Japan Quake Impact on Oil

Mar. 11 2011 | Assessing Japan's earthquake's impact on oil, which has fallen under $100/barrel, with John Kilduff, Again Capital, and Daniel Dicker, independent oil trader.

Exxon CEO: on The Middle East Crisis

Mar. 9 2011 | Exxon CEO: Concerns for Middle East

Sharing concerns for the people in the Middle East, and just how much cushion OPEC really has, with Rex Tillerson, ExxonMobil chairman/CEO.

Lukoil President on Oil Prices

Mar. 8 2011 | The uncertainty in the Mideast is putting an even bigger focus on production in other regions, so Russia's Lukoil is looking to put more of its oil into the system, with CNBC's Sharon Epperson, and Vagit Alekperov, Lukoil president.

U.S. Crude Down on OPEC Talks of Output Boost

U.S. crude oil prices fell Tuesday following a statement by Kuwait's oil minister that OPEC may consider increasing production output to supplement Libya's disrupted supply.Though crude prices are down from their highest level since September 2008, they have risen above today's early low of under $104 a barrel, according to Reuters.
Investors, however, remain worried about oil supply, awaiting the release of oil inventory data and as the OPEC has yet to come to a definite conclusion. The American Petroleum Institute (API) will issue its weekly inventory report at 4:30PM EST on Tuessday.

$200 Oil Next?

Mar. 7 2011 | Discussing whether crude oil could hit $200 a barrel amid rising Libyan turmoil and a "Day of Rage" scheduled for this Thursday in Saudi Arabia, with John Stephenson, First Asset Management.

Oil Settles Above $105 a Barrel, Gas Above $3.50

Oil prices continued to soar as forces loyal to Moammar Gadhafi pounded rebels near a key oil port in Libya. The unrest is having a dramatic effect on fuel prices, especially when it comes to trucking. (March 7)

Oil - The King of Saudi Arabia and Your Lifestyle

Oh Boy Oil - The King of Saudi Arabia and Your Lifestyle

Oil supply fears slow down Spain

US crude oil has reached $105 a barrel line to reach its highest level since September 2008 as worries about supply disruption have increased due to deepening unrest in Libya.
Oil depots in the country, have been attacked and the continuing instability which has slowed production there, is hitting investor confidence.
In Spain, fears of a shortage in the oil supply has caused the government to take innovative measures.
Al Jazeera's Sonia Gallego reports from Madrid, Spain.

Peak Oil by Bud Conrad

Bud Conrad, Chief Economist at Casey Research, talks about Peak Oil. This is a clip from Doug Casey's free one hour video broadcast on the current economic crisis and how to profit from it - Crisis & Opportunity Update .coal production peaked a long time ago. nuclear energy depends on the nonrenewable fuel plutonium. eventually that would peak too. quite soon according to what ive read.

Libya oil sales continue

Libya's oil sales contribute significantly to the country's export earnings, making the industry one of president Gaddafi's main financial pressure points.
The international community is trying to pressure the Gaddafi rulership, as the violent crackdown on protests continue.
But the web of international sanctions brought down on the government clearly has some gaps, as companies from China, India and Austria continue to buy Libyan oil - completely legally.
Al Jazeera's Rory Challands reports.

Oil Touches Record 2-year High of $103 as Libya Unrest Rages

Oil prices continue to climb, reaching their highest level in two and a half years at over $103 a barrel, as political upheaval in Libya does not look to ease anytime soon.Light sweet crude for April delivery rose $0.91, or just under 1%, to $102.82 a barrel on the New York Mercantile Exchange, after climbing as high as $103.57, the highest level since Sept. 29, 2008. Brent crude on the ICE also gained, adding $0.54 to $115.33.Prices had eased slightly Thursday following reports that Venezuela president Hugo Chavez would help mediate the crisis in Libya. However, with renewed fighting in capital Tripoli and doubts about Chavez' ability to rectify the situation in Libya, oil prices returned to advancing.
Gasoline prices are setting records in Europe and have passed the $4 a gallon mark in California. The current U.S. gasoline average of $3.81 a gallon is near a two-year high.
Trade in the oil market has been volatile over the past weeks as investors worried about supply if Libya's unrest spreads to other OPEC nations. Most of Libya's oil production has been halted due to the nation's instability.

Impact of High Oil Prices on Airlines

Impact of High Oil Prices on Airlines
Mar. 3 2011 | Discussing the impact of rising fuel prices on the airline industry with Andrew Miller, CEO of CAPA Consulting.

Unrest in Libya Lifts Oil price

Libyan Unrest Lifts Oil
Mar. 2 2011 | Libya's National Oil Corporation chairman says oil could push above $130 if troubles persist. Discussing the ramifications, with CNBC's Sharon Epperson; Addison Armstrong, Tradition Energy; and Philip Silverman, Kingsview Management.

Exxon Mobil Down Fractionally; Reports Gas Flaring at Texas Refinery

Exxon Mobil Corp. (XOM) is down 0.15% to $84.40, after the company flared gases at its refinery in Beaumont, Texas, according to Bloomberg, citing a message from a community hot line.

The largest U.S. oil company's spokesman Kevin Allexon said "conditions necessitated that we flare," but declined to elaborate.

Oil Crossed the $100 psychological mark Whats Next?

Oil 's long-term growth drivers are explained by Michael Sansoterra of the RidgeWorth Large Cap Growth Fund.

The political turbulence that rocked the Middle East and North Africa caused oil -- used to he. And -- contract reached the crucial 100 dollars psychological mark on February 20 -- The first time since 2008. Supply concerns overwhelmed the market. On directly Libya and Algeria were among countries that were still grappling with major anti government of people. With Libya and Algeria accounting for about 3% of total global oil production. Any pull -- of major oil companies from the country's. Interrupted production were bound to have some short term impact on total oil supply that portfolio manager Michael...

Oil could bust economic bubble

With oil prices reaching new highs due to the Arab uprisings, its thought this could be just the start of a bumpy ride. Surging fuel costs in the US are threatening to derail the country's recovery. And, as RT's Lauren Lyster reports, the political price may be too high for the Obama administration.

T Boone Pickens, Oil Price could go to $150

T. Boone Pickens on Bloomberg Television : T. Boone Pickens appeared on Bloomberg Television's "Surveillance Midday" with Tom Keene this afternoon to discuss the effect on Oil prices of the unrest in the Middle East and North Africa on oil and reiterate his call for the U.S. to come up with a comprehensive energy plan. He said that American consumers are "paying for both sides of the war" in Afghanistan because "some of the money you pay for OPEC oil is going to the Taliban."

Oil Going To $200 a Barrel Lindsey Williams

Lindsey Williams on the National Intel Report 2-25-2011

Pastor Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners,&quot ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

Mideast turmoil looming oil crisis?

The rising price of oil can have dire consequences on any economy, and with the unrest in Libya, things are not looking good at the pump here in the United States. On the heels of the unrest in the Middle East, crude is heading for the biggest weekly increase in two years. The crisis is also being used by some politicians and media outlets to exploit their message of "Drill Baby Drill." Whatever the solution to our dependence on foreign oil, the short term economic ramifications for many Americans still suffering from the economic crisis appear dire if food prices skyrocket as well.the oil from Libya and Saudi Arabia are different. oil from Libya is has little sulphur, but oil from Saudi Arabia has a lot of sulphur.EU's refineries (main importers of Libya's oil exports) arent equipped to process oil from Saudi Arabia.


America's OIL is our emergency reserve.
Unrest in the Middle East is raising fears of tighter oil markets with analysts warning we could see $220 per barrel in the near future if oil production is disrupted in Algeria or Saudi Arabia. Foreign Policy Contributing Editor Steve Levine says if Algerian protests bring a halt to oil production it could force Saudi Arabia to its capacity, that's when oil prices will skyrocket.
With this huge push to start Drilling in America, it's a safe bet that World OIL, is running out.

OIL energy has been supporting an unprecedented world population of 7 BILLION people, when it does run out, get ready for a world that looks like The Road Warrior.

Boone Pickens : Oil Price Will Go Higher

Feb. 25 2011 | T. Boone Pickens, BP Capital Management chairman & founder, advocates an energy plan for America as oil prices are likely to rise on continued Middle East unrest.Boone Pickens : Oil Price Will Go Higher

Oil jumps to $ 120

Oil prices rose Thursday to $ 120 a barrel due to escalating fears of a severe shortage of supplies on the market in light of reduced exports from Libya, and the continuing turmoil in the region.

The price of European Brent crude today during the European trading more than eight dollars to reach $ 120 a barrel.

The price of Brent crude reached $ 110 yesterday, a new level in the range is the highest in two and a half year.

During Asian trading today, jumped U.S. light crude for more than three dollars to reach $ 102 a barrel.

The Western companies had suspended its work in Libya and withdrew its staff, while the rebels announced Libyan control over strategic oil installations, including facilities on the Mediterranean coast.

It is noteworthy that Libya - which has the largest oil reserves in Africa - were produced before the outbreak of the revolution of February 17 by 1.6 million barrels per day, only mostly to European countries such as Italy and Germany.

Fears
While prices have risen to levels of growing Western concern, expressed the U.S. bank Goldman Sachs on fears of a disruption to the largest supply of a wider unrest in the region.

However, Saudi sources confirmed that Saudi Arabia is willing and able to provide high-quality light crude to offset supply disruptions Jamahiriya, which means bridge the shortfall that drives prices to high levels.


The memorandum stated that the same price of a barrel of oil exceeded $ 120 would be a threat to global growth.

Higher Oil Prices Would Hamper Economy

Just as the U.S. and global economies are finally strengthening, they face a new danger: Rocketing oil prices. (Feb. 24)

Oil Prices Could Move to $150

Feb. 23 2011 | Aaron Smith, MD of Superfund Financial, says if oil moves above $102 a barrel, it could continue in a "massive" uptrend. He tells CNBC's Chloe Cho, Anna Edwards and Yousef Gamal El-Din that West Texas crude oil prices may hit $150 by year-end.