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Keyword: capacity

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  • We DO Need Large Capacity Magazines

    02/07/2013 5:44:03 AM PST · by marktwain · 45 replies
    jerkingthetrigger.com ^ | 6 February, 2013 | JTR
    One of the most talked about components of gun control legislation is a magazine capacity limit. Proponents of gun control will often question why anyone needs more than X number of rounds (often 10) in their magazine. This is usually answered with a response about how it isn’t about what we “need” or with an analogy like “why does anyone need a car that goes faster than the speed limit.” Both of these answers are true but they leave a lot to be desired because there are practical reasons for why we actually do need magazines with larger capacities. Many...
  • High-Capacity-Magazine Bans: Threatened shopkeepers used 30-round magazines to fire warning shots...

    12/19/2012 11:23:58 AM PST · by neverdem · 33 replies
    National Review Online ^ | December 19, 2012 | Clayton E. Cramer
    Threatened shopkeepers used 30-round magazines to fire warning shots and avoid taking lives. Bans on high-capacity magazines (variously defined as those holding more than ten, fifteen, or twenty rounds) seem to be part of just about every law to ban assault weapons. The rationale is to prevent the ability to engage in killing sprees like the one on Friday in Connecticut.Would a ban on high-capacity magazines (and not just a ban on new manufacture, as the 1994 federal law provided) make any difference in these massacres of the unarmed? I am hard pressed to see how. Detachable-magazine pistols and rifles...
  • Giuliani Wonders Whether Biden Has ‘Mental Capacity’ for Presidency

    08/14/2012 5:01:58 PM PDT · by Nachum · 36 replies
    National Review ^ | 8/14/12 | Robert Costa
    Former New York mayor Rudy Giuliani told CNBC’s Larry Kudlow tonight that Vice President Biden may be unfit for office. Here’s the transcript: KUDLOW: You know, what did he say? ‘Y’all going to be put back in chains’? That almost has racial overtones, Rudy Giuliani. What’s your take on that? GIULIANI: Well, I think if it came from somebody serious maybe we’d get all excited about it. But the — I think the vice president of the United States has become a laugh line on late night television. I mean, he — I’ve never seen a vice president
  • Industrial production edges up 0.2% in September

    10/18/2011 6:43:10 AM PDT · by Free Vulcan · 1 replies
    Marketwatch ^ | 10.17.11 | Steve Goldstein
    The nation’s industrial production rose 0.2% in September, capping a third-quarter rebound in activity for the manufacturing sector, the Federal Reserve reported Monday. Though the headline gain was stronger than the 0.1% that economists polled by MarketWatch had forecast, August’s reading tracking output by factories, mines and utilities was downwardly revised to zero from an initially reported 0.2% growth.
  • Industrial output up 0.2% in August: Rise beats expectations

    09/15/2011 6:53:52 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 9.15.11 | Greg Robb
    U.S. industrial production rose 0.2% in August after a strong 0.9% gain in July. Production is now up in four straight months. Economists had expected no change in industrial output in August.. Capacity utilization increased 0.1 percentage point to 77.4% in August, the highest level since August 2008.
  • Industrial output jumps in August on auto strength

    08/16/2011 7:04:19 AM PDT · by Free Vulcan · 7 replies · 1+ views
    Marketwatch ^ | 8.16.11 | Greg Robb
    WASHINGTON (MarketWatch) — The output of the nation’s factories, mines and utilities surged 0.9% in July as auto assemblies rebounded and consumers turned on their air conditioners, the Federal Reserve said Tuesday. The gain, the biggest since last December, was in line with economists’ expectations. The key question is whether the increase can be sustained in future months. Output in June was revised up to a 0.4% gain from the prior estimate of a 0.2% gain and output in May was also revised higher.
  • U.S. industrial output rises solid 0.8%

    04/15/2011 6:42:41 AM PDT · by Free Vulcan · 34 replies
    Marketwatch ^ | 4.15.11 | Greg Robb
    WASHINGTON (MarketWatch) — U.S. industrial production rose a solid 0.8% in March, with broad-based gains across sectors, the Federal Reserve reported Friday . It was the fifth straight gain in factory output, as manufacturing continues to lead the economy. The increase was a modest upside surprise as economists were expecting a 0.6% gain. In the first quarter, industrial output rose at a 6% annual rate, faster than the 3.2% rate in the final three months of 2010.
  • High Capacity Magazine Freedom Campaign

    03/29/2011 5:05:35 AM PDT · by marktwain · 27 replies · 1+ views
    Ammoland.com ^ | 22 March, 2011 | i Dovid Bendory
    Washington, DC --(Ammoland.com)- JPFO today launches “The High Capacity Freedom Campaign”. First, some background to highlight the hypocrisy and stupidity of a high-capacity magazine ban. Imagine you bought a Glock 17 9mm pistol a year ago. Your purchase was legal and included two 17-round magazines. Now along come Obama and other “common sense” gun-grabbers with a ban on “high capacity” magazines. The result? Based on the so-called “Assault Weapons” Ban of 1994, a federal mandate declares that after a certain date, the manufacture, sale, or re-sale of ammunition magazines that hold more than ten rounds is now illegal. Such manufacture,...
  • High-Capacity Ammo Clips for Guns Save Lives

    02/16/2011 3:41:11 AM PST · by marktwain · 8 replies
    usnews.com ^ | 14 February, 2011 | Chris Cox
    Since the senseless January 8 attack on Arizona Rep. Gabrielle Giffords and her innocent constituents, NRA members have joined our fellow Americans in offering thoughts and prayers for the victims, for their families, and for the Tucson community. Click here to find out more! Yet while we grieved, anti-Second Amendment groups worked to exploit the tragedy to resurrect their political agendas. "In the wake of these kind of incidents, the trick is to move quickly," one antigun activist said. [See which members of Congress get the most money from gun control groups.] High on their wish list is banning ammunition...
  • Atmosphere's self-cleaning capacity stable: study (Whew!! We can breathe again.)

    01/07/2011 10:37:57 AM PST · by NormsRevenge · 26 replies
    Yahoo ^ | 1/7/11 | AFP
    WASHINGTON (AFP) – An international team of researchers has found that the atmosphere's ability to cleanse itself of pollutants and other greenhouse gases, except carbon dioxide, is generally stable. The study, published in Friday's edition of the journal Science, comes amid a fierce debate over whether, as some experts believe, the atmosphere's self-cleaning ability was fragile and sensitive to environmental changes. The research team, which was led by the National Oceanic and Atmospheric Administration (NOAA), measured levels in the atmosphere of hydroxyl radicals, which play a key role in atmospheric chemistry. Levels of the agent only fluctuated a few percentage...
  • Lithium-Ion Battery Life Could Reach 20 Years

    02/07/2010 10:49:24 PM PST · by LibWhacker · 9 replies · 580+ views
    PC World ^ | 2/5/10 | Chris Brandrick
    Japanese research and development firm Eamex claims to have found a new way to increase the typical average life of a high-capacity lithium-ion battery. Eamex's new technology will allow the demanding batteries to sustain over 10,000 recharges over the course of 20 years. This rather dramatic increase in performance is made possible by new techniques such as a stabilization process of the battery's electrodes, which in-turn puts less stress on the battery's tin. This maintains the bonding of particles for a longer period of time and reduces the overall deterioration process. The result is a battery that lasts up to...
  • Fear and loathing along proposed Trans-Texas Corridor

    01/30/2008 3:09:13 PM PST · by Tolerance Sucks Rocks · 11 replies · 300+ views
    Land Line Magazine ^ | January 29, 2008 | David Tanner
    Some Texans are afraid of losing their land to the Trans-Texas Corridor while others loathe the thought of a quarter-mile-wide swath of toll roads and railway lines transforming the countryside into a superhighway. People continue to turn out in droves at public meetings concerning the controversial Trans-Texas Corridor proposal, specifically the portion known as the TTC-69 proposed from Brownsville to Texarkana. A meeting Monday, Jan. 28, at the fairgrounds in Austin County was no exception, drawing more than 1,000 people. Opposition to the proposed corridor has come from people in all walks of life, said Chris Steinbach, chief of staff...
  • New Berth Increases Umm Qasr Port Capacity

    09/28/2007 7:35:22 PM PDT · by SandRat · 5 replies · 149+ views
    Defend America News ^ | Mohammed Aliwi
    New Berth Increases Umm Qasr Port Capacity Army engineers oversee berth project that was designed and built by Iraqis. By Mohammed AliwiU.S. Army Corps of EngineersGulf Region South District BASRAH, Iraq, Sept. 28, 2007 — The U.S. Army Corps of Engineers has turned control over the newly completed “roll-on/roll-off” berth at Umm Qasr Port to the Iraqi Port Authority. "The Iraqi people can be proud of this project because it is theirs alone."Rebecca Wingfield, project engineer Known as a RoRo because it serves “roll-on/roll-off” ships that share the acronym, the $2.7 million berth project doubles the number of the...
  • As Afghan Troops Build Capacity, Decisive Battles Loom

    03/02/2007 6:13:50 PM PST · by SandRat · 5 replies · 311+ views
    WASHINGTON, March 2, 2007 – The anticipated spring offensive may mark the beginning of the end for the Taliban in Afghanistan, a military official told bloggers and online journalists in a conference call yesterday. “If the Taliban do not make it through this offensive, we feel that by next year they’ll have limited access to Afghanistan,” Army Col. David B. Enyeart, deputy commander of Task Force Phoenix V, said. Enyeart, whose soldiers oversee training of the Afghan forces, said coalition officials fully expect a surge in Taliban and insurgent attacks in time with the country’s spring thaw. “We know...
  • Iran doubles nuke enrichment capacity

    10/27/2006 11:19:40 AM PDT · by NormsRevenge · 6 replies · 455+ views
    AP on Yahoo ^ | 10/27/06 | Nassir Karimi - ap
    TEHRAN, Iran - Iran has doubled its capacity to enrich uranium by successfully executing the process with a second network of centrifuges, a semiofficial news agency reported Friday, sending a defiant new message to the U.N. Security Council. Council members are working on a draft resolution that would impose limited sanctions on the Islamic republic because of its refusal to cease enrichment, a process that can produce fuel for a civilian nuclear reactor or fissile material for a warhead. The Iranian Students News Agency quoted an anonymous official as saying Iran has successfully begun injecting gas into a second network...
  • Oil prices fall below US$61 a barrel amid easing fears about OPEC output cuts ($60.43/bbl)

    10/03/2006 2:17:19 AM PDT · by RWR8189 · 16 replies · 799+ views
    Associated Press ^ | October 3, 2006
    SINGAPORE (AP) - Oil prices fell in Asian trading Tuesday after losing nearly US$2 a barrel in the previous session amid easing concerns about the possibility of more production cuts by OPEC members. The contract dropped 3 per cent overnight in New York as traders discounted threats of output cuts and focused on high U.S. oil product inventories. Despite reduced refinery runs, traders were expecting to see a build in U.S. gasoline and distillate stocks in weekly petroleum supply data released Wednesday by the U.S. Department of Energy. Light, sweet crude for November delivery dropped 11 cents to US$60.92 a...
  • Altair Nanotechnologies Details Power Features of Its Nano Titanate Battery

    09/17/2006 11:46:42 AM PDT · by PeaceBeWithYou · 36 replies · 1,549+ views
    Nanotechwire.com ^ | 9/15/2006 6:13:50 PM | Not Specified
    Altair Nanotechnologies Inc., a leading provider of advanced nanomaterials and alternative energy solutions, detailed why its NanoSafe rechargeable, nano titanate battery technology provides fundamental improvements, including high power versus other rechargeable batteries. In anticipation of Altairnano's delivery of its first NanoSafe battery pack for use in an electric vehicle in September, this is the final of four planned news releases identifying features of Altairnano NanoSafe batteries that may prove advantageous in the power rechargeable battery market. In the three previous releases, Altairnano detailed why its nano titanate battery technology delivers high battery safety, rapid recharge and long battery life. The...
  • Coalition Forces Build Capacity, Bring Healthcare to Afghans

    08/10/2006 4:39:30 PM PDT · by SandRat · 10 replies · 204+ views
    KABUL, Afghanistan, Aug. 10, 2006 — Coalition medical teams have treated more than 64,000 Afghan patients since August 2005 as part of a joint Afghan-Coalition effort to bring medical and humanitarian aid to all regions of the country. Coalition medical efforts have focused on treating patients while at the same time helping Afghanistan rebuild its medical infrastructure, said Air Force Col. Donald Thompson, the command surgeon for Coalition forces in Afghanistan. He spoke to reporters during a media roundtable event at Camp Eggers here Aug. 4. The end goal, said Thompson, is to give the Afghanistan government the capability to...
  • Stung Lung: Volatile Chemical May Cut Respiratory Capacity

    08/06/2006 2:18:53 PM PDT · by blam · 11 replies · 654+ views
    Science News ^ | 8-6-2006 | Beh Harder
    Stung Lung: Volatile chemical may cut respiratory capacity Ben Harder A chemical in some air fresheners and pest-control products may slightly impair lung function in millions of people, a nationwide study suggests. The compound, para-dichlorobenzene, is used to make mothballs, urinal deodorizers, and air-freshening blocks for household use. At room temperature, the strong-smelling chemical gradually changes from a solid to a gas. Para-dichlorobenzene was previously detected in the blood of more than 95 percent of the participants tested in a U.S. study called NHANES III. Scientists at the National Institute of Environmental Health Sciences in Research Triangle Park, N.C., looked...
  • Oil hits record near $76 on Nigeria, Mideast ($75.84/bbl)

    07/13/2006 3:26:24 AM PDT · by RWR8189 · 8 replies · 639+ views
    Reuters ^ | July 13, 2006 | Alex Lawler
    LONDON (Reuters) - Oil surged to a record high near $76 on Thursday on renewed worries over supply from major exporter Nigeria and as conflict between Israel and Hizbollah in Lebanon heightened international tensions. Prices also rose as the Iran nuclear row appeared to be heading to the U.N. Security Council, North Korea walked out of talks with South Korea and crude inventories in top oil consumer the United States fell more than expected. "Geopolitical risk is out of control," said Tony Nunan, a risk manager at Mitsubishi Corp. "There's a pipeline attack in Nigeria, Israel is taking a strong...
  • Oil Prices Fall Below $74 a Barrel ($73.68/bbl)

    07/10/2006 2:43:07 AM PDT · by RWR8189 · 20 replies · 756+ views
    Associated Press ^ | July 10, 2006 | GILLIAN WONG
    SINGAPORE - Crude oil prices retreated Monday as traders took profits following recent gains and amid easing worries about Iran's nuclear dispute after the country's top nuclear negotiator expressed optimism that the standoff can be resolved peacefully. Light, sweet crude for August delivery fell 37 cents to $73.72 a barrel in Asian electronic trading on the New York Mercantile Exchange. The drop came after oil prices had climbed for most of the last two weeks, reaching an intraday record of $75.78 a barrel on Friday before settling back at $74.09. The Brent crude contract for August fell 27 cents to...
  • Oil tumbles below $70, eyes weaker Alberto, Iran ($69.77/bbl)

    06/13/2006 1:46:17 AM PDT · by RWR8189 · 10 replies · 622+ views
    Reuters ^ | June 13, 2006 | Jonathan Leff
    SINGAPORE (Reuters) - Oil fell almost 1 percent to below $70 a barrel on Tuesday, pausing to watch the season's first Atlantic storm as it weakened along a route that will take it well clear of U.S. energy installations. Iran's reluctance to give up its atomic program, unrelenting violence in Iraq and strong demand signals from China all lent the market support, keeping prices up 15 percent this year and within sight of their record high of $75.35. U.S. light sweet crude for July fell 69 cents to $69.67 a barrel by 0746 GMT, extending Monday's $1.27 slump. London Brent...
  • Oil Prices Jump on Iran Energy Threat ($73.73/bbl)

    06/05/2006 3:16:45 AM PDT · by RWR8189 · 28 replies · 1,946+ views
    Daily Press ^ | June 5, 2006
    SINGAPORE -- Oil prices jumped Monday in reaction to a threat by Iran's supreme leader that his nation could jeopardize the world's oil supply if the West punished Tehran over its nuclear program. Light, sweet crude for July delivery rose $1.02 to $73.35 a barrel in Asian electronic trading on the New York Mercantile Exchange, midafternoon in Singapore. The contract rose Friday to $72.33 following the kidnapping of eight foreigners working on a drilling rig off the coast of Nigeria. The workers were released Sunday. July Brent crude futures on London's ICE Futures rose $1.03 to $72.06 per barrel. Iran's...
  • Oil falls $1 as commodity sell-off continues ($67.60/bbl)

    05/22/2006 2:20:17 AM PDT · by RWR8189 · 29 replies · 1,464+ views
    Reuters ^ | May 22, 2006 | Simon Webb
    LONDON (Reuters) - Oil prices fell $1 on Monday to a six-week low as concern that inflation may slow economic growth encouraged selling across commodities markets. U.S. crude was trading 98 cents lower at $67.55 a barrel at 0819 GMT after falling more than $1 to its lowest level since April 10. Brent crude was down 84 cents at $67.85. The drop added to a slide of nearly 5 percent last week after signs that the record cost of many raw materials was pushing up the cost of living and hitting consumers' pockets. Rising inflation may force central banks to...
  • U.S. Soldiers Build Iraqi Army Supply, Support Capacity

    05/10/2006 6:02:11 PM PDT · by SandRat · 2 replies · 249+ views
    Defend America News ^ | Sgt. 1st Class Jerry Malec
    U.S. Army Warrant Officer Clifford Merrill, supply system technician, 589th Brigade Support Battalion, Fires Brigade, 4th Infantry Division, highlights numerous shelving units that will be filled with supplies to support members of the 9th Iraqi Army Division on Camp Taji, Iraq. The 589th Brigade Support Battalion soldiers support a Military Transition Team mission by helping Iraqis set up five warehouses, which will soon be under their control. U.S. Army photo by Sgt. 1st Class Jerry Malec U.S. Soldiers Build Iraqi Army Supply, Support Capacity A small team of U.S. soldiers work diligently to train their Iraqi counterparts on the...
  • Oil leaps above $72 ($72.36/bbl)

    05/01/2006 1:57:56 AM PDT · by RWR8189 · 24 replies · 615+ views
    Reuters ^ | May 1, 2006
    Singapore - Oil rallied above $72 a barrel on Monday, extending a rebound towards record highs as Iran maintained a defiant stance in the face of possible UN sanctions and militants detonated a car bomb in Nigeria. US light, sweet crude zoomed 54 cents higher to $72.42 a barrel by 06:40 GMT, adding to a 91c gain on Friday that helped limit last week's losses to 4.4%. Trading was thin due to holidays in much of Asia and Europe. IPE Brent crude was up 43c at $72.45. "Most people appear to be very nervous and are looking for something to...
  • Oil Prices Fall Below $72 a Barrel ($71.37/bbl)

    04/27/2006 3:22:02 AM PDT · by RWR8189 · 12 replies · 634+ views
    Associated Press ^ | April 27, 2006
    SINGAPORE - Oil prices eased Thursday after U.S. government data showed motor fuel demand weakening, apparently in response to higher pump prices. The data also showed that domestic inventories of gasoline shrank for the eighth consecutive week, and that may have moderated the selling, analysts said. Light, sweet crude for June delivery fell 23 cents to $71.70 a barrel in Asian electronic trading on the New York Mercantile Exchange. The contract settled Wednesday at $71.93, down 95 cents. Brent crude for June delivery on London's ICE Futures changed hands at $72 a barrel, down 9 cents. Gasoline futures dropped 2.10...
  • Al-Basrah Oil Terminal Increases Export Loading Capacity

    04/20/2006 6:21:45 PM PDT · by SandRat · 430+ views
    (GRD Photos) Base Camp Adder (Ali Base) Iraq – Al-Basrah’s offshore oil terminal in Umm Qasr has increased its loading capacity due to the recent completion of repairs to six damaged loading arms on Platform B, Berths 3 and 4. Extensive repairs included total refurbishment of the hydraulic systems, vacuums and power lines. The loading arm repairs provide safer, more efficient equipment and contribute greatly to restoring the terminal to full capacity. The repairs will also accommodate a larger number of vessels which means more oil and other goods can be exported from the terminal. This tasking was one of...
  • Pace: Building Support Capacity, Ministries Important in Iraq

    03/29/2006 4:52:17 PM PST · by SandRat · 131+ views
    WASHINGTON, March 29, 2006 – Though training Iraq's warfighters and front-line security forces will remain the top priority, training the cooks, clerks and medics who allow the forces to operate against the enemy is an important part of the equation, the chairman of the Joint Chiefs of Staff said this week. During a trip to Pakistan, Saudi Arabia and Turkey, Marine Gen. Peter Pace spoke about establishing the institutions to run Iraq's military. "Priority No. 1 is always going to be training the trigger pullers," Pace said to reporters traveling with him March 26. "Priority No. 2 is training those...
  • Sempra to vastly expand capacity at Mexico LNG terminal - Upsize of project sought

    03/13/2006 7:41:18 PM PST · by NormsRevenge · 5 replies · 211+ views
    San Diego Union - Tribune ^ | 3/13/06 | Elliot Spagat - ap
    SAN DIEGO – Sempra Energy proposed Monday to more than double capacity at its liquefied natural gas terminal under construction in Mexico, strengthening its position in the race to build the first such plant on North America's Pacific coast. Sempra is building in Mexico at a time when rivals seeking permission in California are stumbling over opposition from environmental and NIMBY – “not in my back yard” – groups. The expansion plan is a response to “significant interest we have received from a number of potential natural gas producers and marketers,” said Darcel Hulse, president of Sempra's LNG unit. Sempra...
  • France Secretly Upgrades Capacity Of Nuclear Arsenal

    02/09/2006 5:02:54 PM PST · by blam · 16 replies · 722+ views
    The Guardian (UK) ^ | 2-10-2006 | Kim Willsher
    France secretly upgrades capacity of nuclear arsenal · Modification increases range of missiles· Altitude bomb to knock out electronic systems Kim Willsher in Paris Friday February 10, 2006 The Guardian (UK) France has secretly modified its nuclear arsenal to increase the strike range and accuracy of its weapons. The move comes weeks after President Jacques Chirac warned that states which threatened the country could face the "ultimate warning" of a nuclear retaliation. A military source quoted yesterday by the Libération newspaper claimed France had tinkered with its nuclear weapons to improve their strike capability and make this threat more credible....
  • Crude Oil Prices Rise Above $68 a Barrel ($67.83/bbl)

    01/30/2006 2:43:18 AM PST · by RWR8189 · 9 replies · 587+ views
    Associated Press ^ | January 30, 2006
    SINGAPORE - Oil prices rose Monday on persistent supply fears tied to Iran's tense diplomatic standoff with the West over its nuclear ambitions and militant attacks in oil-rich Nigeria. Light, sweet crude for March delivery rose 53 cents to $68.29 a barrel on the New York Mercantile Exchange in Asian electronic trading. The contract on Friday rose $1.50 to settle at $67.76 a barrel. Heating oil rose 1.16 cents to $1.8185 a gallon while gasoline gained 2 cents to $1.7564 a gallon. March Brent crude on London's ICE Futures exchange rose 49 cents to $66.73 a barrel. Prices also rose...
  • Oil prices rally on threat to Nigeria supply, Iran ($64.93/bbl)

    01/17/2006 1:51:42 AM PST · by RWR8189 · 5 replies · 537+ views
    Reuters ^ | January 17, 2006 | Neil Chatterjee
    SINGAPORE (Reuters) - Oil climbed further on Tuesday as a militant threat to Nigerian oil exports and Iran's standoff with the West over its nuclear ambitions kept the market worried about supply disruptions. London Brent crude for March was up 27 cents to $63.45 a barrel by 0329 GMT, after rising 58 cents on Monday. U.S. light crude for February jumped 86 cents to $64.78 in catch-up gains after being closed for a national holiday on Monday. U.S. crude earlier touched $64.95 a barrel, its highest since October 4. Crude flows from Nigeria, the world's eighth-largest oil exporter, are being...
  • Crude Oil Futures Fall ($56.79/bbl)

    11/29/2005 2:15:33 AM PST · by RWR8189 · 18 replies · 772+ views
    Associated Press ^ | November 29, 2005 | Gillian Wong
    SINGAPORE (AP) -- Crude oil futures fell Tuesday as unseasonably mild weather along the U.S. East Coast spurred hopes that this year's Northern Hemisphere winter could be warmer than expected, weakening demand for heating fuel. Light, sweet crude for January delivery on the New York Mercantile Exchange lost 34 cents to US$57.02 a barrel in Asian electronic trading. The contract fell US$1.36 to settle at US$57.35 a barrel Monday. In London, January Brent fell 53 cents to US$54.35 per barrel on the ICE Futures exchange. In recent weeks, the market has been fixated on weather patterns in the northeastern U.S.,...
  • Crude Oil Futures Drop Below $58 a Barrel ($57.59/bbl)

    11/28/2005 3:25:31 AM PST · by RWR8189 · 7 replies · 1,563+ views
    Associated Press ^ | November 28, 2005 | GILLIAN WONG
    SINGAPORE - Oil futures fell nearly a dollar, dropping below $58 a barrel, as forecasters predicted warmer weather early this week in the U.S. Northeast, the world's largest heating oil market, easing fears of a spike in fuel demand. Light, sweet crude for January delivery slipped 86 cents to $57.85 a barrel on the New York Mercantile Exchange in electronic trading late afternoon in Singapore. In London, January Brent crude rose 29 cents to $55.30 a barrel on the ICE Futures exchange. "The market's reacting to forecasts that heating oil demand will be 20 percent below normal this week, giving...
  • Oil at 4-month low under $57 ($56.78/bbl)

    11/16/2005 2:33:08 AM PST · by RWR8189 · 14 replies · 727+ views
    Reuters ^ | November 16, 2005 | Paul Marriott
    SYDNEY (Reuters) - Oil dipped to a four-month low under $57 a barrel on Wednesday as dealers braced for a fresh increase in U.S. oil inventories amid unseasonally warm weather. U.S. crude fell as low as $56.82 a barrel in electronic trading, its weakest since July 21. It was trading down 2 cents at $56.96 a barrel by 0746 GMT, extending an 11-week slump that has wiped 20 percent or nearly $14 off prices. London Brent crude was down 3 cents at $55.15. Although some analysts continue to predict a turnaround once temperatures fall and if OPEC opts to cut...
  • Crude Oil Futures Slip ($57.28/bbl)

    11/15/2005 2:34:34 AM PST · by RWR8189 · 5 replies · 706+ views
    Associated Press ^ | November 15, 2005
    SINGAPORE (AP) -- Crude oil futures drifted lower Tuesday as an International Energy Agency official said high pump prices have hurt fuel demand. Light, sweet crude for December delivery fell 6 cents to US$57.63 a barrel in Asian electronic trading on the New York Mercantile Exchange. The contract Monday rose 16 cents to settle at US$57.69. In London, December Brent crude fell 8 cents to US$54.65 a barrel on the ICE Futures exchange. High oil prices have started dampening global demand and the slowdown in consumption growth could in turn push prices lower, Noe Van Hulst, the International Energy Agency's...
  • Oil Prices Up on Northeastern Forecast ($57.94/bbl)

    11/14/2005 3:19:00 AM PST · by RWR8189 · 12 replies · 860+ views
    Associated Press ^ | November 14, 2005
    SINGAPORE - Crude oil futures opened the week slightly higher, briefly rising above $58 a barrel, on predictions a cold snap was headed for the northeastern United States, the world's biggest winter heating fuel market. Light, sweet crude for December delivery rose as much as 57 cents to $58.10 a barrel in electronic trading on the New York Mercantile Exchange, before slipping to $57.78. The contract fell to $56.93 a barrel last week before closing at $57.53 Friday. December Brent crude on London's International Petroleum Exchange was 20 cents higher at $55.19 a barrel. Friday's close was the benchmark contract's...
  • Oil Prices Fall Further Below $58 ($57.12/bbl)

    11/11/2005 2:36:41 AM PST · by RWR8189 · 34 replies · 1,106+ views
    Associated Press ^ | November 11, 2005
    SINGAPORE - Crude oil futures slipped further below $58 a barrel Friday amid reports of rising supply and falling demand. Light, sweet crude for December delivery fell 9 cents to $57.71 a barrel on the New York Mercantile Exchange in electronic trading in Singapore. On Thursday, the contract fell to $57.80, the lowest level for the front-month contract since July 21. The U.S. Energy Information Administration released data that showed natural gas in storage grew more than expected last week, surpassing a level that many analysts believe is necessary to meet winter demand. The Paris-based International Energy Agency said in...
  • Oil Futures Hold Steady Below $60 a Barrel ($59.57/bbl)

    11/02/2005 3:09:11 AM PST · by RWR8189 · 21 replies · 665+ views
    Associated Press ^ | November 2, 2005 | Christopher Torchia
    SINGAPORE (AP) -- Crude oil prices held steady just below US$60 a barrel on Wednesday after predictions of warmer weather in the United States sparked a big drop two days earlier. Market experts said prospects for rising demand could keep prices at current levels. Light, sweet crude for December delivery gained 5 cent to US$59.90 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract rose 9 cents to settle at $59.85 a barrel on the New York Mercantile Exchange, where a day earlier they had fallen nearly US$1.50 to a level about 15 percent...
  • Oil drops, Wilma spares Gulf ($59.70/bbl)

    10/24/2005 2:59:40 AM PDT · by RWR8189 · 18 replies · 1,044+ views
    Reuters ^ | October 24, 2005
    LONDON (Reuters) - Oil shed nearly a dollar on Monday, sinking below $60 after Hurricane Wilma bypassed storm-battered U.S. oil and gas facilities in the Gulf of Mexico. U.S. light crude fell as low as $59.56 a barrel, the lowest since July 28. It was down 93 cents by 0922 GMT to $59.70, reversing a gain of 61 cents on Friday on fears Wilma could hinder the recovery of oil operations in the Gulf. Prices were 16 percent below the record-high of $70.85 a barrel struck in late August in the wake of Hurricane Katrina. London Brent crude lost 96...
  • Oil drops $1, Wilma threat eases ($63.43/bbl)

    10/18/2005 4:47:33 AM PDT · by RWR8189 · 3 replies · 589+ views
    Reuters ^ | October 18, 2005
    LONDON (Reuters) - Oil fell $1 a barrel on Tuesday as a threatened hurricane was expected to miss rigs and refineries in the U.S. Gulf and the world's top banker said record prices were eroding demand. U.S. crude lost 98 cents to $63.38 a barrel by 1125 GMT, after a gain of 2.8 percent on Monday. London Brent crude was $1.06 down at $59.51 a barrel. Tropical Storm Wilma gained strength in the Caribbean Sea and was expected to become a full-blown hurricane, but its path was set to shift east toward Florida and away from the heart of U.S....
  • Oil up after IEA says demand resilient ($62.30/bbl)

    10/11/2005 5:03:23 AM PDT · by RWR8189 · 3 replies · 457+ views
    Reuters ^ | October 11, 2005 | Janet McBride and Peg Mackey
    LONDON (Reuters) - Oil climbed back above $62 on Tuesday after the International Energy Agency said it saw no lasting damage to demand that has pushed producers and refiners to the limit and could lead to fuel shortages this winter. There have been signs recently that persistent high prices are taking their toll on the economies of the world's big consumers. Hurricanes that battered U.S. Gulf rigs and refiners catapulted oil to new record highs, finally crimping fuel use. But the IEA, adviser to 26 industrialized nations, forecast demand growth would quicken to 1.75 million barrels per day next year...
  • Oil eases toward $62 ($62.08/bbl)

    10/06/2005 3:57:34 AM PDT · by RWR8189 · 54 replies · 882+ views
    Reuters ^ | October 6, 2005 | Jiwon Chung
    TOKYO (Reuters) - Oil prices fell for a fifth day on Thursday, dipping to their lowest level in two months after U.S. government data showed a drop in oil demand in the world's largest consumer. U.S. crude futures for November slid 19 cents to $62.60 a barrel, having earlier traded as low as $62.23. London Brent crude was down 32 cents to $59.80. Oil prices have fallen sharply from their August 30 record high of $70.85 on signs that soaring costs are eroding demand, offsetting fears over tight supplies in the wake of hurricanes that toppled production platforms and shut...
  • Crude Oil Prices Slide ($64.83/bbl)

    10/04/2005 4:01:29 AM PDT · by RWR8189 · 12 replies · 629+ views
    Associated Press ^ | October 4, 2005 | GILLIAN WONG
    SINGAPORE -- Oil prices slipped Tuesday after the U.S. government indicated it might release emergency stockpiles of heating oil to combat supply disruptions from recent hurricanes. But energy futures were not expected to continue their retreat for long, analysts said, because a U.S. petroleum inventories report due later in the week was likely to show that Hurricane Rita hurt supply ahead of the coming Northern Hemisphere winter. Midmorning in Singapore, light, sweet crude for November delivery fell 16 cents to $65.31 a barrel in Asian electronic trading on the New York Mercantile Exchange. The contract fell 77 cents to settle...
  • Oil holds above $66 ($66.60/bbl)

    09/29/2005 4:34:03 AM PDT · by RWR8189 · 12 replies · 3,767+ views
    Reuters ^ | September 29, 2005 | Peg Mackey
    LONDON (Reuters) - Oil held firm above $66 a barrel on Thursday stoked by fears that hurricane-wrecked U.S. refineries would be unable to churn out ample heating fuel to warm American consumers this winter. But Europe was riding to the rescue again, booking tankers of gasoline and heating oil to move transatlantic to help prevent a full-blown fuel crisis in the world's biggest oil consumer. Strikes in France, a leading U.S. oil products supplier, meant French refiners might sit on the sidelines. U.S. crude on the New York Mercantile Exchange was up 6 cents at $66.41 a barrel by 1000...
  • Oil nears $68, Rita threatens facilities ($67.75/bbl)

    09/22/2005 3:25:54 AM PDT · by RWR8189 · 2 replies · 416+ views
    Reuters ^ | September 22, 2005
    LONDON (Reuters) - Oil raced toward $68 on Thursday as Hurricane Rita bore down on Gulf of Mexico oil and gas production and forced six refineries in Texas to shut down. Companies scrambled to close facilities and evacuate staff as Rita, now a maximum Category 5 storm, aimed her 175 mph (280 kph) winds on Texas, home to a quarter of U.S. refining capacity. It is expected to hit land by early Saturday. "Rita will remain the market's focus ... unless it unexpectedly breaks apart. But with it being such a fierce storm we wouldn't play the short side of...
  • Oil prices up on hurricane fears, OPEC ($63.75/bbl)

    09/19/2005 3:41:44 AM PDT · by RWR8189 · 32 replies · 780+ views
    Reuters ^ | September 19, 2005 | Paul Marriott
     SYDNEY (Reuters) - Oil prices climbed more than 1 percent on Monday as a new storm system appeared to be headed for the U.S. Gulf Coast, and as OPEC ministers appeared to favor leaving crude output unchanged for now.U.S. light crude rose 78 cents to $63.78 a barrel as the season's 17th tropical storm formed near the Bahamas and OPEC members leaned toward taking no immediate action on extra supply. London Brent crude jumped 93 cents to $62.74 a barrel. Those gains helped prices rebound from a near $2 fall on Friday, which took oil to its lowest close in...
  • Oil under $65 as demand declines ($64.46/bbl)

    09/16/2005 2:48:32 AM PDT · by RWR8189 · 47 replies · 887+ views
    Reuters ^ | September 16, 2005 | Felicia Loo
    SINGAPORE (Reuters) - Oil eased further below $65 on Friday on fears that record high prices are undermining global demand, overshadowing nagging worries about refined fuel supplies in the United States, the world's top consumer. U.S. light crude was trading down 26 cents at $64.49 a barrel by 0515 GMT, extending a loss of 34 cents on Thursday. London Brent crude slipped 16 cents to $63.50 a barrel. U.S. prices have fallen sharply from a record high $70.85 on August 30, just a day after Hurricane Katrina hit the U.S. Gulf Coast, toppling oil platforms and shutting down refineries. Oil's...
  • US oil falls, Brent steady ($66.60/bbl)

    09/05/2005 11:10:16 PM PDT · by RWR8189 · 30 replies · 1,054+ views
    Reuters ^ | September 5, 2005
    SINGAPORE (Reuters) - U.S. oil prices slid in post-holiday trade on Tuesday, while Brent crude was steady as industrialised countries began to release oil from emergency stocks to make up for U.S. output disrupted by Hurricane Katrina. Fears that the aftermath of the storm could dent consumer confidence and trim U.S. economic growth also weighed on prices, while battered Gulf of Mexico refineries began to restart. U.S. light crude fell $1.03, or 1.5 percent, to $66.54 a barrel by 0508 GMT, following London Brent crude's $1.22 losses on Monday when U.S. trade was closed for a holiday. Brent crude edged...