Replies to This Discussion

Permalink Reply by Krkyoldhag on May 5, 2012 at 8:40

Better yet  what triggered it (the plunge)?

NG held its own tho market was down while oil dropped like a rock.

Is it just because "its the economy stupid"?  finally catching on?

I know that there is no "understock" in department stores.  What you see on shelves is pretty much it so far as inventory goes.

Two feed stores told me Wednesday  out of feed I buy to come back couple of days so that tells me they are keeping minimum inventory on hand.

Only people not worried about jobs are the ones on welfare with subsidized housing, food stamps, medicaid, and still spending their "unearned income" checks of $8000.

Has this impacted gasoline and oil usage here..?

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Permalink Reply by Texas54 on June 1, 2012 at 6:35

Well said.

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Permalink Reply by Parkdota on May 6, 2012 at 3:19

http://www.foxbusiness.com/news/2012/05/04/us-crude-oil-tumbles-bel...

 

Also....it drops nearly every year in recent times at the start of May.  Iran fears were holding it up until now.  The article explains the rest.

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Permalink Reply by Les Bamburg on May 6, 2012 at 3:51

"Plunge" is a bit of an overstatement.  The market will always move based on the latest supply/demand news including the global economy.

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Permalink Reply by Krkyoldhag on May 8, 2012 at 4:34

its $95 right now and still going down...interesting.

NG holding at $2.31 so far...its not doing the free fall other stocks are in

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Permalink Reply by The_Baron on May 8, 2012 at 4:41

Its just reactin on the French election news.

 

Lets chill out. If we drop below $80 then we have something to talk about

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Permalink Reply by Oklahomachic on May 8, 2012 at 13:04

I'll chill, but when do you see it rising... I fixing to open 64,65,66,67 on the Dorcheat unit... Just now starting to light... Should I sign the AFE's?!?

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Permalink Reply by Oklahomachic on May 31, 2012 at 14:39

It is getting in that direction....

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Permalink Reply by Oklahomachic on May 31, 2012 at 14:39

Now can we talk?

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Permalink Reply by Oklahomachic on May 8, 2012 at 12:57

Why T. Boone Pickens loves gas
These companies have been hampered by higher oil prices since many natural gas producers simultaneously produce oil from the same wells.
Pickens also thinks oil prices will continue to rise.
"I think you're going to find oil will get pretty tight this summer," he said. "The Saudis don't have as much oil as they say they do."
Pickens says that anything Saudi Arabia produces above 10 million barrels a day will come from storage and not new production. And it could come just as demand heats up.
Pickens forecasted prices for Brent crude -- Europe's benchmark -- to hit $150 a barrel by this summer.

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Permalink Reply by Oklahomachic on May 8, 2012 at 13:02

When do you guys see it rising?!?

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Permalink Reply by GoshDarn on May 31, 2012 at 20:12

A certain hard-to-read crystal ball, per its unconventional algorithms, is somewhat cautious on oil because there's a good bit of cloudiness uncertainty in the world economies/markets.

Ergo, as the power of the dollar improves, the link to oil pricing seems to be trending down, not just for the immediate short term, but also per a long, cyclical swing.

Commodities do not always go in just one direction.

Plus, the Iranian situation seems to have temporarily eased, somewhat, and there's at least a possibility that another year's window of calm might prevail.

Also, with the European engine continuing to slow, that continent's demand for oil/fuel weakens the price supports for Mideast oil.

So, all in all, it's a complex puzzle, and the wise will not put all of their eggs in higher oil prices.  If they do, they might be in for a shock when this fall comes a callin'.

Conversely, NG is trending toward a renewed base (building) with solid support at its present pricing level, with some upside potential to run per more demand (and depending on the weather issues this summer). 

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