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Oil! When Will the Madness End?
13 hours ago ago from Our Daily Commute
Author: 104Inc.com I don’t know about you guys but I’m getting very sick and tired of having to spend an unreasonable percentage of my monthly income just to drive around. Living in California certainly does not help the situation, either! Some people commute over 90 miles (each way) just to get to work. I guess I’m one of the lucky ones, since I only commute 25 miles to get to work. While I’m sitting there in the usual L.A. traffic, ...
Related contentFire Cuts Suncor’s Output, Won’t Affect Prices
17 hours ago ago from HeatingOil.com » Blog
The Suncor oil sands facility in Alberta. (image: nationalpost.com) A fire at its Fort McMurray, Alberta oil sands facility will force Suncor, Canada’s largest oil producer, to cut production for the next few weeks, according to an article published by Reuters on Thursday . Output will fall from between 120,000 to 150,000 per day until repairs can be made. While Suncor’s stock price dropped by 3.6% due to the incident, oil traders do ...
Related contentNatural Gas Price Rose the Most of All Commodities During 2000s
17 hours ago ago from HeatingOil.com » Blog
Marcellus Shale well in Northwestern PA. (image: LJSTEINCO via flickr.com) Putting its own spin on the onslaught of end-of-decade roundups, the Wall Street Journal ’s Environmental Capital Blog entered the fray with a look back at the most expensive commodities of the aughts . Referring to a report published on Wednesday by Barclays Capital that calculated the change in price on 17 commodities from the last decade to this one, ...
Related contentGood and Bad News?
13 hours ago ago from Jutia Group
First, the good news. Industrial production was up 0.8% in November. That s the fourth gain in five months. Depleted inventories are being replenished, and this might actually help the unemployment rate. The bad news is that prices at the wholesale level rose 1.8%. That number includes food and fuel, which tend to be volatile. Take those items out, and wholesale prices were up just 0.5%. That s actually not bad news at all. ...
Related contentIranian troops enter Iraq and oil prices jump on fears of extended conflict in the Middle East (Oil-Prices)
21 hours ago ago from Oilweek Online
NEW YORK _ Crude prices spiked briefly Friday after Iranian troops crossed into Iraq and seized an oil field.Iraq`s Deputy Foreign Minister Mohammed Haj Aziz said Iranian soldiers surrounded a well Thursday night. He did not know who was in control of the area now.Benchmark crude for January delivery added 53 cents to $73.18 a barrel on the New York Mercantile Exchange. Most of the trading already has switched to the February contract, which ...
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Soraya Sepahpour-Ulrich: Deadly Intentions: The Truth Behind The Iran Rumors
13 hours ago ago from Huffington Post
For the past several days, the spin behind the headlines surrounding Iran's activities have been enough to send any one looking for cover -- or declare war. After all, nuclear bombs, missiles, and the stealing of a neighbor's oil fields is what prompted the "international community" to declare war on Iraq - twice. Why not Iran? As Bill O'Reilly said: " What spin is, is taking a set of circumstances, all right, and taking that circumstance and ...
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