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Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

While you were asleep Santa was hard at work preparing gifts for us.
And Santa says he hopes you enjoy your gift
because you've been such quiet children and really deserve everything you get.

That's what he says.

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/12/AR2007091200855.html?hpid=moreheadlines

Oil hits record near $80 on tight supply

Sunday, September 12, 2007; 1:16 PM

NEW YORK (Reuters) - Crude oil prices vaulted to a record high near $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand.

A rash of fires at BP's oil fields in Alaska's North Slope added to the record run, though BP said the accidents had minimal impact to production that was already being curtailed by routine maintenance.

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-huntdeal_11bus.ART0.State.Edition1.363542e.html

and...

http://www.eds.com/about/board/hunt.aspx

killerbeem · Joined: 01 Aug 2005 Posts: 496 Location: Detroit, MI

You have to love this.
_________________
Currently looking for a good e30 to rebuild
1994 318i - Jeni (sold)
1991 325i - Lynn (Sold)
1984 325e - Rachel (Sold)
BMWCCA Member
Find me on Twitter: @mkilpatric

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

October 17.

Blame and Anxiety Rise Along With Price of Oil
By Steven Mufson
Washington Post Staff Writer
Wednesday, October 17, 2007; Page D01

A combination of political jitters about the Middle East and supply concerns for winter helped drive the price of crude oil briefly past $88 a barrel in New York yesterday.

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

Stocks Slide As Oil Crosses $90 a Barrel
By TIM PARADIS
The Associated Press
Friday, October 19, 2007; 10:05 AM

NEW YORK -- Stocks opened lower Friday as crude oil crossed $90 per barrel overnight, heightening concerns that rising energy costs will hurt both businesses and consumers.

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

Strike on Iran Would Roil Oil Markets, Experts Say
Price Hits Record Close; U.S. Tightens Sanctions
By Steven Mufson
Washington Post Staff Writer
Friday, October 26, 2007; Page A01

A U.S. military strike against Iran would have dire consequences in petroleum markets, say a variety of oil industry experts...

and

Oil prices closed at a record $90.46 a barrel in New York yesterday.

"jest the fax mam"...(attributed to Sgt. Friday)

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

AND later IN the DAY...

in case you don't read the fine print...

Oil Retreats From $92 on Profit-Taking
By JOHN WILEN
The Associated Press
Friday, October 26, 2007; 11:55 AM

NEW YORK -- Crude futures rose Friday _ but retreated from an earlier all time high above $92 _ as investors sold to lock in profits from the latest multi-day record-setting rally.

Prices were supported by worries over political tensions in the Middle East, where the U.S. imposed sanctions on Thursday on Iran and Turkish troops remained massed at the Iraq board to counter Kurdish rebels. In addition, the market was unsettled a dawn attack on an oil vessel off the coast of Nigeria by anti-government militants.

Suggestions that OPEC oil shipments are not rising as quickly as expected added to supply worries.

"On the back of mounting evidence that the oil balances are tight, and tightening, markets are becoming increasingly uneasy over the prospects of entering the winter high demand season with inventories at too low levels," said Kevin Norrish, an analyst with Barclays Capital PLC, in a research note.

Oil futures have risen nearly $7 a barrel, or 8 percent, since the government on Wednesday reported a sharp drop in crude inventories in the United States. The inventory numbers reinforced a view that oil supplies are falling at a time of year when they should be rising to meet expected strong fourth quarter demand.

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

From today's Times of London.

http://business.timesonline.co.uk/tol/business/industry_sectors/
natural_resources/article2767141.ece

el-quoto...

From The Times
October 30, 2007
Oil nears $100 mark as crude reaches yet another record
Steve Hawkes
Oil prices moved a step closer to the $100 a barrel mark yesterday as supply disruptions in Mexico, the weak dollar and the threat of attacks on oil facilities in Sudan pushed crude to another record high

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

Stocks Plunge on Oil, Consumer Spending Data
By Howard Schneider
Washington Post Staff Writer
Thursday, November 1, 2007; 11:13 AM

... The price for light, sweet crude, topped $96 a barrel in overnight trading, as investors surveyed data from the U.S. Energy Information Administration showing that U.S. oil supplies had fallen by 3.9 million barrels last week...
Laughing

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

A CASE OF DELAYED GRATIFICATION. but not for you

{From: Stocks Plunge on Oil, Consumer Spending Data
By Howard Schneider
Washington Post Staff Writer
Thursday, November 1, 2007; 11:13 AM}

"In addition, oil giant Exxon Mobil Corp. reported lower-than-expected profits. The company earned $9.4 billion between July and October, compared to $10.4 billion in the same period a year ago. While a substantial amount of money, the company reported that its profit margin had been trimmed by higher crude oil costs that*** had not yet been translated into higher prices for gasoline and other products."

***?

like the cashier in the supermarket who must drive many miles to work each day and said to me a few short weeks ago...

"I don't know whether to buy food or to buy gas"

but that was in September and not during December

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

this is from today's bbc news and no, it's not about the precious snowflake babies.

http://news.bbc.co.uk/1/hi/business/7072476.stm
bbc.co.uk Navigation
Last Updated: Thursday, 1 November 2007, 14:38 GMT

A senior Opec official said the organisation was not to "blame" for the price rises and insisted there was no shortage of capacity in the market.

"We never fix oil prices," said Abdullah al-Attiyah, Qatar's energy minister.

"It is market driven and it is out of control."

no hurricane, no refinery crisis, no snowflake baby, no war, no winter, no summer, no indians, no chinese, no suv's (this time it's )no nothing...

remember..."We never fix oil prices," said Abdullah al-Attiyah, Qatar's energy minister.

So...(he goes on to say)..."It is market driven and it is out of control."

(gotta love that)

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

from SPIEGEL ONLINE

http://www.spiegel.de/international/world/0,1518,514621,00.html

October 31, 2007

GLOBAL CONCERN OVER INFLATION
Rising Prices Widen Gap Between Rich and Poor

By Wolfgang Reuter
Central banks flooded the world with cheap money for years, helping the rich get richer. Now inflation is on the horizon, threatening to make the poor even poorer.

The stock markets are harbingers of economic hardship. Each stagnation, downturn and recession goes hand-in-hand with falling stock prices, often even a market crash. The biggest crashes have names: Black Friday in 1929, or Black Monday in 1987.

AND

For instance, the price of spring wheat, which is traded on the Minneapolis Grain Exchange, has jumped from $5.50 a bushel (about 35 liters) in May to $9 today. A year ago spring wheat was selling for only $4.60 a bushel, a little more than half the current price.

Within the last year, the prices of corn and soybeans have increased by up to 70 percent in key trading markets. The prices of many metals, lumber, rubber, wool and other raw materials used in the manufacture of consumer goods have also been rising steadily for months. Other data and price developments also suggest that hard times may be ahead. Besides, the price of oil keeps hitting new record levels.

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

anywon with a 10th graid edukaticon can follow and understndn this

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/04/AR2007110401753.html?hpid=topnews

Oil's Recent Rise Not as Familiar as It Looks
Traders, Not Political or Supply Concerns, May Be Pushing Fuel Toward $100
By Steven Mufson
Washington Post Staff Writer
Monday, November 5, 2007; Page A01

After a week of new records for crude oil prices, the question is: How high can they go?

In the past 10 weeks, the price of crude oil has shot up $25 a barrel, closing at $95.93 in New York on Friday, near an all-time inflation-adjusted peak. Unlike earlier spikes in oil prices, which came on the heels of war in the Middle East, this latest ascent does not appear to be linked to any one conflict or to any physical shortage.

donaldan · Joined: 01 Jul 2001 Posts: 1881 Location: Ft. Myers, FL

If one defines traders as those buying and selling oil (or oil instruments/contracts). Then of course, all oil prices are determined by "traders." I have not heard of politicians buying and selling oil. Has anybody? Politicians may set oil priing policy/guideline but still all buying and selling are done by "traders." Therefore buyers and sellers ultimately determine pricing, not politicians. They are too busy playing with your and my tax money to have time for it.

Worldwide oil supply is limited. No one should deny that. Where government is still heavily involved in oil/energy business, such as China, it is a big headache. Defacto rationing is not uncommon. Energy interruption in smaller communities is not uncommon. I am there twice a year and I see that. Americans are still paying one of the lower cost of energy in the world. Worldwide higher energy cost will march forward. No amount of finger pointing can reverse that.
_________________
Don

Henry · Joined: 03 Apr 2001 Posts: 2878 Location: NYC

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/06/AR2007110600283.html

Oil Hits $97 on Bombs, Demand Prediction
By JOHN WILEN
The Associated Press
Tuesday, November 6, 2007; 12:01 PM

NEW YORK -- Oil futures jumped to a new record above $97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks.

Those concerns were further fed by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises.

Oil was already up before news of the blasts in northern Afghanistan that killed 64 people and the attack in Yemen. Severe weather forecasts for the North Sea, expectations that domestic crude supplies fell last week and the weak dollar all contributed to the latest move upward. etc.