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Fogbuster 02-12-2009 02:37 PM

Crude now at $33.98 -- Drill, baby, drill!!
 
Oil slides toward multiyear lows
Feb 12 02:54 PM US/Eastern
By MARK WILLIAMS
AP Energy Writer

COLUMBUS, Ohio (AP) - Oil prices slid closer to a new multiyear low Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the economy and demand for energy.

Retail gas prices, meanwhile, reached a new high for 2009 on Thursday and appeared headed back to $2 a gallon as refiners cut back on production.

Light, sweet crude for March delivery tumbled $1.96, more than 5 percent, to settle at $33.98 a barrel on the New York Mercantile Exchange. The contract has closed lower every day this week.


Oil slides toward multiyear lows


God bless Geo W. Bush. He spoke, the market responded. Imagine if we had just left it all to Pelosi.


:scared:


:disagreement:


:nono:


:explative:


//

DarrylS 02-12-2009 02:44 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
You are aware of this of course...


Environmental Capital - WSJ.com : Don't Drill, Baby: Interior Department Halts Offshore Drilling Push

Don’t Drill, Baby: Interior Department Halts Offshore Drilling Push

Quote:

The Obama administration called time out Tuesday afternoon on one of the Bush administration’s last moves—opening up parts of the Outer Continental Shelf for more oil and gas drilling.

The decision by Interior Secretary Ken Salazar to further study the country’s offshore energy potential doesn’t mean offshore oil drilling is entirely off the table. But it does spell a steeper road for oil and gas interests hoping to tap into offshore reserves that have long been off-limits, even as it raises the prospect of more renewable-energy development there.
Salazar: “These should not be partisan issues.” (AP)
The Bush decision “was a headlong rush of the worst kind. It was a process rigged to force hurried decisions based on bad information,” secretary Salazar said Tuesday. “It was a process tilted toward the usual energy players while renewable energy companies and the interests of American consumers and taxpayers were overlooked.”


Fogbuster 02-12-2009 02:47 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by DarrylS (Post 1281596)
You are aware of this of course...


Environmental Capital - WSJ.com : Don't Drill, Baby: Interior Department Halts Offshore Drilling Push

Don’t Drill, Baby: Interior Department Halts Offshore Drilling Push


Obama's wonks can try to kill all progress in America, but the natives are getting restless and the Ouija board economics of the new administration may find some hard questions being asked.


//

Holy Diver 02-12-2009 02:49 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by Fogbuster (Post 1281592)

God bless Geo W. Bush. He spoke, the market responded.

//


Have you looked at the 'market' lately?

The only company doing fine is Exxon/Mobil.....


gee I wonder why that is?

Fogbuster 02-12-2009 02:49 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by DarrylS (Post 1281596)
You are aware of this of course...


Environmental Capital - WSJ.com : Don't Drill, Baby: Interior Department Halts Offshore Drilling Push

Don’t Drill, Baby: Interior Department Halts Offshore Drilling Push


Obama's wonks can try to kill all progress in America, but the natives are getting restless and the Ouija board economics of the new administration may find some hard questions being asked.

Thank God Geo Bush acted when he did last summer or the entire energy thing might have gone completely off the rails. We be buying oil from the Somali pirates as they poached every tanker leaving the Gulf.

:nono:


//

Holy Diver 02-12-2009 02:50 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by Fogbuster (Post 1281606)
Obama's wonks can try to kill all progress in America, but the natives are getting restless and the Ouija board economics of the new administration may find some hard questions being asked.

Thank God Geo Bush acted when he did last summer or the entire energy thing might have gone completely off the rails. We be buying oil from the Somali pirates as they poached every tanker leaving the Gulf.

:nono:


//

are you on Earth?

Fogbuster 02-12-2009 02:52 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by Holy Diver (Post 1281604)
Have you looked at the 'market' lately?

The only company doing fine is Exxon/Mobil.....


gee I wonder why that is?


Because they brought down the Twin Towers???? :rolleyes:


Seriously, I'm just glad it's Exxon-Mobil -- though their triple-chinned chairman makes me feel ill to see him -- than some foreign company.


//

DarrylS 02-12-2009 02:54 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by Fogbuster (Post 1281606)
Thank God Geo Bush acted when he did last summer or the entire energy thing might have gone completely off the rails. We be buying oil from the Somali pirates as they poached every tanker leaving the Gulf.
//

And the fogman got an athletic scholarship to Dartmouth...
Rush Limbaugh belongs to a union.. Nixon was a great president if it were not for Woodward and Bernstein... see a trend here...

:yawn2::yawn2:

Fogbuster 02-12-2009 02:54 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
Quote:

Originally Posted by Holy Diver (Post 1281609)
are you on Earth?



Actually, I'm up on the space station doing a little maintenance on the com system.


But I plan to be back down soon.

Thanks for asking!!!

:singing: ..................................:singing:


//

Real World 02-12-2009 02:56 PM

Re: Crude now at $33.98 -- Drill, baby, drill!!
 
I paid $1.89 yesterday, so WTF?


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