Follow us on...
Follow us on Twitter Follow us on Facebook Watch us on YouTube
Register
Results 1 to 12 of 12
  1. #1
    Atomic Punk
    Join Date
    01.29.02
    Age
    49
    Location
    somewhere over the rainbow
    Posts
    22,946
    Last Online

    12.07.17 @ 12:54 PM
    Likes
    842
    Liked 1,229 Times in 448 Posts

    Default Oil plummets more than $2

    <<<just a fucking feel good joke>>>

    Oil plummets more than $2
    Crude plunges over $2 a barrel, sinking ahead of change from April to May futures contract.
    March 20, 2006: 3:20 PM EST

    LONDON (Reuters) - Oil prices tumbled $2.35 to $60.42 a barrel on Monday, as investors bailed out just ahead of the switch to the new futures trading contract. The fall in U.S. light, sweet crude for April delivery represented a 3.8 percent slip in price.

    The contract, which expires at the end of Tuesday's session, fell 81 cents on Friday, but still ended the week up nearly $3 on concerns about potential supply interruptions.

    The May contract for crude, which begins Wednesday, also fell sharply, sinking $2.24 to $61.96, or about 3.6 percent.

    Earlier in the session, crude prices fell on profit-taking and on news that a weekend cut in Nigeria's crude output looked less severe than first thought.

    Italian oil company ENI, whose Agip unit operates the pipeline, said that 75,000 barrels per day (bpd) of output had been cut by saboteurs at the weekend but that production should resume by month-end.

    That was a speedier recovery than investors had expected when they first heard the news, which pushed up prices in early trade.

    Royal Dutch Shell has yet to set a restart date for the 555,000 bpd of Nigerian output that it and other equity holders haven't produced since attacks on Feb. 18.

    Oil prices rallied last week on crude supply concern and growing worries that changes to U.S. gasoline specifications may stretch the refining system as the summer driving period approaches.

    U.S. gasoline dipped 1.01 cents to $1.85 a gallon on Monday, but its premium to crude remained near the five-month high struck last week.

    U.S. crude prices have also been buoyed by worries that Iran's nuclear row with the West could hit its exports, overshadowing hefty crude stocks that many analysts now see as additional insurance by a fearful industry.

    Saudi Oil Minister Ali al-Naimi said he was not worried by swelling U.S. crude oil inventories, which like gasoline stand at their highest level for nearly seven years.

    "I believe, in these somewhat tense and uncertain times, it is only logical for consuming countries to build stocks," he said on Sunday. "In normal situations very high stocks would have a depressing effect on prices, but these are not normal times."
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Eruption lal5150's Avatar
    Join Date
    01.18.05
    Age
    51
    Location
    miami,fla
    Posts
    1,452
    Favorite VH Album

    dont ask i love em all
    Favorite VH Song

    ARE U KIDDING ME
    Last Online

    06.16.12 @ 03:16 PM
    Likes
    0
    Liked 0 Times in 0 Posts


    Donor

    Default

    hope that reflects at the pump sometime soon.

  3. #3
    Atomic Punk
    Join Date
    01.29.02
    Age
    49
    Location
    somewhere over the rainbow
    Posts
    22,946
    Last Online

    12.07.17 @ 12:54 PM
    Likes
    842
    Liked 1,229 Times in 448 Posts

    Default

    Quote Originally Posted by lal5150
    hope that reflects at the pump sometime soon.
    <LOL> rrrrrrrrrrrrrrrrrrrrrrrrrrright...
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  4. #4
    Master Bluesman Elwood P.'s Avatar
    Join Date
    01.11.02
    Location
    1060 W. Addison, Chicago
    Posts
    6,038
    Favorite VH Album

    ADKOT
    Favorite VH Song

    Soul Kitchen
    Last Online

    12.11.17 @ 07:59 AM
    Likes
    1,753
    Liked 1,083 Times in 725 Posts


    Premium Member

    Default

    Quote Originally Posted by lal5150
    hope that reflects at the pump sometime soon.
    It will. Prices will continue to rise.
    "I'm the opposite of Bill Cosby. Diamond Dave always gets your approval." (DLR)

    "Kids, just say NO to marriage". (Al Bundy)

    Rawhide in "A"

    OAA

  5. #5
    Atomic Punk LLFHS's Avatar
    Join Date
    03.08.04
    Location
    Secret Witness Protection Location
    Posts
    31,731
    Favorite VH Album

    Anything Mike played on
    Favorite VH Song

    Anything Mike played on
    Last Online

    07.30.17 @ 08:59 PM
    Likes
    34
    Liked 60 Times in 35 Posts


    Donor

    Default

    Quote Originally Posted by lal5150
    hope that reflects at the pump sometime soon.

    Not yet......doubt that it will.
    LowLifeFlatHeadScum

    [sigpic][/sigpic]


    Your Hacked Nude Photo Here!

  6. #6
    Good Enough
    Join Date
    12.06.01
    Location
    Jacksonville, FL
    Posts
    2,351
    Last Online

    06.29.07 @ 03:57 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    It's 2.49 a fucking gallon at my local gas station.....whew.

    I watched a report on CNN this weekend that talked about Ethanol and how the USA could switch to that and supply all it's gas needs. Let's see how many decades longer it takes for something like that to happen.

    From 3-13 to 10-6 and NFC South Champs.....go Saints!

    My Hurricane Katrina pics

  7. #7
    Atomic Punk
    Join Date
    01.29.02
    Age
    49
    Location
    somewhere over the rainbow
    Posts
    22,946
    Last Online

    12.07.17 @ 12:54 PM
    Likes
    842
    Liked 1,229 Times in 448 Posts

    Default

    Quote Originally Posted by Dennis
    It's 2.49 a fucking gallon at my local gas station.....whew.

    I watched a report on CNN this weekend that talked about Ethanol and how the USA could switch to that and supply all it's gas needs. Let's see how many decades longer it takes for something like that to happen.


    Only once people in power have a financial stake in Ethanol, will that happen...
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  8. #8
    Sinner's Swing! twonabomber's Avatar
    Join Date
    10.15.01
    Location
    cleveland, oh
    Posts
    3,699
    Last Online

    12.08.16 @ 03:21 AM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Quote Originally Posted by Dennis
    It's 2.49 a fucking gallon at my local gas station.....whew.
    here, too. spent $37 to fill up the Wrangler last Thursday...
    "is this a good show tonight, or fuckin' what?" - DLR, Montreal, 11/10/07

    Toronto 10/7...Cleveland 10/10...Toronto 10/12...Montreal 11/10

  9. #9
    5150
    Join Date
    12.13.02
    Age
    45
    Location
    Northern Ireland
    Posts
    575
    Favorite VH Album

    1984
    Last Online

    12.05.17 @ 03:19 AM
    Likes
    4
    Liked 49 Times in 30 Posts

    Quote Originally Posted by twonabomber
    here, too. spent $37 to fill up the Wrangler last Thursday...
    Try buying fuel over here - it would cost the equivalent of $90 to $100 to fill my car.
    HERE AND GONE by Haylen Beck (Stuart Neville writing as...) - "It doesn't get better than this." - Lee Child, "Highly recommended." - Harlan Coben, "Cancel all your plans and settle in for the ride." - Ruth Ware, "This is a book that lives up to the buzz." - Alafair Burke

    Summer 2017 UK & North America

  10. #10
    Sinner's Swing! twonabomber's Avatar
    Join Date
    10.15.01
    Location
    cleveland, oh
    Posts
    3,699
    Last Online

    12.08.16 @ 03:21 AM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    i always love that statement, and my solution is always "move."
    "is this a good show tonight, or fuckin' what?" - DLR, Montreal, 11/10/07

    Toronto 10/7...Cleveland 10/10...Toronto 10/12...Montreal 11/10

  11. #11
    Atomic Punk ZeoBandit's Avatar
    Join Date
    01.29.02
    Age
    41
    Location
    Chicago
    Posts
    17,830
    Favorite VH Album

    F.U.C.K.
    Favorite VH Song

    Humans Being
    Last Online

    12.11.17 @ 06:24 AM
    Likes
    54
    Liked 40 Times in 29 Posts


    Donor

    Default

    I just dropped about $45 filling up the Silverado at $2.57 a gallon.
    "What we are dealing with here, is a complete lack of respect for the law" - Jackie Gleason, Smokey and the Bandit

    www.geocaching.com - The site where you are the search engine.

  12. #12
    Atomic Punk Viking's Avatar
    Join Date
    02.21.03
    Age
    52
    Location
    Mound Valley, Kansas
    Posts
    9,043
    Favorite VH Album

    5150, Fair Warning
    Favorite VH Song

    Dance The Night Away, Dreams
    Last Online

    11.02.17 @ 09:45 PM
    Likes
    37
    Liked 28 Times in 9 Posts

    Default

    Quote Originally Posted by Elwood P.
    It will. Prices will continue to rise.
    Never before has a greater truth been spoken.
    "Viking - last to sleep, first to rise, last to leave, that's how the Nords of old rocked the house." ~ timmac in the 'Texas Linkers' thread talking about yours truly. :-)

 

 

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •