Thread: Oil Slick Stuff

03/04/2011 - Updated 9:01 AM ET
Oil holds gains after U.S. jobs report By William L. Watts, MarketWatch & Greg Morcroft, MarketWatch

NEW YORK (MarketWatch) — Oil futures rose Friday amid ongoing worries that turmoil in Libya could disrupt supplies, with prices resuming an upward trend seen for most of the week and cementing gains atop the $100-a-barrel level.
Oil held gains of more than 1% after the U.S. government reported a smaller-than-expected number of new jobs in January.
Crude traded at $103.19, up 1.2% after the report, which said job growth accelerated in February and the unemployment rate fell for the third straight month.
http://markets.usatoday.com/custom/u...0212804637C%7D

Originally Posted by nnuut

03/04/2011 - Updated 9:01 AM ET
Oil holds gains after U.S. jobs report By William L. Watts, MarketWatch & Greg Morcroft, MarketWatch

NEW YORK (MarketWatch) — Oil futures rose Friday amid ongoing worries that turmoil in Libya could disrupt supplies, with prices resuming an upward trend seen for most of the week and cementing gains atop the $100-a-barrel level.
Oil held gains of more than 1% after the U.S. government reported a smaller-than-expected number of new jobs in January.
Crude traded at $103.19, up 1.2% after the report, which said job growth accelerated in February and the unemployment rate fell for the third straight month.
http://markets.usatoday.com/custom/u...0212804637C%7D

Oil's still the Big News - we shrugged off the jobs report like it didnt happen.

Originally Posted by nnuut

I think it's mainly Speculation. The Gamblers think the problems in the Mid East will escalate, especially when they start the demonstrations in Saudi Arabia next week, March 11th.

Or we're just flat running out of oil and what there is left is going to be more expensive...period.

I guess I've been listening to too much Jim Puplava on the ole iPod.

Originally Posted by KevinD

Or we're just flat running out of oil and what there is left is going to be more expensive...period.

Or we're just not allowed to drill for the oil...

I vaguely remember someone mentioning that they wanted to see $9/gal gas here in the USA to force us to dump our SUVs, use public transportation, and move closer to our jobs...

Sigh, I just want to go home and go to sleep... then wake up and be back in Kansas...

So why was oil not an issue yesterday?

It's crazy that one day it seems to drag everything down and the next it isn't even a concern.

Greek flagged Tanker carrying $200 milllion in crude oil hijacked off Somalia.

Attachment 10707

http://www.voanews.com/english/news/africa/Pirates-Seize-Oil-Tanker-with-200-Million-of-Crude-115664679.html


It's the SECOND tanker captured in two days. Yesterday, a supertanker ws hijcked off the coast of Oman. That one is carrying oil destined to the United States.

Somali pirates captured the supertanker Irene SL early Wednesday off the coast of Oman as it was transporting some 2 million barrels of Kuwaiti crude oil destined for the United States.

Oil being transported in those waters is vunerable.


WE- the United States, are paying through the nose trying to protect them with our Navy ships in the area. That protection isn't enough, and it's NOT being billed to the oil companies, like it should be.


That's all I am going to say. Except for this-

You notice they aren't hijacking John Deere tractors out in Northern Illinois...



(We HAVE a choice.

YOU can choose to send your money to Middle East terrorists, or to Mid-west farmers. We HAVE a choice.)

Nice Tractor. Mid 30's.
I've got a 51 Ford 8N I wish I had the time to rebuild.

Originally Posted by James48843

That's all I am going to say. Except for this-

You notice they aren't hijacking John Deere tractors out in Northern Illinois...



(We HAVE a choice.

YOU can choose to send your money to Middle East terrorists, or to Mid-west farmers. We HAVE a choice.)

That tractor runs pretty well on ethanol, right? Nuff said.

Originally Posted by Minnow

That tractor runs pretty well on ethanol, right? Nuff said.

Yes, in fact it does. Many 1930's tractors were originally designed to be powered by ethanol. And many were designed to be both alcohol OR gasoline. Just ask Henry Ford, who happend to design the first Model "T" as an ethanol fueled vehicle, before he went off and designed a lot of farm tractors too.

But 1930's farm tracors aren't the only ones capable of using ethanol.

Here is a modern one too.


and the story:

http://domesticfuel.com/2006/09/20/e...ctor-research/


You can design just about anything you want these days.

Ethanol powered tractors, aircraft, cars, trucks. All are possible.
Here is a Brazilian company now making Ethanol tractor engines in new tractor mass-production.
http://www.fwi.co.uk/Articles/2010/0...el-tractor.htm


And you can do biodiesel as well. For all of those applicaitons.

All it takes is COMMITTMENT to do things differently.

You'll find it is not only possible, but it is cost competitive.

And no Somali pirates interfere, either....

Originally Posted by James48843

You can design just about anything you want these days. Ethanol powered tractors, aircraft, cars, trucks. All are possible. And you can do biodiesel as well. For all of those.

However, http://environment.about.com/od/etha...ol_problem.htm

I just don't understand why we want to burn our food?!?

lol, here come the flames...

Originally Posted by Buster

This is the kind of stuff I'm talking about that will be going on in the "mean time" while our Oil industry Drills for all that Oil in the US to free us from foreign dependency.

Mass. company making diesel with sun, water, CO2

A Massachusetts biotechnology company says it can produce the fuel that runs Jaguars and jet engines using the same ingredients that make grass grow.

Joule claims, for instance, that its cyanobacterium can produce 15,000 gallons of diesel full per acre annually, over four times more than the most efficient algal process for making fuel. And they say they can do it at $30 a barrel.

http://news.yahoo.com/s/ap/20110227/...s_growing_fuel

Originally Posted by KevinD

At least somebody's trying to use something besides food. World population has doubled in the last 50 years...from around 4 billion to over 8 billion.
We're gonna need to eat the corn...

Originally Posted by RealMoneyIssues

However, http://environment.about.com/od/etha...ol_problem.htm

I just don't understand why we want to burn our food?!?

lol, here come the flames...

Yep...