OIL MARKET: BREAKING: CME To Allow Listing Of Negative Oil Options Effective April 22!!!p836

6:53a
OPEC says non-OPEC supply to rise more than forecast in 2015 [link to www.marketwatch.com]

Give em a bump

wow this is huge!!

heres the link: [link to www.bloomberg.com]

Goodrich Petroleum's stock drops 3.9% premarket after capex update
3 min ago - Tomi Kilgore [link to www.marketwatch.com]

they dont even know about the oil just discovered in the deep south.

wait till they find out...

Opec opens door to emergency meeting with oil downgrade

[link to uk.finance.yahoo.com (secure)]

BI: Markets @themoneygame · 4 min Há 4 minutos
"OPEC has really, in my opinion, dissolved as a cartel." -BAML's Blanch [link to www.businessinsider.com] …

Opec is bankrupt

time for solar

zerohedge @zerohedge · 57 seg Há 58 segundos
Oil Resumes Drop as Iran Sees $40 If There’s OPEC Discord [link to www.bloomberg.com] …

Business Insider @businessinsider · 3 min Há 3 minutos
Crashing oil prices aren't all bad for the big oil companies [link to read.bi]

I dont get it. Price decreases. Demand should be higher...

Business Insider @businessinsider · 50 seg Há 51 segundos
China's big problem is that it might be slowing faster than everyone thinks [link to read.bi]

Don't cheer too loudly. Our economy is tied to the price of oil. Complain all you want about Phillips, Oxy Pet, Haliburton, etc, but they all employ millions of people and purchase billions of dollars worth of products from suppliers that employ millions of people. You knock over that first domino and 2008 will look like a wet dream. IF we were going to drive the price of oil down it would have been better to do it over a couple of decades, except that at some point we're going to run out anyway.

you got it backwards...demand lower, prices lower....hence the supply cuts

Why did Japan declare war on the USA in WW2?

Good morning Luis! This needs to be pinned!

That only applies when market forces are allowed. There haven't been market forces at work in any market for decades. It's all a controlled game.

Demand would be higher if the economy were soaring and businesses were travelling, cutting deals, etc... Instead we have this economy...

Sanctions. Eh, Japan declared war on the USA in WWII because the USA was doing to them exactly what the USA is currently doing to Russia, politically and economically speaking.

Business Insider @businessinsider · 2 min Há 2 minutos
Russia's central bank is meeting on Thursday — and it only has bad options [link to read.bi]

In 2008 there was a shortage of refining capacity compared to demand.

In the years since, demand has collapsed so much, that 4 (four) oil refineries have closed just in the UK.

If people can't afford to buy it, it doesn't matter if it is $5 a barrel.

In the future, with existing technology, ultra clean synthetic liquid fuels can be produced quite cheaply, with Plasma Gasification, from waste.

There's a guy in America building three plants to produce synthetic diesel. He is buying in the natural gas feedstock to do it, rather than using free waste, and even so he can produce a gallon of synthetic diesel for about $1.

If all the annual waste in Britain was put through Plasma Gasification and a F-T syngas unit with it, just the ultra clean diesel would be about four times what America uses a year (with free feedstock). Plus there would be ultra clean gasoline, jet fuel, and fuel gas. Metals production from that waste, would amount to about 16.5 million tons a year.

Feedstock can include Municipal Solid Waste, Industrial waste, Chemical waste, coal, oil, gas, CO2, old tyres, old landfill, sewage sludge, biomass, incinerator ash, and even seawater (about 25% moisture content is ok).

Seawater has about 140 times more CO2 in it than the atmosphere (why the US Navy is going to make jet fuel out of it), so a good boost for hydrocarbon production in the process.

[link to www.westinghouse-plasma.com]

Oil at a sensible price will still have a use for blending with feedstock. If the price isn't sensible, then other things can be used instead until the price IS sensible.

It's time to send the arabs back to camel power.

Gas is now under $2.00/gallon in parts of Texas. I wish texas was closer.

I agree. Gas may be cheaper now but I don't drive more now. I cut down on my driving a year+ ago because gas was so high.

Maybe after the socialist are booted out.