@Schizo good to see you back , we miss you here especially when we get these wiered posts that needs disciplanary action like the one you just issued .. May be we put a policy in place like every member who like to post here needs to depost $100 and every citation deducts $20 and will be credited to forum admin @Schizo ( to partially compensate for his policing effort ) You must be busy/travelling we have not heard you for some time ..
<b>This Time Around, Higher Oil Prices Could Be Here to Stay</b> http://www.reuters.com/article/2011/04/07/idUS424964730520110407 1/ "The more one looks at uprisings in the Middle East, the more one realizes they will not be easy to resolve," said commodities trader Christopher Bellew to Bloomberg. "At the same time, oil demand is relatively inelastic to higher prices." 2/ In recent weeks, there has been a <b>growing sense that this latest oil price spike may not be as temporary or "speculative" as once thought. </b> Rising demand from China-which the country's biggest producer, PetroChina, now says will grow 14 percent by 2015-is <b>considered among the most significant factors driving the bullish longterm outlook.</b> 3/ A senior Department of Energy confirmed this view in an interview with Platts Energy this week, indicating an opinion on the part of the administration that this time, higher oil prices are here to stay. "What's different is that if you look at the growth of other economies, like China and India...I think the demand for oil is going to go up, and that [oil] prices in the future will likely on average go up" said acting Undersecretary of Energy, Arun Majumdar. ----------------- NEW YORK, April 7 (Reuters) - U.S. crude oil futures prices jumped above $110 a barrel on Thursday for the first time since 2008 amid uncertainties about supply in Libya, the Middle East and Nigeria <b> Traders also cited - supportive data showing jobless claims fell last week and - retail sales fared better than expected in March. </b>
Troll (Internet) "Do not feed the trolls" and its abbreviation "DNFTT" redirect here. In Internet slang, a troll is someone who posts inflammatory, extraneous, or off-topic messages in an online community, such as an online discussion forum, chat room, or blog, with the primary intent of provoking other users into a desired emotional response or of otherwise disrupting normal on-topic discussion. Troll = Lost Soul.
I just checked out your posts. My thoughts, too, basically technical breakout. There was no reason for that Hummer to get out of the way of the Geo, Now if that Geo could procure a RPG or something... I notice that we trade much alike, by the way. Don't start front-running me
OIL FUTURES: Crude Extends Rally; Nymex Hits Fresh 2 1/2-Year High http://online.wsj.com/article/BT-CO-20110407-716978.html SINGAPORE (Dow Jones)--Crude-oil futures maintained upward momentum in early Asian trade Friday, with the U.S. oil benchmark rising to its highest level in more than two and a half years as market participants continued to fret over supply problems in Libya and other oil-producing states near it. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $110.80 a barrel at 0223 GMT, up 50 cents in the Globex electronic session, after having hit $110.89 a barrel, the highest intraday level since Sept. 22, 2008. May Brent crude on London's ICE Futures exchange rose 43 cents to $123.10 a barrel. "Traders are gearing up for further oil price upside, and I expect Brent prices to lead the rally, because Europe is more worried [than the U.S.] by the conflict" in the Middle East and North Africa, said a trader at SK Energy. AFP reported Thursday that an oil field in Libya had been damaged and Libyan insurgents as well as civilians stampeded out of Ajdabiya due to rumors that loyalist forces were outside the eastern town, hours after an air strike tore into the rebels' defenses. The panic came as a top American general said it was unlikely the rebel forces could launch an assault on Tripoli and oust Moammar Gadhafi--even as France confidently predicted the strongman's downfall. Traders have been worried that a drawn-out civil war might ultimately damage or destroy Libyan oil installations and "events on Thursday seem to have highlighted those fears," Cameron Hanover said in a note. Nymex reformulated gasoline blendstock for May--the benchmark gasoline contract--rose 80 points to $3.1945 a gallon, while May heating oil traded at $3.2174, 114 points higher.