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2009-01-15 Home Front Economy

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Posted by Fred 2009-01-15 00:00|| || Front Page|| [1 views ] Top

#1 Like they have kept to production limits in the past... yawn.

Posted by 3dc 2009-01-15 00:48|| 2009-01-15 00:48|| Front Page Top

#2 We're still working on drilling, right?

Posted by gorb 2009-01-15 03:13|| 2009-01-15 03:13|| Front Page Top

#3 I don't know what market this article is citing, but WTI Crude has been on the slide for the last 5 days. So yeah.

Posted by bigjim-ky 2009-01-15 07:32|| 2009-01-15 07:32|| Front Page Top

#4 Does it seem like now is not the right time to try to create an artificial oil shortage? A guy could go broke doing that.

Posted by bigjim-ky 2009-01-15 07:33|| 2009-01-15 07:33|| Front Page Top

#5 As an aside, in Dec they agreed to cut 2.2 million barrels, and I believe Iraq output is approaching 2.4 million barrels. Where is the Iraqi oil going to ?

Posted by Tom- Pa 2009-01-15 09:14|| 2009-01-15 09:14|| Front Page Top

#6 Spot price on WTI right now is $33.94, and Brent's down $2 to $45.47. Either this is a week-old article, or they're hallucinating solutions into existence in the Iranian media.

And by the way? a $11-plus gap between European and American oil is pretty damned impressive. I'm not quite sold on it all being an artifact of a temporary glut in American private reserve supplies.

Posted by Mitch H.">Mitch H. 2009-01-15 13:13|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2009-01-15 13:13|| Front Page Top

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