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POPSCrude Oil Futures Options Make easy and fast cash with the help of binary option trading platform. Binary Stock Option Trading Platform allows you to invest and gain up to 75% return in less than an hour when the option expires in the money.
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POPSEnergy crisis is postponed as new gas rescues the world
"The common wisdom was that unconventional gas was too difficult, too expensive and too demanding," he said, according to Petroleum Economist. "This has changed. If we ever doubted that gas was the fuel of the future – in many ways there's the answer." The breakthrough has been to combine 3-D seismic imaging with new technologies to free "tight gas" by smashing rocks, known as hydro-fracturing or "fracking" in the trade. The US is leading the charge. Operations in Pennsylvania and Texas have already been sufficient to cut US imports of liquefied natural gas (LGN) from Trinidad and Qatar to almost nil, with knock-on effects for the global gas market – and crude oil. It is one reason why spot prices for some LNG deliveries have dropped to 50pc of pipeline contracts. We may soon be looking at an era when gas, wind and solar power, combined with a smarter grid and a switch to electric cars returns the country to near energy self-sufficiency.
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POPSoil price Mention about the great Free widgets on the site for financial commodities, Crude oil prices, Gold prices, Silver prices. There are charts, Data panels and even individual commodity prices – all for free and that people can publish on their own sites. Also that the site has great financial and commodity related articles
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POPSOil Price OilPrice.com has been built with the aim of providing good accurate financial data which is accessible to everyone online. Our easy to install charts and data panels allow anyone with a website to improve their site layout and provide valuable financial information to their readers, thus helping with the marketing and stickability of their own sites.
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POPSKissinger Admits Iran Attack Is About Oil As blogger Robert Weissman points out, the "legitimate aspirations" that Kissinger affords Iran later in the piece "do not include control over the oil that the United States and other industrial countries need." According to the CIA's world factbook, Iran has the world's second largest reserves of conventional crude oil at 133 gigabarrels. Adding non-conventional oil, Iran holds 10% of the global oil supply. Kissinger's admission that U.S. control of Iranian oil supplies is the real agenda behind hostility towards Iran would raise eyebrows and bring condemnation from many, but there are a hard core of Neo-Con cheerleaders who would support such an agenda even if it is openly accepted that nuclear proliferation is just a smokescreen for looting more middle east oil.
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POPSWhy it pays to be a Moderate Republican. Collins fights oil speculators. Collins was also one of only three Republicans voting in favor of Obama's economic stimulus bill, and that only after getting a promise of spending cuts and more school construction. Obama may need a handful of Republicans to revamp of financial regulation, including the oil markets. Will Collins demand something again from the president in exchange for crossing party lines? Offering a coy smile, Collins answered, "I do think the president has been receptive when I make suggestions."
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POPSSaudi Arabian Oil Minister Naimi Says Oil To Reach $75 A Barrel The July contract increased 8.2 percent this past week. Oil is up 38 percent this year. Naimi said oil should keep at about $75 a barrel “because that is what is desired for the world economy.” Saudi Arabia produced less than its quota of 8 million barrels a day last month, according to a May 13 OPEC report. The Saudis produced 7.9 million barrels of OPEC’s 25.3 million- barrel daily output. Naimi said last month that helping to keep oil prices at $50 a barrel was his country’s contribution to the world economy, which is fighting the worst recession in six decades. Since he made those comments in Tokyo on April 25, crude prices have climbed more than 20 percent to above $60 a barrel. OPEC cut its 2009 forecast on May 13 and now estimates daily oil demand will fall by 1.57 million barrels, or 1.8 percent, to 84.03 million barrels of oil a day this year.
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POPSOil price: A turning tide? Oil price A turning tide? May 13th 2009 From Economist.com The oil price rises amid hints of economic recovery THE price of oil reached over $60 a barrel during intraday trading on Wednesday May 13th, its highest point since November. Glimmers of economic recovery, such as an increase in imports from China, together with a weak dollar and tight supply forecasts have pushed up the prices of many commodities. Coffee, sugar and wheat have all hit modest peaks this week. Exporters of commodities would welcome an upturn in prices for food and other raw materials and those worried by deflation might also cheer rising prices. But consumers already battered by the economic slump, especially in poor countries, will not be pleased by rising costs.
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POPSAIPAC Bill to Cut-off Oil Products from Iran, Jeapordizes US Economy More
Iran imports 40% of its petroleum products, which AIPAC is leaning on Congress and Obama to cut-off under pretext of "nuclear threat" (hogwash, no evidence of that). See the video and details from the 2009 AIPAC Conference just concluded. Let's imagine the consequences of cutting of oil products from Iran: 1. Iran could reduce supply of crude petroleum to US and others, and get OPEC to agree. Iran controls a large percentage of world supply of crude. 2. Gas prices in the U.S. would skyrocket (again), in this economic war on Iran, in the midst of a severe recession and high unemployment (still growing)! 3. In consequence of #2, all consumer products (that require transportation and fuel) would also skyrocket , causing inflation of prices during recession and unemployment! AIPAC does not care about the U.S. , only the radical Zionist agenda of a "new middle east", and only them with nuclear weapons. Tell Congress NOT to support this legislation!
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POPS Chairman Zero’s Gift to OPEC that would increase electricity costs by up to 400% and cost 4,000,000 jobs. (I guess fewer people working means fewer people “polluting.”) Environmental extremists have to be pleased with Chairman Zero’s actions. Hugo Chavez, Mahmoud Ahmadinejihad, and the bin Ladens must be thrilled. For the rest of us, who don’t get to use government provided cars, helicopters, and jets for transportation … and for the tens of thousands of workers who won’t be getting jobs in the oil fields… we should not be happy about this. Chairman Zero's environmental policy: Environmental groups are fellated while consumers take it in the rear.
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POPSOil Speculation: It's Back: And This Time, It Really Is Making Oil More Expensive ($12 a barrel higher, to be precise) than the spot price - a scenario futures traders call a "contango" market. (The opposite scenario - spot prices higher than futures prices - is known as "backwardation.") "The steepening of the contango has opened up carry-trade arbitrage opportunities that are slow to be closed due to constrained credit conditions," Goldman Sachs wrote in a recent research report. Translation: this is a great time for investors to be hoarding oil. Today's market is giving Goldman clients and other well-heeled investors an opportunity to buy oil in the spot market for $50 a barrel, sell it forward in the futures market for $62, and then pocket the $12-a-barrel difference, less storage costs.
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POPSWindfall Losses - Government Assitance To Come? No screaming from spittle-flecked leftists about the conspiracy to drive down the price of oil and cause oil companies to lose money. Don't they deserve a bailout too? Don't be so hard-hearted. What's a couple of billion more when you are already throwing away a trillion.
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POPSRigged Oil Market - West Texas Intermediate - March 09 Brent Crude trading at a 7 Dollar premium to West Texas Intermediate is like the SUN rising in the west and setting in the east – Spiking VLCC Rates Reflect “The Movement to Tangibles” The spike in spot tanker rates is actually the result of the low oil prices. Many tankers are being leased on the spot market as storage tanks. Oil producers, for whatever reason, do not want to significantly slow their oil production, but at the same time do not want to sell it for $45 a barrel. So they are leasing tankers to store oil in the hope or belief that oil prices will recover shortly. Ask yourself why smart money has recently become engaged in buying ‘relatively illiquid’ physical crude oil, in a world allegedly awash in the stuff, for resale at a later date – instead of playing futures, accepting promises and holding cash? Smart money is in the process of losing confidence in cash.
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POPSHigher Gas Prices Likely On The Horizon more than $4 per gallon for gas on average - helped slash demand for oil. From November 2007 to October 2008, Americans drove 100 billion fewer miles than the year before, according to government figures. The nation's biggest automakers lurched toward bankruptcy as sales of sport utility vehicles and trucks plummeted. "We wouldn't be bailing out the automobile industry today ... had we not had this crazy situation with oil prices," said Daniel Yergin, chairman of Cambridge Energy Research Associates. Oil giants like Exxon Mobil, Chevron and ConocoPhillips have yet to announce their 2009 capital spending plans, but analysts say most companies are likely to shelve some projects. Already, Royal Dutch Shell has postponed a near-doubling of production in Canada. Marathon Oil says it expects to cut capital spending by 15 percent in 2009.
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POPSDrillers eye oil reserves off California coast Californians have generally opposed drilling since a platform blowout in 1969 splashed 3 million gallons of black, gooey crude oil on 35 miles of beaches around Santa Barbara, killing otters and seabirds. The destruction of shoreline and wildlife sparked activism and led to the creation of the Coastal Commission. But when gas prices peaked a few months ago amid cries of "drill, baby, drill" at rallies for GOP presidential candidate John McCain and running mate Sarah Palin, 51 percent of Californians said they favored more offshore drilling, according to a survey by the Public Policy Institute of California.
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POPS Down To A $Buck? . . . . Really? It’s “almost” a story … but I admit to being sucked into contemplating the possibilities. I mean, come on … A buck a gallon? Honestly, if I had to bet the deed to the house, my guess is it’ll never happen. Still, if this, too, is part of some master plan by George W. Bush to continue to manipulate gas prices (as he has been doing since the invasion of Afghanistan), I admit to being baffled by this one. He probably already knows that, though, seeing as he is also tapping my phone.
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POPS Oil Prices Drop Around The Globe Fewer jobs, fewer factory orders and slowing construction have added up to a severe drop-off in energy use, sending crude prices plunging. "People are waking up to the fact that there may not be much demand," said Phil Flynn, an analyst at Alaron Trading Corp. Prices at the pump continued to decline, falling 1.4 cents overnight to $1.79, according to auto club AAA, the Oil Price Information Service and Wright Express. That price is down 60 cents from just last month. The average price in Alaska, $2.74 a gallon, remained the nation's highest. Alaska is one of only three states remaining where the average is above $2. The Alaska average has fallen 73 cents in the past month. The average price in Anchorage was $2.58 a gallon Thursday, down 61 cents in the past month. "We have entered a new era of lower gasoline prices and oil prices," he said.
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