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Thread: Oil Slick Stuff

  1. #14821

    Default Re: Oil Slick Stuff

    Ethanol spills on the rise in the Midwest

    An ethanol spill occurs every two days on average in the Midwest, the worst of which result in contamination of water supplies, major fish kills, loss of life and millions of dollars of damage.
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

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  3. #14822

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
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    76,393

    Default Re: Oil Slick Stuff

    Man!! Lots of spilling going on in the USA. I could say a few things but don't want to politicize the news.



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  5. #14823

    Default Re: Oil Slick Stuff

    Point being made is that; feces occurs
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something


  6.  
  7. #14824

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    Oil prices slip from 2-year high as traders brace for OPEC meeting

    Published: Nov 27, 2017 3:53 a.m. ET

    U.S. oil futures pulled back from two-year highs on Monday, as investors turned their attention to OPEC meeting and hopes for an extension to a production-cut deal later this week.
    West Texas Intermediate crude futures for January delivery CLF8, -0.92% eased 54 cents, or 0.9%, to $58.41 a barrel. On Friday, the U.S. benchmark shot up 1.6% to $58.95, settling at a level not seen in more than two years. On June 30, 2015, crude settled at $59.47 a barrel.
    Brent oil LCOF8, -0.20% slipped 26 cents, or 0.4%, to $63.59 a barrel.
    WTI crude prices have been driven higher in recent sessions as U.S. inventory data showed crude stockpiles falling and on disruption to the Keystone pipeline in the U.S. after an oil spill in South Dakota.
    For now, investors are looking ahead to Thursday’s meeting of members of the Organization of the Petroleum Exporting Countries and nonmember oil producers.[more]

    https://www.marketwatch.com/story/oi...ing-2017-11-27



  8.  
  9. #14825

    Join Date
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    Default Re: Oil Slick Stuff

    Oil Slips as Industry Report Said to Show Surprise Storage Build

    by Bloomberg
    |
    Jessica Summers
    |
    Tuesday, November 28, 2017

    (Bloomberg) -- Oil extended its drop after an industry report was said to show a surprise increase in U.S. crude stockpiles.
    Futures edged lower from the settlement in New York after the American Petroleum Institute was said to report U.S. oil inventories rose by 1.82 million barrels last week. That conflicted with the 2.95 million-barrel decline expected in a Bloomberg survey before the Energy Information Administration releases its tally on Wednesday.
    Last week’s 2.3 million-barrel withdrawal from the U.S. Strategic Petroleum Reserve probably helped bloat commercial inventories, said Kyle Cooper, director of research at IAF Advisors. “There was a big draw from the SPR, so part of it was that,” Cooper said by phone. “That’s a little on the bearish side.”
    Oil declined during Tuesday’s session amid uncertainty about Russia’s stance on the OPEC-led effort to extend supply curbs well into next year. While all OPEC members support prolonging production caps beyond their March expiration, Russia hasn’t yet committed to the proposal, according to people familiar with the matter.
    A meeting of the Joint Technical Committee of OPEC and non-OPEC nations recommended the supply accord be extended until the end of 2018, according to a delegate. Iraqi Oil Minister Jabbar Al-Luaibi told reporters in Vienna Tuesday that OPEC is in general agreement to extend its cutbacks and several options are being discussed for the duration, including six months, nine months and one year. Meanwhile, United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei said that he’s “optimistic” on extending the cuts.
    “Everyone’s focus is on OPEC,”’ said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, in a telephone interview. “The takeaway is, it’s not going to be a clean nine-month extension and that’s why you are seeing downward pressure here. We know that the Russian oil companies are pushing back on extending this thing through all of next year.”
    Russia’s Stance




    Oil Slips as Industry Report Said to Show Surprise Storage Build Â*|Â*Rigzone



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  11. #14826

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    Default Re: Oil Slick Stuff

    E10 holding at $2.16 a gallon in Boiled Peanut GA!! Not much price action happening since the Hurricanes, someone is holding the the recovery back, should be lower.



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  13. #14827

    Default Re: Oil Slick Stuff

    In my area E10 dropped to $2.01 over the weekend...now back to $2.07..In REAL GASOLINE TERMS, that is about $2.45/gal
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

  14.  
  15. #14828

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
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    12,148

    Default Re: Oil Slick Stuff

    Over the last week and a half 85 regular has gone from $2.65 to $2.45 a gallon.
    May the force be with us.

  16.  
  17. #14829

    Join Date
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    Boiled Peanut, Georgia, USA
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    Default Re: Oil Slick Stuff

    E10 going for $2.15 a gallon in Boiled Peanut GA!

    https://www.gasbuddy.com/



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  19. #14830

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    Default Re: Oil Slick Stuff

    US Judge Orders Oil-Spill Response Plan For Dakota Access Pipeline

    by Reuters

    |
    Valerie Volcovici
    |
    Monday, December 04, 2017

    WASHINGTON, Dec 4 (Reuters) - A federal judge ordered Energy Transfer Partners LP to coordinate with local tribes and the Army Corps of Engineers to create an oil-spill response plan for the controversial Dakota Access Pipeline by next April, a decision he said will allow oil to keep flowing and prevent spills.
    The order on Monday by U.S. District Judge James Boasberg came nearly six months after he ruled that the Army Corps of Engineers review of the project, which transports oil from North Dakota near Native American reservations to Illinois, was inadequate before it granted federal permits.
    In October the judge ruled that crude oil can continue to flow through the 1,170-mile (1,900-km) North Dakota-to-Illinois pipeline while the review is conducted. It has shipped crude since June.
    The order met the requests of the Standing Rock Sioux and Cheyenne River Sioux tribes to get an independent, third-party auditor to share data obtained during the review. The order must be implemented by April 1.
    “While we think that the pipeline should have been shut down, we are gratified that the federal court has put measures in place to reduce risks and provide some independent oversight to reduce the risk of a spill from this project," said Standing Rock Chairman Mike Faith.[more]

    US Judge Orders Oil-Spill Response Plan For Dakota Access Pipeline | Rigzone



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  21. #14831

    Default Re: Oil Slick Stuff

    $1.97 today
    A wise man speaks when he has something to say...A FOOL speaks when he just has to say something

  22.  
  23. #14832

    Join Date
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    Default Re: Oil Slick Stuff

    Oil Climbs as OPEC Tightening Dovetails With US Supply Drop

    by Bloomberg
    |
    Jessica Summers
    |
    Tuesday, December 05, 2017

    (Bloomberg) -- Crude rose as lower OPEC production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.
    Futures gained 0.3 percent Tuesday in New York. Output by the Organization of Petroleum Exporting Countries last month slid to the lowest in half a year, evidence the cartel is succeeding in reducing a glut. Oil stockpiles in the U.S. probably declined for a third week, according to a survey of analysts before the release of government data on Wednesday.
    OPEC members “continue to abide by their cuts,” Gene McGillian, a market research manager at Tradition Energy in Stamford, Connecticut, said by telephone. “Signs that U.S. inventory levels continue to come down and demand stays strong will probably get the market to restart its rally.”
    Oil has advanced the last three months as OPEC and allied producers curbed output and last week pledged to extend supply limits through all of 2018 to whittle down global inventory levels. Goldman Sachs Group Inc. forecasts oil prices will retain strength at least through next year. Bank of America Merrill Lynch sees Brent crude rising to $70 a barrel by the middle of 2018.
    “Our forecast is that, as expected, if you extend the production-cut agreement through the end of 2018, that surplus will basically erode away, which will be a good thing for oil prices in the long-term,” Rob Thummel, managing director at Tortoise Capital Advisors LLC, which handles $16 billion in energy-related assets, said in a Bloomberg Television interview.[more]

    Oil Climbs as OPEC Tightening Dovetails With US Supply Drop | Rigzone




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