You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
OIL $70, gas shortage coming
- Thread starter capmac
- Start date
11:07 Seven rigs adrift in the Gulf of Mexico - DJ
Dow Jones reports that 7 rigs are currently adrift in the U.S. Gulf of Mexico, according to the U.S. Coast Guard. "It appears there are seven semisubmersibles adrift," said Lt. Rob Wyman, a spokesman for the Coast Guard's New Orleans district office. "Yesterday we had a total of two."
Dow Jones reports that 7 rigs are currently adrift in the U.S. Gulf of Mexico, according to the U.S. Coast Guard. "It appears there are seven semisubmersibles adrift," said Lt. Rob Wyman, a spokesman for the Coast Guard's New Orleans district office. "Yesterday we had a total of two."
Retail gasoline set to rise to $3 a gallon or more: analysts By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gasoline prices at the retail level will likely jump past $3 a gallon, analysts said Tuesday. "Most places will be north of $3 a gallon," said Tom Kloza, chief oil analyst at the Oil Price Information Service. There's a "huge crisis in gasoline -- our worst fears are recognized," said John Person, president of National Futures Advisory Service. Retail prices "could reach $3 and as high as $3.20 within a week and a half," he said
SAN FRANCISCO (MarketWatch) -- Gasoline prices at the retail level will likely jump past $3 a gallon, analysts said Tuesday. "Most places will be north of $3 a gallon," said Tom Kloza, chief oil analyst at the Oil Price Information Service. There's a "huge crisis in gasoline -- our worst fears are recognized," said John Person, president of National Futures Advisory Service. Retail prices "could reach $3 and as high as $3.20 within a week and a half," he said
Now ...
.. the REAL interesting thing is how the re-insurers will be dealing with this.
Terrorism, wars, destruction - it takes a hefty toll on reinsurer's no-longer-so-deep pockets. Luckily, it all comes back in form of more expensive services, products for consumers - as well as nice tax-hikes on income, services. What goes around, comes around.
Last year the talk was about how reinsurers could not take a bad hurricane season - but the alarm-sirens are silent for now. But that's my first concern - and with ever rising consumer debt-levels it's a sneaky long-lasting effect.
.. the REAL interesting thing is how the re-insurers will be dealing with this.
Terrorism, wars, destruction - it takes a hefty toll on reinsurer's no-longer-so-deep pockets. Luckily, it all comes back in form of more expensive services, products for consumers - as well as nice tax-hikes on income, services. What goes around, comes around.
Last year the talk was about how reinsurers could not take a bad hurricane season - but the alarm-sirens are silent for now. But that's my first concern - and with ever rising consumer debt-levels it's a sneaky long-lasting effect.
Quote from SethArb:
was that the settlement price for Sept 05 today ?
I assume it goes off the board anyday now ...
what was OCT 05 unleaded settlement ?
-Unleaded gas now trading at $2.43 on NYMEX. up 37 cents today-
Good question setharb. It was just a very cursory glance at futuresource.
Oct 05 settlement - 2.180 (+.2127)