Good question. That's why I think drilling off the coast of Kalifornia is a
great idea; since that state consumes more gas than any other COUNTRY on
Earth except the USA, I would think keeping it close would save a LOT of
hassle and costs.
Denys
-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]] On Behalf
Of Mike Church
Sent: Wednesday, July 23, 2008 7:19 PM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: Oil prices, and is it a conspiracy of sorts?
Here is a link to Marketwatch.com -
It shows two charts, the top one is price of oil, the bottom is the volume.
http://www.marketwatch.com/tools/quotes/intchart.asp?symb=CL08U&sid=2228932&
dist=TQP_chart_date&freq=1&time=9
So my friends, why so much buying and selling of such a limited commodity
over and over again driving the volume, and the price, through the roof?
mc
Mike Church
-----Original Message-----
From: HP-3000 Systems Discussion [mailto:[log in to unmask]] On Behalf
Of Brice Yokem
Sent: Wednesday, July 23, 2008 2:30 PM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: Oil prices, and is it a conspiracy of sorts?
Actually 1-2% or world production can end up being a lot.
If we see 1-2% in 10 different places, that is 10-20% of world
supply. That can have a big effect on the world price.
On Tue, 22 Jul 2008 13:54:24 -0500, Mark Landin <[log in to unmask]>
wrote:
>On Tue, Jul 22, 2008 at 7:28 AM, Denys Beauchemin <[log in to unmask]>
wrote:
>> I have done some further research and it seems that the congressional
>> moratorium on offshore drilling off the coast of California expires this
>> September 30th. Also, because the oil platforms are already there on
site,
>> it would seem that oil could flow from there within a year. This could
have
>> a major near-term effect on oil prices.
>
>How much production are people thinking would come out of that patch
>in the near future? Surely it can't be more than 1-2% of world
>production. I don't think you'll see anybody in the oil pricing
>business react to something so minor.
>
>>--
>"If hard work were such a wonderful thing, you'd think rich people
>would have kept it all for themselves" - Lane Kirkland
>
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