Energy Prices...Today's Close

Vanity | 09/09/08 | Various

[politicalwit]

Dated Brent Spot 98.52/bbl
WTI Cushing Spot 103.26/bbl
Nymex Crude Future 103.26
Nymex RBOB Gasoline Future 265.26 cents/gal
Nymex Heating Oil Future 292.47 cents/gal

[politicalwit]

Not a bad day for the public

[#1CTYankee]

Wow, now the market can predict the course of a hurricane, what next?

[BurbankKarl]

Bad day for windmill makers

[pipecorp]

plus opec has agreed to not cut production as a reult of the falling prices.

[SAJ]

Each succeeding update of the major models has for 2 days now had Ike tracking well further west that the previous update. Making landfall around Corpus Christi or a bit south of there will be the ultimate non-event for energy traders.

Unless OPEC do something sufficiently stupid, look for energy prices to weaken over the next 10 days or so.

[SAJ]

OPEC are all that stupid. Even they realise that cutting production doesn't cure demand destruction.

[SAJ]

Apologies. For ‘’are’’, please read ‘’aren’t’’. Typo, drat it.

[dirtboy]

Making landfall around Corpus Christi or a bit south of there will be the ultimate non-event for energy traders.

Just keep it away from the stretch between Freeport and Galveston. Too bad it veered away from the earlier forecast track through the King Ranch.

[politicalwit]

Dems are talking (BS) about “their” new energy strategy on CSPAN right now.

[SAJ]

Yassuh, boss. Jus’ lemme get mah Acme Hurricane Steerin’ Dee-vice outta the basement.

[#1CTYankee]

"Each succeeding update of the major models has for 2 days now had Ike tracking well further west that the previous update."

I hope these forecasters are better than the ones here in New England, I can't tell you how many times I shoveled 10 inches of flurries.

[Mind-numbed Robot]

Bad day for windmill makers

That is probably why the ME producers are ramping up production, including new exploration. When prices are reasonable there is no rebellion by the American public and less demand for alternatives by the politicians.

[period end of story]

Not a bad day for the public.

Not a bad day for republicans, either.

[excalibur1701]

Can someone please explain why the gas stations raised the price almost 30 cents a gallon today????? It’s almost as if it was a planned raise because of the hurricane.

[mhx]

Where were you seeing that?

[ccmay]

Oil below $100 a barrel is great for our ticket.

[excalibur1701]

>>Where were you seeing that?

Indianapolis, IN.....it went from 3.69 to 3.95 today.

[cmsgop]

Where do you live??

[mhx]

that’s strange — not seeing anything unusual here on the left coast, but we’re further away from the excitement too

[politicalwit]

Indianapolis, IN.....it went from 3.69 to 3.95 today.

Strangely enough here in NW Indiana we jumped from $3.76/gal to $4.09/gal. There's a lot of profit taking on the retail level now.