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.

Libya Revolution and Oil Addiction

February 23, 2011 CNN :
Our Total Dependence On Oil Is like Building A Home Next To A Volcano & Now The Volcano Is Rumbling



Our total dependence of the value of money, purely being based in the confidence for the return is like building the society like a casino. The bank always wins. Oil be one resource, better look at the root, the insane confidence in banks and interest based currency. It's like trusting there will always be calm waters when boating without life-west.

Oil may hit $100 on Libya contagion fear

Crude oil is not very comfortable for India at USD 96 West Texas Intermediate (WTI) and Brent having crossed USD 100 per barrel. Jonathan Barratt, the Managing Director of Commodity Broking Services, told CNBC-TV18 says the Libyan situation highlights the growing concerns surrounding West Asia.

$100 Oil : Top Energy Trades

Feb. 23 2011 | Where to place your energy bets, with Paul Sankey, Deutsche Bank.
$100 Oil : Top Energy Trades

World oil prices soar amid Libya chaos

Oil prices have risen to their highest level for two years as Libya's Colonel Gaddafi defies a widespread uprising.

Saudi Oil Minister: We Will Protect Supply

Feb. 22 2011 | “The market knows that Saudi has a good chunky excess capacity and a record of using it when needed,” said Prince Abdulaziz bin Salman Al Saud, Saudi Arabia's deputy oil minister, to CNBC.

Oil Prices Surge As Libya Protests Mount

Oil prices soared to the highest level in more than two years as violence spread in Libya and Moammar Gadhafi's grip weakened over the country. (Feb. 22)

Spiking Oil Prices

Feb. 22 2011 | Oil higher as unrest continues, with Vince Farrell, Soleil Securities, and Michael Farr, Farr, Miller & Washington.

Oil Flows & the Middle East Crisis

Feb. 21 2011 | CNBC's Melissa Francis talks about the threat to oil production presented by the protests and violence in the Middle East, and particularly Libya, which provides about 1.1 million barrels/day.

BP CEO Bob Dudley on Libya

Feb. 21 2011 | BP CEO Bob Dudley discusses his company's recent deal with India's Reliance and how the company is coping with what's happening in Northern Africa and in Libya in particular  and the Middle East, with CNBC's Rebecca Meehan.

Abundance of Oil Supply Coming in: Expert

Feb. 20 2011 | Michael Langford, proprietary trader at StreamTrading.com, is positive on oil companies located on the West African coastline. He explains why and shares his outlook for oil supply in 2011, with Stephen Davies of Javelin Wealth Management and CNBC's Sri Jegarajah & Martin Soong.

Adam Johnson on oil markets

Bloomberg Television's Adam Johnson reports on U.S. oil inventories in January.

Middle East impact on the Oil Market

Feb. 15 2011 |More protests break out in the Middle East, this time in the oil producing countries like Bahrain and Iran. NBC's Richard Engel reports that tensions are continuing to rise with no end in sight.

China Bets Big in Canadian Energy

Feb. 9 2011 | Petrochina pays $5.45B for an Encana gas stake.

Crude Oil Gains Moderating After Domestic Inventories Rise Less Than Expected

"Crude oil for March delivery is closing in on $88 a barrel after getting some lift from the latest report on domestic oil stockpiles, which rose less than expected for the week ended Feb. 4.

The Energy Information Administration reported a 1.9-million-barrel gain in crude inventories, short of the 2.4-million-barrel increase forecast by analysts polled by Platt's, which tracks oil markets.

Gasoline supplies also gained 4.7 million barrels for the week, topping analysts who were looking for a consensus gain of 3.1 million barrels. Distillates, which include heating oil and diesel, gained 300,000 barrels, while analysts were looking for a decline of 1.4 million barrels. Crude was already moving higher ahead of the report trading at around $87.23 a barrel on the New York Mercantile Exchange after a report that Saudi Arabian crude reserves might not be as ample as previously reported.

Crude gains are moderating since the EIA report was released, with light sweet crude up 36 cents at $87.30 a barrel on the NYMEX.

The United States Oil exchange traded fund (USO) is trading at $36.48, down 16 cents, or 0.44%.

Saudi Arabia Oil Reserves May Be Overstated By 40%

Peak Oil is getting out, look up US peak discoveries of oil it happened in the 1930's then the US peaked in production in 1970 the world peaked in discoveries in 1960, look up Alaskan oil reserves downgraded by 90% 2010 .... Welcome to reality,

Outlook for Oil

What's Next for Oil ?
Feb. 7 2011 | "My belief is that prices will continue to rise gradually in line with demand," Neil Atkinson, director, energy research at Datamonitor said. "Supply is managed...the OPEC discipline is what matters," he said, so oil prices will rise despite excess capacity.

Oil High on Egypt Worry

NEW YORK (TheStreet) -- Oil trades higher ahead of the weekend as Egypt anxiety rises says Anthony Grisanti of GRZ Energy.Uncertainty is keeping energy prices inflated heading into the weekend I'm Eric Anthony -- you -- at the energy out. A lot of unrest in Egypt there's a lot of worry about it -- that we're gonna happen. You know radical person takeovers so it that -- feeding into the energy trade out.

Oil Behind Russia Resurgence

Feb. 3 2011 | Assessing whether Russia is the way to play the crude comeback, with Tim Seymour, Emergingmoney.com
 

Playing Oil, HMOs

Feb. 2 2011 | Playing the 2011 top performers, with Omar Nokta, Dahlman Rose, and Joseph France, Gleacher & Company.Playing Oil, HMOs

Oil Prices to Hit $106 by Q2: Expert

Feb. 1 2011 | Michael Kurtz, head of regional strategy at Macquarie Securities, expects commodity prices to trend higher as the global recovery gains traction. He shares his outlook for the price of oil, with CNBC's Karen Tso and Bernard Lo.

Egypt Oil Threat: Crude Passes $100/Barrel

Crude oil price futures soar past $100 per barrel. Concerns are growing over possible interuptions in the passage of oil through the Suez Canal and Suez pipeline

Boone Pickens on Egypt & Oil

Jan. 30 2011 | Oil magnate T. Boone Pickens, BP Capital Management, discusses the impact of the Egyptian revolution on the price of oil around the world.

Oil & the Suez Canal

Jan. 30 2011 | What the revolution in Egypt means to the transport of oil through the Suez Canal in light of violence at Port Said, near the canal's mouth, with John Hoffmeister, Former Shell Oil president/CEO, and CNBC's Simon Hobbs.

Crude Oil Prices Surge on Unrest in Egypt

Crude oil futures soared to a record high since September 2009 on Friday on concerns that anti-government protests in Egypt would spread to other oil-producing countries in the Middle East.

Oil prices neared $90 a barrel at one point in the trading day, an increase of over 4%, before retreating in early afternoon trade. Oil for March delivery rose $3.70, or 4.3%, to settle at $89.34 a barrel on the New York Mercantile Exchange.

Linda Raschke, partner at FuturePath Trading, said, "The crisis in Egypt as well as the significance of a government shutting down the Internet for the entire country is causing major nervousness in market participants that have been long equities in front of the weekend."

Although Egypt is not a significant oil exporter, it is home to the Suez Canal, a major shipping channel between the Red Sea and the Mediterranean. The U.S. Energy Information Administration estimated that 1.8 million barrels of crude and refined petroleum passed through the Suez Canal per day in 2009.

In addition to pumping up oil prices, Egypt's unrest has driven investors to move away from equities toward the dollar, prompting stocks to fall and the greenback to gain.

Raschke noted that investor fears of regional instability could make crude oil a "major benefiting market."

BP Gulf Oil Spill : The story that everybody has been talking about -- Disturbing Test Results

Oil Spill Health Issues, KLFY, January 27, 2011: http://www.klfy.com/Global/story.asp?... [A] new report just out has revealed some very disturbing findings. ... A blood study that was conducted on four males ages 3 to 43 and one female age 38 in December of last year. Subra says the results of those tests have revealed elevated levels of six toxic and potentially life threatening chemicals associated with crude oil, most notably Ethylbenzene which has been linked to kidney damage and cancer. ... UL Lafayette Professor Paul Klerks is an expert in the environmental toxicology and he says the high levels of ethyl benzene found in human patients is alarming but he doesn't believe its reason to panic just yet. "This is potentially cause for concern, but it's a very small sample size of five so it's really hard to tell with just a small sample size what it means as whole." ... [Their] problems included everything from trouble breathing, and bleeding from the ears, to swelling of the limbs and blood in the stool. Some of the more unusual cases include a commercial diver who is plagued by mysterious rash and the three year son of a fisherman who is suffering from kidney stones.

Energy Panel at Davos

Jan. 26 2011 | Energy is among the hot topics at the annual Davos meeting, with James Rogers, Duke Energy chairman, president & CEO, and Marco Dunand, Mercuria Energy Group president & CEO.

Oil could see a further price drop

Jan. 24 2011 | Oil could see a further price drop, according to John Kilduff of Again Capital.

UK AUSTERITY - Petrol Prices Rising At Fastest Rate For 10 Years, And Is Set To Rise Again

The true cost of the banker bailouts is finally hitting the average british citizen where it hurts, in the pocket!

With further rises coming in April this is only set to get worse

Lets see when the sheeple will say 'NO! enough is enough' because at this rate it looks like that day may never come. This is the reason I don't own a car, even though I can drive ,there not robbing me anymore ,never having a car again sadly

Mexico Oil Production

Jan. 21 2011 | Mexico has a state owned oil monopoly like no other in the world- its nearly every move has been dictated by politicians, reports CNBC's Michelle Caruso-Cabrera.

Dwindling Oil Surplus Fires Up Prices

Crude oil stockpiles are going down at a time of year when they usually build up. Sean Brodrick tells you where he thinks prices are going next.

BP CEO Confident About Operating in Russia

Jan. 17 2011 | BP CEO Bob Dudley told CNBC in an interview that the deal the group has struck with Rosneft will not have any impact on any of the settlements it is making in the US after the Gulf Coast oil spill. TNK-BP has been a very successful joint venture in Russia, Dudley said, adding that this deal will expand the scope of that.

Oil for Two: Giants BP, Rosneft swap stakes, join forces to share Arctic shelf

Two of the largest oil companies in the world - Russia's Rosneft and BP- are getting together for a multi-billion dollar venture. They've sealed a stock swap, and agreed to explore and extract the untapped riches of the Arctic seabed together.

B.P. Signs Massive Deal With Russian State Owned Oil Company

January 14, 2011 BBC World news : B.P. Signs Massive Deal With Russian State Owned Oil Company

Indonesia Quest For Oil

The Indonesia government is looking to boost oil production. A lack of fresh investment is blamed for dwindling oil production in the country.

Jesse Ventura - Conspiracy Theory - Gulf Coast Oil spill HQ Full Length version!

FULL LENGTH 45 MINUTE EPISODE (Season 2, Episode 7)

"The Gulf Oil Spill"

The BP oil disaster in the Gulf of Mexico has led to devastation along Louisiana's coast and in its fishing and tourism industries.

But was it deliberate? Jesse Ventura leads his team into the bayou where they investigate claims of a plot to depopulate Louisiana and turn it into America's refinery.

At the core: the government's alleged secret, multi-billion dollar depopulation program that began in the aftermath of Hurricane Katrina and was kicked into Phase Two with the oil rig blast.

Crude Oil Hits 2-Year High!

Crude Oil Hits 2-Year High! Lind-Waldock Strategist Blake Robben discusses the energy futures markets, specifically crude oil.

Oil Prices Could Reach US$100: Dr David Robson

World demand for oil, particularly from Asian markets, will drive prices as high as US$100 a barrel this year, according to Tethys Petroleum Ltd President and Chief Executive Officer Dr David Robson who made his comments in his interview with the Hong Kong Trade Development Council. Dr Robson will speak at the Asian Financial Forum (AFF) in Hong Kong (17 - 18 January), attending a panel discussion on investment opportunities in natural resources.

Alaskan Pipeline Problems Affecting Crude Oil Market

Lind-Waldock Strategist Blake Robben discusses the energy futures markets. Topics covered: Crude oil market's Alaskan pipeline problems.

Oil Spill Report Rekindles Push for Reform

Democrats in Congress pledged Tuesday to push for tougher regulation of offshore drilling and to make oil companies more financially responsible for spills, steps a presidential panel says are necessary to prevent another catastrophic blowout. (Jan. 11)

Daily Crude Oil Market Update with Strategist Blake Robben

Strategist Blake Robben discusses the energy futures markets, specifically crude oil, heating oil and natural gas futures.

How to Profit from China's Hunt for Energy

How can you profit from China's hunt for energy? You could by CNNOC, ticker symbol CEO, which pays a 2% dividend. Or you could invest in Tony Sagami's two Chinese energy ugly ducklings and make even more money.

BP Oil Spill : The worst environmental disaster in US history?

Or was the oil spill in the Gulf of Mexico over-hyped at BP's expense?

Probe Blames BP, Halliburton for US Oil Spill

AlJazeeraEnglish--January 05, 2011-- http://www.msnbc.msn.com/id/40941697/...
A White House commission investigating the oil spill in the Gulf of Mexico has said the companies involved were more interested in saving money than saving lives. It says the April explosion at the Deepwater Horizon oil rig was the result of failures by BP, Halliburton, Transocean and government offices dealing with the well. The commission also said similar accidents could happen again if the industry does not change the way it operates. Al Jazeera's John Terrett reports from Washington.

Report: B.P. Oil Spill Caused By Taking Short Cuts & Cutting Cost

January 05, 2011 BBC World News



"B.P. Oil Spill Caused By Taking Short Cuts & Cutting Cost"

So that's why Haliburton bought out the largest clean up company in the world right before the BP oil spill?

Is that why the CEO of BPO sold off his own stock in BP right before it happened?

OPEC Quotas and the Crude Oil Market

Lind-Waldock Strategist Blake Robben discusses the energy futures markets, specifically the crude oil futures market. Topics covered: OPEC's Quotas and Its Influence on the Crude Oil Market; When to Watch Volatility in Crude Oil; Support and Resistance Levels in Crude Oil, Heating Oil, RBOB and Natural Gas; Natural Gas Market Analysis.

Daily Crude Oil Market Update with Strategist Blake Robben

Lind-Waldock Strategist Blake Robben discusses the energy futures markets. Topics covered: Crude Oil Market Analysis; Natural Gas Market Analysis; China Looks to Expand its Crude Oil Imports; Construction Spending