Crude and Natural Gas Daily Information...

[Warph]

Frank....  I have an idea for a new "Reality" show.  I'd call it: "You Gotta
Be Shittin' Me," and it involves simply mounting video cameras atop gasoline
pumps at gas stations throughout the Southwest and the Nation.

[frawin]

May Crude oil settled at $104.97, up $1.88 on the day, April Natural Gas settled at $4.254, up $0.093 on the day.

[frawin]

May Crude is trading at $105.40, up $0.425, June and July are trading in the $106.00 range. Natural Gas is trading at $4.295, up $0.04.

[frawin]

May Crude oil settled at $105.75, up $0.775 on the day, May Natural Gas settled at $4.412, up $0.082 on the day.

[frawin]

May Crude is trading at $106.325, up $0.575. May  Natural Gas is trading at $4.47, up $0.06.

[Warph]

I read recently that Joseph Mason, a Louisiana State University professor, testified before the House Committee on Energy and Commerce that an estimated 13,000 Gulf region jobs have been lost due to Barack Hussein Obuma's offshore drilling moratorium.  Nationwide, Mason says that number is 19,000, and that total lost wages are $1.1 billion and lost tax revenue is $350 million.  Realizing this enormous problem, Obuma gave some reassurance this week, saying, "We want to help you with the technology and support to develop these oil reserves safely.  And when you're ready to start selling, we want to be one of your best customers."

Oh, wait. He said that while in BRAZIL.  Never mind the seven-year offshore drilling ban on U.S. east and west coasts, or on Alaska's continental shelf, or the de facto moratorium in the Gulf.  Obuma wants to help Brazil develop offshore oil so that the U.S. can buy it.

Why?

He explained, "Brazil holds recently discovered oil reserves that could be far larger than ours."  Obuma is in essence saying that because we can't cover ALL of our oil needs, we shouldn't try to cover SOME of them.

That said, the administration did approve the first four deepwater permits for Gulf drilling after last April's Deepwater Horizon oil spill... and issued a highly touted press release to ensure people knew.  It took lawsuits and contempt-of-court rulings to get there... but hey, progress is progress.  As Jim Noe of the pro-drilling Shallow Water Energy Security Coalition observes, issuing permits "used to be a day-to-day affair, not a day that deserves a press release."  LOL.. love it. 

Ho hum.... all the while, we're making progress toward the administration's goal of more expensive gas.  Oh... did I mention that George Soros has beaucoup bucks invested in Brazil's oil reservees.


....Warph

[larryJ]

Same Shell station as of today---------$4.03 for a gallon of regular.  That is a $.24 increase in 27 days.  I have to go now.  I have to take my bicycle over to the station and air up the tires.  Oh, wait!  I forgot.  They now charge $1.00 for air and water.  That is unless you fill up with gas.  Then they give their customers a token for the air and water.  Let me do the math.  Let's see.  15 gallons with an increase of 24 cents would be $3.60.  I had better stick with the $1.00 charge to air up the tires.

Ouch.

Larryj

[larryJ]

On our local ABC news channel last night, they talked about the prices of gas.  Their reporter was doing the story from West Covina. I had seen this last week and wondered about it.  These stations are located across the freeway from me, about two miles away.  The Shell station was selling regular for $4.03 per gallon.  Across the street is a Mobil station.......his price is $4.95 per gallon.  When I saw this last week, my immediate thought was that the owner had just made a mistake when posting his prices.  As it turns out, that is what he is charging for a gallon of gas.  When the TV reporter tried to interview him, he had no comment.  While the news crew was there, they observed that people were going into the station to buy things from the mini-mart, but nobody was getting gas.  Well, except for one car which did get gas.  (what was that guy thinking?)  I can't wait to find out what the story is here.

Larryj

[Warph]

Gas in Surprise, AZ running from $3.49 regular (Safeway and Fry's) to Chevron's $3.62.

[larryJ]

Passed the Shell station on the way home from the store and post office today.  $4.15 for regular.  Paid my Chevron bill today.  We (two of us) bought three tankfuls of gas last month.  She drives a 2007 Camry and I drive a 2002 Sienna.  The amount for those three tankfuls................$217 and change.  

Larryj