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the contract is not physical. It is cash settled as delivery can not be made for the standard contract volume in what is a cargo and not a pipeline market. In the USA, the futures market has supplanted the informal forward market. For Brent, the two markets are complementary, in that the futures...

To be honest, it won't make much difference, because most of the energy markets are trade via the OTC system. The over the counter market is a $520 Trillion a year gozilla. The BIG guys made their trades via Interdealer brokers like GFI, ICAP, amerex, the intercontinental exchange, government...

here http://online.wsj.com/article/SB121139527250011387.html?mod=hps_us_whats_news and here http://abcnews.go.com/Business/wireStory?id=4911068

IEA Cuts Long-Term Oil Supply Estimate In a time when the slightest notion of supply disruption sends oil prices to near-daily record highs, the International Energy Agency on Thursday is slashing its long-term projection for supply of crude. The IEA announced its findings following a study...

check your PM.

OIl is a global commodity, not a domestic one. Bush can't do anything about this global mess, Saudi Arabia rebuffs Bush on oil production. Oil price has been increasing since 1998. high energy costs are here to stay. You don't have to buy Goldman Sachs's forecast this month that crude will...

McCain vs Obama is Like Dole vs Clinton part II The republicans choose the wrong candidate for this election. Obama will Crush Mccain on national debates. And let's face it, Obama right now is the media "pretty boy", presenting him like the new JFK and all those crap. :(

very presidential.

you have a PM

the Indian government is trying to please two different constituencies that have differing goals - farmers want a high price for their crop, while consumers want a low price. Given the heavy debt burdens that many Indian farmers carry, to deny them a chance to sell their crops at higher price so...

Is about quality, Brent blend is a light crude oil, though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulfur, classifying it as sweet crude, yet again not as sweet as WTI. Brent is ideal for production of gasoline and middle distillates. Normally, Brent...

This guy is a communist...

Why a succesfull human being has to bail you'r kung fu teachers and others who happens to laverage themself up to the nose taking second home mortgage to "build a bath"??? Its againts the constitution to take money away from one person to give it to another.. Why you'r kung Fun teacher...

:D I will be a efficient vice president Dick "rubi" Cheney. :D

By John Glover April 28 (Bloomberg) -- European corporate credit quality is sinking at an ``alarming'' rate as rising oil prices, the possibility of a U.S. recession and the euro's strength restrain the region's economy, Moody's Investors Service said. Moody's assigned 32 ``negative''...

Crude oil rose to a record after BP Plc shut a North Sea pipeline and gunmen attacked a police station in Bonny Island, the site of one of Nigeria's largest oil and gas export terminals. BP closed the Forties Pipeline System, carrying 40 percent of the U.K.'s oil output, after a strike at...

Holy Shit.. :D http://www.youtube.com/watch?v=EGc384Lw7qE&feature=related

100% right!

http://www.youtube.com/watch?v=-BkQeX31eyc&feature=related :D

jajajajajajajajajajjaajajajajajajajaja great!