dirt hound
Registered User
you don't have to have meat to survive but you do energy and as far as oil we have 5 times the amount the Saudis do and they haven't run out but if we have people like Nancy pelosi in office it won't mean a hill of beans
GAS UPDATE! Its going UP
- Thread starter dirtracefan2
- Start date
kingeddy
Mean Old Ignorant Bastard
Answer these Hound....
The US is currently EXPORTING 1.8 Million barrels of oil per day. WHY?
Why should we drill more, when at the current rate, the US will have already exported more than 40% of the oil that is reported to exist in the protected offshore areas before the first barrel from that area could even be extracted?
Why aren't we keeping this oil at home? The US produces roughly 7.6 Million barrels of domestic oil per day. That means we export nearly 24% of what we produce. Why?
The US is currently EXPORTING 1.8 Million barrels of oil per day. WHY?
Why should we drill more, when at the current rate, the US will have already exported more than 40% of the oil that is reported to exist in the protected offshore areas before the first barrel from that area could even be extracted?
Why aren't we keeping this oil at home? The US produces roughly 7.6 Million barrels of domestic oil per day. That means we export nearly 24% of what we produce. Why?
dirt hound
Registered User
the market dictates it we are in a world market geesh in that caes if all countries did that we would be up a creek with out a paddle just like you it's george bushfault because theoil price is so wrong again we arenothe only one suffering during these times do lil research king eddy I know wantus to conserve and have thr govt tax us to death yeah that wil really make the economy gree next time some need a job go ask bum downtown for job lmfao
dirt hound
Registered User
do you want to type slower for you it's called world market get it
bryanracing55
New Member
Again I say Bla, Bla, Bla, Beat that dead horse untill it farts. Will not change anything. Your going to buy the gas anyway. so just do it and life will go on. Wan't to save money on gas? Stop going to those non winning, Big time looser ball games and there ya have it, Extra gas to go do something more inportant like going to the races.
Works for me. Why biteh you won't walk anywhere anyway, will ya? NO
Works for me. Why biteh you won't walk anywhere anyway, will ya? NO
dirtgoon
'89 S-10, 350 Smallblock
I agree. I make sure I have gas for two nights of racing. Gave up some stuff but NOT MY RACING! Racing first everything else second.Again I say Bla, Bla, Bla, Beat that dead horse untill it farts. Will not change anything. Your going to buy the gas anyway. so just do it and life will go on. Wan't to save money on gas? Stop going to those non winning, Big time looser ball games and there ya have it, Extra gas to go do something more inportant like going to the races.
moonflow
BIRKY!!!
Selling the oil overseas just means that we have to continue to buy oil from OPEC nations. That is another reason why oil drilling more isn't going to help our situation out. Especially since it will be a minimum of 5 years before we see even 1 barrel of oil, if we open up ANWR or the coasts. We can drill it all we want, but unless we keep it here, we are still dependant on OPEC oil.
dirt hound
Registered User
exporting the oil actually helps the price go down by exporting our dollar is worth more and guess what when they make trade in oil it's in dollars when the dollar goes the crapper the price goes up not just for us but world wide geesh and what we are paying at the pump right was determined back in early to mid august gas right now whole is going for 2.58 but your paying right now what 3.68 the lowest and MOONFLOW did ever hear of supply and demand something new lmfao more supplies will mean what lower prices not for the us but world wide it's about time the us gets off the pot and gets in the game REMEMBER WE ARE IN A WORLD MARKETCrude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity.
[SIZE=-1]Trading unit: Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Options: One NYMEX Division light, sweet crude oil futures contract[/SIZE]
[SIZE=-1].[/SIZE]
[SIZE=-1]Trading Months: Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours. Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle. [/SIZE]
[SIZE=-1]Price Quotation [/SIZE]
[SIZE=-1]Crude Oil Futures are quoted in dollars and cents per barrel.[/SIZE]
[SIZE=-1]Minimum Price Fluctuation: $0.01 (1¢) per barrel ($10 per contract).[/SIZE]
[SIZE=-1]Maximum Daily Price Fluctuation[/SIZE]
[SIZE=-1]Futures: Initial limits of $3.00 per barrel are in place in all but the first two months and rise to $6.00 per barrel if the previous day's settlement price in any back month is at the $3.00 limit. In the event of a $7.50 per barrel move in either of the first two contract months, limits on all months become $7.50 per barrel from the limit in place in the direction of the move following a one-hour trading halt. [/SIZE]
[SIZE=-1]Options: No price limits.[/SIZE]
[SIZE=-1]Last Trading Day[/SIZE]
[SIZE=-1]Crude Oil Futures: Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the 25th calendar day.[/SIZE]
[SIZE=-1]Options: Trading ends three business days before the underlying futures contract. [/SIZE]
[SIZE=-1]Delivery [/SIZE]
[SIZE=-1]F.O.B. seller's facility, Cushing, Oklahoma, at any pipeline or storage facility with pipeline access to TEPPCO, Cushing storage, or Equilon Pipeline Co., by in-tank transfer, in-line transfer, book-out, or inter-facility transfer (pumpover).[/SIZE]
[SIZE=-1]Delivery Period [/SIZE]
[SIZE=-1]All deliveries are rateable over the course of the month and must be initiated on or after the first calendar day and completed by the last calendar day of the delivery month.[/SIZE]
[SIZE=-1]Alternate Delivery Procedure (ADP)[/SIZE]
[SIZE=-1]An Alternate Delivery Procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange.[/SIZE]
[SIZE=-1]Exchange of Futures for, or in Connection with, Physicals (EFP)[/SIZE]
[SIZE=-1]The commercial buyer or seller may exchange a futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position.[/SIZE]
[SIZE=-1]Deliverable Grades [/SIZE]
[SIZE=-1]Specific domestic crudes with 0.42% sulfur by weight or less, not less than 37° API gravity nor more than 42° API gravity. The following domestic crude streams are deliverable: West Texas Intermediate, Low Sweet Mix, New Mexican Sweet, North Texas Sweet, Oklahoma Sweet, South Texas Sweet. [/SIZE]
[SIZE=-1]Specific foreign crudes of not less than 34° API nor more than 42° API. The following foreign streams are deliverable: U.K. Brent and Forties, and Norwegian Oseberg Blend, for which the seller shall receive a 30¢-per-barrel discount below the final settlement price; Nigerian Bonny Light and Colombian Cusiana are delivered at 15¢ premiums; and Nigerian Qua Iboe is delivered at a 5¢ premium.[/SIZE]
[SIZE=-1]Inspection [/SIZE]
[SIZE=-1]Inspection shall be conducted in accordance with pipeline practices. A buyer or seller may appoint an inspector to inspect the quality of oil delivered. However, the buyer or seller who requests the inspection will bear its costs and will notify the other party of the transaction that the inspection will occur.[/SIZE]
[SIZE=-1]Position Limits[/SIZE]
[SIZE=-1]Any one month/all months: 20,000 net futures, but not to exceed 1,000 in the last three days of trading in the spot month.[/SIZE]
[SIZE=-1]Margin Requirements[/SIZE]
[SIZE=-1]Margins are required for open futures or short options positions. The margin requirement for an options purchaser will never exceed the premium.[/SIZE]
[SIZE=-1]Trading unit: Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Options: One NYMEX Division light, sweet crude oil futures contract[/SIZE]
[SIZE=-1].[/SIZE]
[SIZE=-1]Trading Months: Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. These calendar strips are executed during open outcry trading hours. Options: 12 consecutive months, plus three long-dated options at 18, 24, and 36 months out on a June/December cycle. [/SIZE]
[SIZE=-1]Price Quotation [/SIZE]
[SIZE=-1]Crude Oil Futures are quoted in dollars and cents per barrel.[/SIZE]
[SIZE=-1]Minimum Price Fluctuation: $0.01 (1¢) per barrel ($10 per contract).[/SIZE]
[SIZE=-1]Maximum Daily Price Fluctuation[/SIZE]
[SIZE=-1]Futures: Initial limits of $3.00 per barrel are in place in all but the first two months and rise to $6.00 per barrel if the previous day's settlement price in any back month is at the $3.00 limit. In the event of a $7.50 per barrel move in either of the first two contract months, limits on all months become $7.50 per barrel from the limit in place in the direction of the move following a one-hour trading halt. [/SIZE]
[SIZE=-1]Options: No price limits.[/SIZE]
[SIZE=-1]Last Trading Day[/SIZE]
[SIZE=-1]Crude Oil Futures: Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the 25th calendar day.[/SIZE]
[SIZE=-1]Options: Trading ends three business days before the underlying futures contract. [/SIZE]
[SIZE=-1]Delivery [/SIZE]
[SIZE=-1]F.O.B. seller's facility, Cushing, Oklahoma, at any pipeline or storage facility with pipeline access to TEPPCO, Cushing storage, or Equilon Pipeline Co., by in-tank transfer, in-line transfer, book-out, or inter-facility transfer (pumpover).[/SIZE]
[SIZE=-1]Delivery Period [/SIZE]
[SIZE=-1]All deliveries are rateable over the course of the month and must be initiated on or after the first calendar day and completed by the last calendar day of the delivery month.[/SIZE]
[SIZE=-1]Alternate Delivery Procedure (ADP)[/SIZE]
[SIZE=-1]An Alternate Delivery Procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange.[/SIZE]
[SIZE=-1]Exchange of Futures for, or in Connection with, Physicals (EFP)[/SIZE]
[SIZE=-1]The commercial buyer or seller may exchange a futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position.[/SIZE]
[SIZE=-1]Deliverable Grades [/SIZE]
[SIZE=-1]Specific domestic crudes with 0.42% sulfur by weight or less, not less than 37° API gravity nor more than 42° API gravity. The following domestic crude streams are deliverable: West Texas Intermediate, Low Sweet Mix, New Mexican Sweet, North Texas Sweet, Oklahoma Sweet, South Texas Sweet. [/SIZE]
[SIZE=-1]Specific foreign crudes of not less than 34° API nor more than 42° API. The following foreign streams are deliverable: U.K. Brent and Forties, and Norwegian Oseberg Blend, for which the seller shall receive a 30¢-per-barrel discount below the final settlement price; Nigerian Bonny Light and Colombian Cusiana are delivered at 15¢ premiums; and Nigerian Qua Iboe is delivered at a 5¢ premium.[/SIZE]
[SIZE=-1]Inspection [/SIZE]
[SIZE=-1]Inspection shall be conducted in accordance with pipeline practices. A buyer or seller may appoint an inspector to inspect the quality of oil delivered. However, the buyer or seller who requests the inspection will bear its costs and will notify the other party of the transaction that the inspection will occur.[/SIZE]
[SIZE=-1]Position Limits[/SIZE]
[SIZE=-1]Any one month/all months: 20,000 net futures, but not to exceed 1,000 in the last three days of trading in the spot month.[/SIZE]
[SIZE=-1]Margin Requirements[/SIZE]
[SIZE=-1]Margins are required for open futures or short options positions. The margin requirement for an options purchaser will never exceed the premium.[/SIZE]
dirt hound
Registered User
and moon flow they been digging forthe last 2 years inthe green river basin which makes anwar look like the bottom of an old harley
dirt hound
Registered User
some light hearted stuff
http://sendables.jibjab.com/sendables/1191/time_for_some_campaignin#/teaser/1191
http://sendables.jibjab.com/sendables/1191/time_for_some_campaignin#/teaser/1191
