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Oil Prices - President Bush Intervenes! Post Reply Rate topic
Nostradamus Supreme	30-Apr-2006 00:31        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks a lot, scotty :)
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scotty Senior	29-Apr-2006 22:12        scotty About Contact  Quote this Post!   Mood:
x 1   x 0  Alert Admin	Hi Nostradamus... I gave you 2 ticks! :)
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teeth53 Supreme	29-Apr-2006 22:08        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 1  Alert Admin	Oil went up US$74, then down US$71.88 and still US economic growth surged to an annual rate of 4.8% in the 1stQ, its best performance in more than 2 year. I think we R going to live with it. DOW-Mon good good liao then Tues SGX oso good good liao
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Nostradamus Supreme	27-Apr-2006 00:51        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Thanks scotty. Care to give me a tick? :)
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scotty Senior	26-Apr-2006 14:47        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Thanks singaporegal and Nostradamus! good posts!
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Nostradamus Supreme	26-Apr-2006 12:21        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Bush gave the Environmental Protection Agency the authority to relax regional clean-fuel standards to attract more imports of gasoline to the United States and to make it easier for supplies to be moved from one state to another. He also said he would halt deposits of oil to the nation's strategic petroleum reserve until the fall, but analysts said that measure would have next to no impact on crude prices and certainly would not help make gasoline any cheaper. Even the fuel-specification waivers will have a marginal impact, analysts said, given that the main force behind today's soaring pump prices is the near-record price of crude oil. Analysts said a floor remains underneath oil prices, which are 33% higher than a year ago, for a variety of reasons: - With daily global demand roughly 85 million barrels per day, the world's oil producers have less than 2 million barrels per day of spare production capacity, and most of that is for Saudi blends of oil that are less ideal for manufacturing transportation fuels. - Oil traders are nervous about geopolitical tensions ranging from violence in Nigeria to the West's nuclear standoff with Iran to the move toward greater nationalization of natural resources in energy-rich Venezuela. - The global economy is expanding, and that means the thirst for oil is only going to grow. - Speculative investors are piling into energy markets as a way to profit from soaring prices and geopolitical turmoil that could potentially be bad for equities prices.
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singaporegal Supreme	26-Apr-2006 11:57        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 2   x 2  Alert Admin	Oil stocks not doing very well today. I guess its probably because of this.
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scotty Senior	25-Apr-2006 22:31        scotty About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Breaking news from CNN!! I think this would be good for the stock markets that are freaked out about the high oil prices. "President Bush has decided to temporarily halt deposits to the nation's Strategic Petroleum Reserve to increase oil to consumers and to slow rising gas prices, a senior administration official said today. Bush, who is speaking on energy policy at this hour, also has ordered a federal investigation into possible gas price gouging."
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