a barrel due to possible supply disruptions as a result. Rolling Eyes Rolling Eyes
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Henry



Joined: 03 Apr 2001
Posts: 2878
Location: NYC

PostPosted: Tue Apr 11, 2006 6:35 pm    Post subject: Reply with quote

You want more..here's more.

http://www.washingtonpost.com/wp-dyn/content/article/2006/04/11/AR2006041100571.html

It gets worse after paragaph 1.

Higher Gas Prices Predicted This Spring
By Bill Brubaker
Washington Post Staff Writer
Tuesday, April 11, 2006; 3:45 PM

Gas prices will be higher this spring and summer than last year, and news of any developing hurricanes and tropical storms could send them rising more late this summer, a federal government report said today.


Or...from the same article: "Some analysts said the Energy Department's April-through-September forecast could be too low given that gasoline prices are already at the predicted level and, as the department's analysts noted, there are still risks of new hurricanes and political strife."


...hence worse(r)
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Henry



Joined: 03 Apr 2001
Posts: 2878
Location: NYC

PostPosted: Tue Apr 18, 2006 3:14 am    Post subject: Reply with quote

eyetolduso

...s-t-o-p the p-r-e-s-s-s


..."Oil hits record above $72 on Iran fears
By Janet McBride
Reuters
Tuesday, April 18, 2006; 3:34 PM

LONDON (Reuters) - Oil hit a record $72.64 a barrel on Tuesday as Iran defied world pressure to halt its nuclear program, raising new fears of a cut in supplies from the world's fourth-biggest crude exporter."

And don't ever say you hadn't a clue. Or a raison du jour*. Or a choice.
And remember Natural Gas costs...And remember that 80% of Natural Gas is from Domestic Wells. (I'm just thinking of next winter...when that first Snoflake falls...ah, the purity and sanctity of that blessed, heavenly Snoflake...). Hey, snow falls. Some ski, some ice skate and some melt. Just remember...most natural gas used here comes outta Our ground. Think about it when you want to blame someone or find that certain reason.

Of course, if you are so fortunate as to realized a 100% pay increase in the past 20 months to cover the $35 or so up to $72 or so then this is of no interest.

*that's French, oh excuse me...whoops...Freedom...for "Reason of the Day"


http://www.nytimes.com/2006/04/18/business/18place.html?th&emc=th

Market Place
Benchmark Unsought: Oil Over $70
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By JAD MOUAWAD
Published: April 18, 2006
Oil futures prices surged to a record yesterday, settling above $70 a barrel amid concern over Iran's nuclear program and continuing shortages in production in Nigeria.


Mary Altaffer/Associated Press
Oil futures traders at the New York Mercantile Exchange yesterday.
Crude oil for May delivery rose $1.08, to $70.40 a barrel, the highest level at the end of a trading session since the contract was introduced on the exchange in March 1983. The price was short of an intraday high of $70.85 a barrel touched on Aug. 30, after Hurricane Katrina shut down production in the Gulf of Mexico.

The price of crude oil has translated into high retail gasoline prices for drivers even before the summer spike in demand. Across the country, regular gasoline now averages $2.78 a gallon, 24 percent more than at this time last year, according to AAA, the national consumer automotive group. In some regions, service stations are posting prices above $3 a gallon, and most analysts expect further increases in coming months.


Last edited by Henry on Tue Apr 18, 2006 5:10 pm; edited 3 times in total
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tncean



Joined: 26 Feb 2005
Posts: 1652
Location: Chattanooga, Tn.

PostPosted: Tue Apr 18, 2006 5:05 pm    Post subject: Reply with quote

In a oil-dependant economy, guess who has a good bit of power?

tncean
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Henry



Joined: 03 Apr 2001
Posts: 2878
Location: NYC

PostPosted: Tue Apr 18, 2006 5:12 pm    Post subject: Reply with quote

Best grade gas is now $3+. Edit: Cheapest grade of gas is now $3.00.

Super is $3.15+. Rolling Eyes


Last edited by Henry on Fri Apr 21, 2006 5:27 pm; edited 1 time in total
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Henry



Joined: 03 Apr 2001
Posts: 2878
Location: NYC

PostPosted: Fri Apr 21, 2006 5:25 pm    Post subject: Reply with quote

yawn



Oil Prices Settle Above $75 a Barrel
By MADLEN READ
The Associated Press
Friday, April 21, 2006; 3:45 PM

NEW YORK -- Crude-oil prices broke through $75 a barrel to hit a new record Friday, fueled by concerns about Iran's nuclear ambitions and tight U.S. gasoline supplies.
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