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View unanswered posts | View active topics
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nemo
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Post subject: Re: Another Record  Posted: Mon Apr 14, 2008 1:54 pm |
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Joined: Tue Apr 18, 2006 12:00 am
Posts: 220
Location: 64ÂşN, 21ÂşE
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nth
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 2:19 pm |
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Joined: Thu Feb 24, 2005 1:00 am
Posts: 1976
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These high prices are backed by real demand. This is not just speculators pushing the prices up. Real oil deliveries from Nigeria and Alaska are at records, too! I cannot believe Alaskan North slope oil has zero discounts versus sweet crude.
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sjn
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 4:51 pm |
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Joined: Wed Mar 09, 2005 1:00 am
Posts: 792
Location: UK
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nth wrote: These high prices are backed by real demand. This is not just speculators pushing the prices up. Real oil deliveries from Nigeria and Alaska are at records, too! I cannot believe Alaskan North slope oil has zero discounts versus sweet crude. Probably speculators depressing the light sweet price! 
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joewp
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 8:40 pm |
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Joined: Tue Apr 05, 2005 12:00 am
Posts: 1778
Location: Out in the streets of a runaway american dream
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New record just a few minutes ago: $112.45
_________________
Joe P. United Political Debate
"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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KingDavid
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:06 pm |
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Joined: Fri Feb 29, 2008 1:00 am
Posts: 55
Location: Borgloon, Belgium
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joewp wrote: New 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...
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Last_Laff
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:09 pm |
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Joined: Sat Sep 16, 2006 12:00 am
Posts: 278
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Why is this still going on after hours?
_________________
"Panic is not a strategy." - BigTex
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Armageddon
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:16 pm |
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Joined: Wed Apr 13, 2005 12:00 am
Posts: 3689
Location: St.Louis, Mo
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Last_Laff wrote: Why 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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something_awfull
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:22 pm |
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Joined: Sat Aug 13, 2005 12:00 am
Posts: 270
Location: Sydney, Australia.
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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
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DantesPeak
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:24 pm |
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Joined: Sat Oct 23, 2004 12:00 am
Posts: 6333
Location: New Jersey
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Armageddon wrote: “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: Quote: April 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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joewp
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:33 pm |
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Joined: Tue Apr 05, 2005 12:00 am
Posts: 1778
Location: Out in the streets of a runaway american dream
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KingDavid wrote: joewp wrote: New 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. United Political Debate
"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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Last_Laff
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 9:46 pm |
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Joined: Sat Sep 16, 2006 12:00 am
Posts: 278
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Well, that sort of make sense... thanks Armageddon
_________________
"Panic is not a strategy." - BigTex
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eastbay
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 10:02 pm |
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Joined: Sat Dec 18, 2004 1:00 am
Posts: 6416
Location: One Mile From the Columbia River
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Last_Laff wrote: Why is this still going on after hours?
It's not after-hours in China.
_________________
Got Dharma?
Everything is Impermanent. Shakyamuni Buddha
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Last_Laff
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Post subject: Re: Another Record Posted: Mon Apr 14, 2008 10:11 pm |
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Joined: Sat Sep 16, 2006 12:00 am
Posts: 278
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eastbay wrote: Last_Laff wrote: Why is this still going on after hours? It's not after-hours in China.Well, no it's not, I know that. But considering watching this at 11pm is like after-hours here. But as Armageddon explained which is the answer to my question.
_________________
"Panic is not a strategy." - BigTex
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whereagles
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Post subject: Re: Another Record Posted: Tue Apr 15, 2008 2:58 am |
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Joined: Wed Aug 17, 2005 12:00 am
Posts: 581
Location: Portugal
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joewp wrote: All this for $1 a trade for stocks and options and $2.95 round trip for futures.
wow.. that's a bargain these days. Where do I sign up???
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KevO
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Post subject: Re: $112.48 Posted: Tue Apr 15, 2008 3:16 am |
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Joined: Tue May 24, 2005 12:00 am
Posts: 2532
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