PeakOil is You
Re: Another Oil price Record
Re: Another Record
by Last_Laff » Tue 15 Apr 2008, 00:09:00
Why is this still going on after hours?
"Panic is not a strategy." - BigTex
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Last_Laff - Lignite
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Re: Another Record
by Armageddon » Tue 15 Apr 2008, 00:16:42
$this->bbcode_second_pass_quote('Last_Laff', 'W')hy is this still going on after hours?
China's March crude oil imports surge 25% to a record. “China's crude oil imports jumped 25 percent in March to a record as state-controlled refiners increased fuel production to end shortages in the fastest- growing major economy. Imports rose to 17.3 million metric tons, about 4.1 million barrels a day...”
Fears emerge over Russia's oil output. “Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.”
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Armageddon - Light Sweet Crude
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Re: Another Record
by something_awfull » Tue 15 Apr 2008, 00:22:22
I'm just re-watching "Oil Storm" and one of the "headlines" near the start is "Oil hits a record of $153 per barrel... LOL, we're not that far from that now......
$112.18
$112.18
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something_awfull - Lignite
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Re: Another Record
by DantesPeak » Tue 15 Apr 2008, 00:24:26
$this->bbcode_second_pass_quote('Armageddon', '
')“Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.”
')“Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.”
Yep. Peak Oil. We thought here that no one would admit we were passing the peak, but in just the last few days Russia and even the Saudis are saying in their own way - that's all folks.
In addition, there is news that China is buying shares of BP:
$this->bbcode_second_pass_quote('', 'A')pril 15 (Bloomberg) -- China bought a stake in BP Plc, its second investment in a European oil company as the nation seeks to secure resources and boost returns on the world's largest foreign-exchange reserves.
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DantesPeak - Expert
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Re: Another Record
by joewp » Tue 15 Apr 2008, 00:33:07
$this->bbcode_second_pass_quote('KingDavid', '')$this->bbcode_second_pass_quote('joewp', 'N')ew record just a few minutes ago: $112.45
At what site do you check oil prices joewp, the ones i scan have a 5 to 10 minutes delay it seems...
I have an account with Interactive Brokers and have their software running which hooks into the NYMEX electronic trading market. Right now, the last trade was for 112.33 for 1 contract, and it was a down tick. RBOB is at 2.8300 and heating oil is 3.2170. Pork bellies are at 74.375.
All this for $1 a trade for stocks and options and $2.95 round trip for futures.
As I typed, oil hit $112.48 and "backed off" to $112.46
Joe P. joeparente.com
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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joewp - Intermediate Crude
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