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Reply With QuoteJuly 20, 2012, 3:51 p.m. EDT
Oil snaps winning streak, but up 5% on week
Oil snaps winning streak, but up 5% on week - Futures Movers - MarketWatch
Re: Oil Slick Stuff
Many US Voters Fear 'Foreign Oil,' But Should They?
by Matthew V. Veazey
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Rigzone Staff
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Friday, July 20, 2012
RIGZONE - Many US Voters Fear 'Foreign Oil,' But Should They?
"Energy independence" corresponds to a country being self-sufficient in terms of supplying its own oil, natural gas, coal and other fuels for transportation and electricity. "Energy security," meanwhile, refers to its having reliable and affordable access to vital energy sources – whether they are produced domestically or abroad -- to meet its needs.The central argument for those espousing energy independence is often that the United States needs to end its reliance on "foreign oil." As figures from the U.S. Department of Energy's Energy Information Administration (EIA) show, the volume of U.S. oil imports actually has been declining since peaking in 2005. Frequently cited reasons for the decrease include lower demand during the economic downturn, changing consumer behavior and increasing domestic production. The latter factor is expected to remain on an upward path. In January of this year, EIA projected that domestic oil production will increase by 20 percent by the year 2020. Moreover, EIA forecasted that the United States will become an overall net exporter of natural gas the following year.
Despite the changing U.S. oil import picture, "foreign oil" appears to be a lingering concern for Americans
Re: Oil Slick Stuff
July 20, 2012, 3:51 p.m. EDT
Oil snaps winning streak, but up 5% on week
Oil snaps winning streak, but up 5% on week - Futures Movers - MarketWatch
Re: Oil Slick Stuff
Re: Oil Slick Stuff
If you have enough money you can buy anything, even the USA!Originally Posted by CrabClaw
Re: Oil Slick Stuff
Dollar down, looking good for equities, so far.
U.S. Dollar Index (DXY), DXY Index Quote - (NYE) DXY, U.S. Dollar Index (DXY) Index Price
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Re: Oil Slick Stuff
July 25, 2012, 11:41 a.m. EDT
Oil futures add to loss after supply data
By Claudia Assis and Virginia Harrison, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures added to losses Wednesday following a bearish inventories report that showed a surprise increase for crude supplies and above-estimate increases for crude products such as gasoline.
Crude for September delivery CLU2 +0.34% declined $1.19, or 1.4%, to $87.29 a barrel on the New York Mercantile Exchange.
Crude traded lower for most of the Asian session and regained some strength into European and early North American sessions. It relinquished gains, however, shortly before the inventories report as traders reacted to negative U.S. housing data.
The Energy Information Administration said crude supplies rose 2.7 million on the week ended July 20.
That contrasted with expectations of a decline around 250,000 barrels, according to analysts polled by Platts.
Oil futures add to loss after supply data - Futures Movers - MarketWatch
Re: Oil Slick Stuff
Oh My!
Crude Oil - Electronic (NYMEX) Sep 2012, CLU2 Future Quote - (NMN) CLU2, Crude Oil - Electronic (NYMEX) Sep 2012 Future Price
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Re: Oil Slick Stuff
Dollar headed down, Oil Up Market should follow for now.
U.S. Dollar Index (DXY), DXY Index Quote - (NYE) DXY, U.S. Dollar Index (DXY) Index Price
dollar.jpg
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