Oil And Fuel Supplies Behind Drop In Price Of Oil

Discussion in 'Energy Futures' started by bluud, Jan 18, 2007.

  1. bluud

    bluud

    http://www.allheadlinenews.com/articles/7006181321

    a big stockpile of U.S. oil and fuel supplies triggered a drop in oil prices to $50 a barrel

    ...

    Some credit for that goes to the warmer than average winter temperatures in some areas of the U.S. :cool:

    ...

    Saudi Arabia's oil minister, Ali al-Naimi would not call a meeting by Oil Producing and Exporting Countries to discuss cutting production :confused:

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    both Iran and Venezuela, among other OPEC nations, had wanted to cut production to keep prices up :p

    ...

    "If we continue to see these big increases in petroleum supplies, we'll soon test $45,'' Kyle Cooper, director of research at IAF Advisors in Houston told Bloomberg. :D

    ...

    Rogers told Bloomberg that he predicted oil would set a new record of $100 or more after a 'correction' in the market. :eek:
     
  2. Digs

    Digs

    Bulls**T..

    Iran was pumping too much oil over there OPEC quota and making to much money, giving them juice to talk about nukes...

    Now price down no more monies...for there little games !

    W Bush made the call to Daddies friend in Saudi !
     
  3. bluud

    bluud