[stocksthatgoup]

With Iran, Venezuala, Nigeria etc. why the hell are we waiting on ANWR?

[RWR8189]

Light Sweet Crude Oil

1/17/2006 Session Contract Detail for Feb 6

	Last				64.93
	Open High				64.82
	Open Low				64.82
	High				64.95
	Low				64.60
	Settle				63.92
	Change				+1.01
	Open Interest				101619
	Volume				0.00
	Last Updated				01/17/2006 04:21:56

Gasoline

1/17/2006 Session Contract Detail for Feb 6

	Last				1.7549
	Open High				1.7550
	Open Low				1.7550
	High				1.7600
	Low				1.7500
	Settle				1.7311
	Change				+.0238
	Open Interest				43746
	Volume				0.00
	Last Updated				01/17/2006 04:21:22

 

Natural Gas

1/17/2006 Session Contract Detail for Feb 6

	Last				8.870
	Open High				8.795
	Open Low				8.795
	High				8.940
	Low				8.770
	Settle				8.791
	Change				+.079
	Open Interest				52244
	Volume				0.00
	Last Updated				01/17/2006 04:20:36

Heating Oil

1/17/2006 Session Contract Detail for Feb 6

	Last				1.7534
	Open High				1.7260
	Open Low				1.7260
	High				1.7534
	Low				1.7260
	Settle				1.7150
	Change				+.0384
	Open Interest				47901
	Volume				0.00
	Last Updated				01/17/2006 04:25:01

[agere_contra]

"Militants in Nigeria". What's that code for, I wonder.

[R.W.Ratikal]

If the U. S. went ahead with drilling in ANWR (Alaska)and made other efforts to develop oil independence, the effect would be that the oil producing nations in OPEC would lower their prices and increase production.

The U. S. is the largest user of oil in the world and will continue to be for the foreseeable future. What happens in the U.S. market sets world prices, not the potential of Asia, China or India.

There is a suspicion that Big Oil and Big Car want to keep things the way they are with high oil prices in the $60 to $70 per barrel range. It is certainly true that both benefits from higher energy prices.

Cheaper gas prices would not necessarily be good for Big Oil and Big Car companies in the short term, but both Big Oil and Big Car is as Dependant on a robust U.S. economy as any other industry that sells a consumer product used by most people.

Do the math. Alternative energy sources is not the answer. Until some new technological breakthrough, such as nuclear power cells or long-lasting-quick charging batteries etc. occurs, cheaper oil is the only answer.