Any of you cats want to update your oil predictions? CLX07 has gone up $6 bbl since this thread was started 2 weeks ago.
Full service aviation gas is $5.27/gal at my airport
Full service aviation gas is $5.27/gal at my airport
TOP 100 best indicators: post good indicators here 646 replies
The Right Trade to Make If You Are Targeting $100 Oil, by Kathy Lien 1 reply
Saudi Arabia Crude Oil & Lease Condensate Production
Saudi Arabia remains a key producer in the world and continually reminds the world of its enormous reserves and surplus production capacity.
This paragraph on capacity in IEA's 12 June 2007 Oil Market Report, page 15, explains Saudi Arabia’s current surplus capacity situation within an OPEC context.
Notional spare capacity stands at 4.0 mb/d, while our measure of effective spare capacity (excluding Indonesia, Iraq, Nigeria and Venezuela) stands at 2.85 mb/d. Although these volumes are physically producible, even this lower figure likely overstates what OPEC could actually shift onto the market given current prices and shortages in refinery upgrading capacity. Heavy, sour Saudi Arabian and Kuwaiti crude accounts for 88% of the effective spare capacity figure. In the absence of substantial discounts, these volumes might struggle to find buyers while sizeable amounts of refinery upgrading capacity remain offline for scheduled and unscheduled maintenance. Readily marketable spare crude capacity may therefore be much lower, and a more accurate reflection of current market tightness.
Congressman Roscoe Bartlett
Congressional Record
THE PEAKING OF WORLD OIL
House of Representatives
DislikedI don't. I blame Nancy Pelosi
If only there were a way to convert that to USD...hmmmIgnored
DislikedIgnored
DislikedA ha, a Democrat like Hillary who moved across the country to California, to run for Congress. You know who you would like see run this country.
What's that other link for?Ignored
DislikedDo you guys know of any charting software that gives you quotes on crude and futures and forex? I want to see Dow Jones and Oil in the same darn dialog, and all I have now is a few crappy websites.Ignored