| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
17 Jul 2004 09:39:44 AM |
| Object: |
Oil prices surge to near record high |
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
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| User: "The_Great_NeoCon" |
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| Title: Re: Oil prices surge to near record high |
17 Jul 2004 10:34:32 AM |
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Auto Club: Gas Prices Continue Inching Downward for Seventh Straight Week
http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20040716005047&newsLang=en
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:6heif0d380vnehsjfid560nlikfaao1afe@4ax.com...
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
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| User: "Larry Hewitt" |
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| Title: Re: Oil prices surge to near record high |
17 Jul 2004 11:58:06 AM |
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"The_Great_NeoCon" <neocon@hotmail.com> wrote in message
news:rGbKc.2996$Wv4.1111@okepread03...
Auto Club: Gas Prices Continue Inching Downward for Seventh Straight Week
Gas price changes lag behind oil price changes. Wait a week.
Larry
http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20040716005047&newsLang=en
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:6heif0d380vnehsjfid560nlikfaao1afe@4ax.com...
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
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|
|
| User: "Tempest" |
|
| Title: Re: Oil prices surge to near record high |
17 Jul 2004 12:20:29 PM |
|
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Larry Hewitt wrote:
"The_Great_NeoCon" <neocon@hotmail.com> wrote in message
news:rGbKc.2996$Wv4.1111@okepread03...
Auto Club: Gas Prices Continue Inching Downward for Seventh Straight Week
Gas price changes lag behind oil price changes. Wait a week.
You don't have to.
Gas is up 5 cents in my area from yesterday.
Larry
http://home.businesswire.com/portal/site/altavista/index.jsp?ndmViewId=news_view&newsId=20040716005047&newsLang=en
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:6heif0d380vnehsjfid560nlikfaao1afe@4ax.com...
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
--
"Ignorance is an evil weed, which dictators may cultivate among their
dupes, but which no democracy can afford among its citizens."
- William H. Beveridge, 1944
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| User: "Jonathan [hollywood]" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 09:06:47 AM |
|
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my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
|
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| User: "Geo" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 09:17:58 AM |
|
|
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Your econ teacher is a putz.
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
|
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| User: "Larry Hewitt" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 10:28:51 AM |
|
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"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar policy in
an attempt to boost exports. The Dollar has fallen by 15% to 20% against
other "hard currencies" since 2001. Then, for example, a euro cost around
$1.20, Now a euro costs around $.90.
So around $6.00 of the increase over the old benchmark price of $30.00 a
barrel is the weak dollar ( after all, the oil countries aren;t willing to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do - make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy. Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand, lack of
additional capacity, and insecurity over the war in Iraq..
Larry
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
|
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| User: "Rico" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 05:58:50 PM |
|
|
In article <cdgoss$4ath$1@news3.infoave.net>, "Larry Hewitt" <larryhewi@comporium.net> wrote:
"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar policy in
an attempt to boost exports. The Dollar has fallen by 15% to 20% against
other "hard currencies" since 2001. Then, for example, a euro cost around
$1.20, Now a euro costs around $.90.
You were so on track and then you got this backwards. In 2000 a Euro cost
about $0.90 and today is running about $1.20. You at first started out so
well. Maybe next time <g>
So around $6.00 of the increase over the old benchmark price of $30.00 a
barrel is the weak dollar ( after all, the oil countries aren;t willing to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do - make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy. Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand, lack of
additional capacity, and insecurity over the war in Iraq..
Larry
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_wo
rld_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
fundamentalism, fundamentally wrong.
.
|
|
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| User: "Larry Hewitt" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 08:56:34 PM |
|
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"Rico" <rico_001@hotmail.com> wrote in message
news:10fokh1ohq9l7ea@corp.supernews.com...
In article <cdgoss$4ath$1@news3.infoave.net>, "Larry Hewitt"
<larryhewi@comporium.net> wrote:
"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high
budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar policy
in
an attempt to boost exports. The Dollar has fallen by 15% to 20% against
other "hard currencies" since 2001. Then, for example, a euro cost around
$1.20, Now a euro costs around $.90.
You were so on track and then you got this backwards. In 2000 a Euro cost
about $0.90 and today is running about $1.20. You at first started out so
well. Maybe next time <g>
You caught me. Got the currencies flipped. But the effect remains unchanged,
it takes more dollars to buy the same stuff.
Mt neice just got back from a 2 week tour of Europe. The exchange rate
surprised her mother, who went over in 1999.
Larry
So around $6.00 of the increase over the old benchmark price of $30.00 a
barrel is the weak dollar ( after all, the oil countries aren;t willing
to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do - make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy.
Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand, lack
of
additional capacity, and insecurity over the war in Iraq..
Larry
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=to
p_wo
rld_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and
other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the
highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
fundamentalism, fundamentally wrong.
.
|
|
|
| User: "Rico" |
|
| Title: Re: Oil prices surge to near record high |
20 Jul 2004 09:12:00 AM |
|
|
In article <cdhtlp$4rbf$1@news3.infoave.net>, "Larry Hewitt" <larryhewi@comporium.net> wrote:
"Rico" <rico_001@hotmail.com> wrote in message
news:10fokh1ohq9l7ea@corp.supernews.com...
In article <cdgoss$4ath$1@news3.infoave.net>, "Larry Hewitt"
<larryhewi@comporium.net> wrote:
"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high
budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar policy
in
an attempt to boost exports. The Dollar has fallen by 15% to 20% against
other "hard currencies" since 2001. Then, for example, a euro cost around
$1.20, Now a euro costs around $.90.
You were so on track and then you got this backwards. In 2000 a Euro cost
about $0.90 and today is running about $1.20. You at first started out so
well. Maybe next time <g>
You caught me. Got the currencies flipped. But the effect remains unchanged,
it takes more dollars to buy the same stuff.
Mt neice just got back from a 2 week tour of Europe. The exchange rate
surprised her mother, who went over in 1999.
Are you old enough to remember when Nixon used wage price controls to try
and stop the inflation his policies had created, wonder what bush has in
store if elected in Nov to deal with the inflation preasures his policies
are creating?
Larry
So around $6.00 of the increase over the old benchmark price of $30.00 a
barrel is the weak dollar ( after all, the oil countries aren;t willing
to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do - make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy.
Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand, lack
of
additional capacity, and insecurity over the war in Iraq..
Larry
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=to
p_wo
rld_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and
other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the
highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
fundamentalism, fundamentally wrong.
fundamentalism, fundamentally wrong.
.
|
|
|
| User: "Larry Hewitt" |
|
| Title: Re: Oil prices surge to near record high |
20 Jul 2004 10:10:41 AM |
|
|
"Rico" <rico_001@hotmail.com> wrote in message
news:10fqa18ni5qco81@corp.supernews.com...
In article <cdhtlp$4rbf$1@news3.infoave.net>, "Larry Hewitt"
<larryhewi@comporium.net> wrote:
"Rico" <rico_001@hotmail.com> wrote in message
news:10fokh1ohq9l7ea@corp.supernews.com...
In article <cdgoss$4ath$1@news3.infoave.net>, "Larry Hewitt"
<larryhewi@comporium.net> wrote:
"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high
budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar
policy
in
an attempt to boost exports. The Dollar has fallen by 15% to 20%
against
other "hard currencies" since 2001. Then, for example, a euro cost
around
$1.20, Now a euro costs around $.90.
You were so on track and then you got this backwards. In 2000 a Euro
cost
about $0.90 and today is running about $1.20. You at first started out
so
well. Maybe next time <g>
You caught me. Got the currencies flipped. But the effect remains
unchanged,
it takes more dollars to buy the same stuff.
Mt neice just got back from a 2 week tour of Europe. The exchange rate
surprised her mother, who went over in 1999.
Are you old enough to remember when Nixon used wage price controls to try
and stop the inflation his policies had created, wonder what bush has in
store if elected in Nov to deal with the inflation preasures his policies
are creating?
Yeah, I was there. I think Nixon likes inflation. Seriously. Inflation is
good for some kkinds of investments, so long as it doesn;t go out of
control.
My parents benefitted from inflation in the 70's, for example. We moved to a
new house every 3 or 4 years. Each time the old house sold for lots more
than they paid for it. Once inflation settled back down they had almost
tripled their equity in 10 years.
Anyway, I wouldn;t be surprised if Bush isn;t worried because someone he
knows will make a fortune betting on infllation.
Larry
Larry
So around $6.00 of the increase over the old benchmark price of $30.00
a
barrel is the weak dollar ( after all, the oil countries aren;t
willing
to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do -
make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy.
Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand,
lack
of
additional capacity, and insecurity over the war in Iraq..
Larry
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=t
o
p_wo
rld_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and
other
oil producers have inadequate surplus capacity to meet demand
from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile
Exchange.
The contract reached $41.80 minutes after trading opened, the
highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
fundamentalism, fundamentally wrong.
fundamentalism, fundamentally wrong.
.
|
|
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|
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|
| User: "Jonathan [hollywood]" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 10:47:32 AM |
|
|
Larry Hewitt wrote:
"Geo" <geo@sdf.com> wrote in message news:40FBD816.3050400@sdf.com...
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Your econ teacher is a putz.
Nope. The econ teacher is correct. Bush is pursuing a weak dollar policy in
an attempt to boost exports. The Dollar has fallen by 15% to 20% against
other "hard currencies" since 2001. Then, for example, a euro cost around
$1.20, Now a euro costs around $.90.
So around $6.00 of the increase over the old benchmark price of $30.00 a
barrel is the weak dollar ( after all, the oil countries aren;t willing to
buy less with their dollars!).
This is _exactly_ what Bush's weak dollar policy is intended to do - make
imports more expensive and exports cheaper. AS an aside, the Bush
administration is the first in history to persue a weak dollar policy. Every
other administration thought that stability and predicatability in the
markets from a strong, stable dollar, was more important.
The rest of the increase is from a combination of increased demand, lack of
additional capacity, and insecurity over the war in Iraq..
Larry
haha!! i knew i took macro/micro for a reason :-P
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_world_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
.
|
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| User: "Rico" |
|
| Title: Re: Oil prices surge to near record high |
19 Jul 2004 05:56:12 PM |
|
|
In article <40FBD816.3050400@sdf.com>, Geo <geo@sdf.com> wrote:
Jonathan [hollywood] wrote:
my econ teacher said you can blame in on the weak dollar and high budget
deficits...
Your econ teacher is a putz.
Oh, then what is your explaination?
Harry Hope wrote:
From Bloomberg, 7/17/04:
http://quote.bloomberg.com/apps/news?pid=10000087&sid=a9SOjNxmBUG0&refer=top_w
orld_news
Oil Surges to Six-Week High as Worldwide Surplus Capacity Drops
(Bloomberg) --
Oil prices rose to a six-week high amid concern Saudi Arabia and other
oil producers have inadequate surplus capacity to meet demand from
North America, Asia and Europe should terrorists disrupt global
supplies.
Crude oil for August delivery was up 58 cents, or 1.4 percent, to
$41.35 a barrel at 10:34 a.m. on the New York Mercantile Exchange.
The contract reached $41.80 minutes after trading opened, the highest
since a record $42.45 on June 2.
_________________________________________________________________
Harry
fundamentalism, fundamentally wrong.
.
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