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NYMEX oil ends below $50 on ample supply
Reuters
| Fri Apr 29, 2005 02:49 PM ET
Posted on 04/29/2005 12:09:00 PM PDT by Asphalt
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1
posted on
04/29/2005 12:09:01 PM PDT
by
Asphalt
To: Asphalt
Ample supply? The media has been lying to us all these months?
To: Asphalt
Quick! Everybody go buy a barrel of oil and watch the price fall even more!
3
posted on
04/29/2005 12:11:09 PM PDT
by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
To: Asphalt
My station had beter be down a dime when I go home, or there'll be hell to pay!
4
posted on
04/29/2005 12:11:27 PM PDT
by
grobdriver
(Let the embeds check the bodies!)
To: MisterRepublican
The media has been lying to us all these months? I'm stuned... so is my beeber.
5
posted on
04/29/2005 12:12:10 PM PDT
by
clee1
(We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
To: Asphalt
What did I tell ya... when Goldman Sachs made their price spike prediction, I said short oil futures... one could have made $5 per short or more in the space of three weeks!
Next time, I take my own investment advice.
6
posted on
04/29/2005 12:14:08 PM PDT
by
thoughtomator
(SUVs have no place as passenger vehicles - ban them from urban and suburban areas)
To: thoughtomator
What did I tell ya... when Goldman Sachs made their price spike prediction, I said short oil futures... I remember your post.. I am kicking myself for not following your advice....
To: Asphalt
But...BUT...but...
Katie Couric, in an interview this morning commented about "the SOARING gas prices"...with no end in sight...???
To: Asphalt
As I noted on other threads, the Wall Street Journal has been reporting for some time now that crude oil inventories have increased in each of the last 11 months. Crude supplies are now at a three year high.
Gasoline supplies are not as similarly abundant, but crude supplies are plump now. This seems to speak to two issues that seems to be causing the persistant high gas prices, overall refining capacity, and the 900 variations of reformulated gas now required.
9
posted on
04/29/2005 12:18:32 PM PDT
by
Obadiah
To: Stand Watch Listen
History has proven otherwise. Soaring prices fall at some point.
10
posted on
04/29/2005 12:19:25 PM PDT
by
meatloaf
To: thoughtomator
Here's an interesting article from FR yesterday:
Oil Slides under $51 On GDP, Stocks.In it, Deutsche Bank said "Downward pressure is building into a tremendous head that needs to be released by either higher crude demand or a collapse in prices."
A collapse. Not just a drop, a lowering, an easing.... a collapse.
This is very good news for President Bush.
11
posted on
04/29/2005 12:20:07 PM PDT
by
Terabitten
(I have a duty as an AMERICAN, not a Republican. We can never put Party above Nation.)
To: Asphalt
This is a direct result of President Bush's energy policy speech yesterday. Folks realize he is serious about making sweeping changes re: energy.
12
posted on
04/29/2005 12:23:50 PM PDT
by
Jmouse007
("Negotiate and die!" Brought to you by "Islam the Religion of Peace tm")
To: Asphalt
Good news but we still need new refineries!
AZ is okaying a new one but there hasn't been a new refinery built in over THIRTY FRIGGIN' YEARS!!
13
posted on
04/29/2005 12:26:58 PM PDT
by
kellynla
(U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
To: grobdriver
Not in Arizona. I just heard this morning that since we will be switching to summer blend, it will be going up. So says that perky little Kim Pappas-Miller from AAA. She gets on my nerves but that is what she said.
I paid $2.41 today.
14
posted on
04/29/2005 12:31:32 PM PDT
by
hsmomx3
(Steelers in '06)
To: kellynla
AZ is okaying a new refinery? Do you have a link so I can where they are putting it?
I lived in Phoenix a few years, and loved it. Unfortunately, family considerations lead me back to CA.
15
posted on
04/29/2005 12:33:07 PM PDT
by
stylin_geek
(Liberalism: comparable to a chicken with its head cut off, but with more spastic motions)
To: Asphalt
There is something going on in the market. The numbers are all over the board. I am wondering if some one is trying to manipulate the market. This doesn't make sense.
16
posted on
04/29/2005 12:33:21 PM PDT
by
Perdogg
(Rumsfeld for President - 2008)
To: stylin_geek
I think it is somewhere near Yuma. I'll have to find the article for you.
17
posted on
04/29/2005 12:37:27 PM PDT
by
hsmomx3
(Steelers in '06)
To: hsmomx3
2.09 here in OK, plenty high enough for us.
18
posted on
04/29/2005 12:37:45 PM PDT
by
Asphalt
(Three can keep a secret if two are dead.)
To: Perdogg
19
posted on
04/29/2005 12:42:18 PM PDT
by
stylin_geek
(Liberalism: comparable to a chicken with its head cut off, but with more spastic motions)
To: Asphalt
20
posted on
04/29/2005 12:42:38 PM PDT
by
BenLurkin
(O beautiful for patriot dream - that sees beyond the years)
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