Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:33 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Price Rises Above $96 as Fed Fears Fade Back to Topics
xgojim
Champion Author
Michigan

Posts:2,109
Points:1,164,170
Joined:Mar 2011
Message Posted: Jun 27, 2013 6:52:55 AM

The price of oil rose Thursday on expectations the Federal Reserve's monetary stimulus campaign will stay in place despite a vow to begin scaling it back. The official estimate of U.S. economic growth was Wednesday lowered to an annual rate of 1.8 percent for the January-March quarter, sharply down from a previous estimate of 2.4 percent. That raised hopes that the U.S. Federal Reserve will keep in place its bond buying program, which has been a boon to stock and commodity markets by lowering interest rates and weakening the dollar. The Fed has said its $85 billion a month of government bond purchases could be scaled back starting later this year if the economy keeps improving. Benchmark oil for August delivery was up 55 cents to $96.05 a barrel at late afternoon Bangkok time in electro
Visit ABC News for full article
REPLIES (newest first) Post a Reply
52MPG
Champion Author Dayton

Posts:10,510
Points:2,520,125
Joined:Apr 2006
Message Posted: Jun 28, 2013 10:06:22 AM

More government control.
Night Owl
Champion Author Toronto

Posts:10,705
Points:2,560,805
Joined:Jul 2004
Message Posted: Jun 27, 2013 1:02:48 PM

'The price of oil rose Thursday on expectations ...'

Yep, greedy Wall Street oil speculators and their oil futures.
sarasotasingle
Champion Author Sarasota

Posts:4,081
Points:1,006,355
Joined:Jun 2012
Message Posted: Jun 27, 2013 12:53:48 PM

This is my thought today...When the American people stand up and demand A source of affordable oil you will see oil prices slip.American oil development is expensive if you feel A few thousand US oil jobs are worth $4.oo+gal gas then stop complaining about the price.I belive low gas prices(if they stay low no more than $2.00gal)will promote TRUE job creation-in the millions of jobs.Drop all taxes on gas immediately,lets have A vote to buy out speculators(gasoline is much too necessary for this much fluctuation)Ill pay A thousand dollars today for that.Lets have oil companies guarantee A price for the year say $2.50gal to $2.75gal and if it goes higher prove why-is that to much to ask?We have the buying power of hundreds of millions of people.This is A world market why do we have no say at all?
If you agree Buddy me !!!
doctorindyj
Champion Author Santa Fe

Posts:5,244
Points:1,550,325
Joined:Nov 2009
Message Posted: Jun 27, 2013 11:45:53 AM

Weakening the dollar is not a good thing.
Jeff4U
Champion Author Atlanta

Posts:12,284
Points:2,628,540
Joined:Nov 2004
Message Posted: Jun 27, 2013 10:54:21 AM

To be expected.
daytonabiker
Champion Author Florida

Posts:2,992
Points:867,595
Joined:Oct 2012
Message Posted: Jun 27, 2013 10:22:38 AM

CHEVRON-CORP-Executive-Salaries:
J. S. Watson CEO,$22,278,928,
G. L. Kirkland Vice Chairman & Executive Vice President $10,745,761,
P. E. Yarrington Vice President & Chief Financial Officer,$6,623,497,
M. K. Wirth Executive Vice President,$6,641,519,
R. H. Pate Vice President & General Counsel,$4,930,403

http://www1.salary.com/CHEVRON-CORP-Executive-Salaries.html
amerk73
Champion Author Dallas

Posts:10,254
Points:2,398,670
Joined:Oct 2008
Message Posted: Jun 27, 2013 10:21:31 AM

oil price need drop to $84
cdrrod
Champion Author Wisconsin

Posts:7,110
Points:1,518,925
Joined:Feb 2006
Message Posted: Jun 27, 2013 9:41:22 AM

Oh yeah, just in time for the holidays. It's an American tradtion!
scu227
Champion Author New Haven

Posts:8,656
Points:1,550,705
Joined:Feb 2011
Message Posted: Jun 27, 2013 9:38:01 AM

MANIPULATION, SPECULATION and GREEEEEEEEEEED !!!!!
kiatoindos
Champion Author Chicago

Posts:2,297
Points:660,060
Joined:Dec 2012
Message Posted: Jun 27, 2013 9:35:36 AM

Gotta get the prices back up!
mastermariner
Champion Author Texas

Posts:13,337
Points:1,247,540
Joined:Jun 2011
Message Posted: Jun 27, 2013 9:13:53 AM

I guess you cant have it both ways
GSKHY
Champion Author Montreal

Posts:3,193
Points:812,055
Joined:Jan 2013
Message Posted: Jun 27, 2013 9:10:19 AM

following only the profit they are making and forgetting the end user
IronMyShirt
Champion Author Akron

Posts:2,830
Points:972,480
Joined:May 2012
Message Posted: Jun 27, 2013 9:03:01 AM

Translation: we know the news was bad but we've got some money to make so prices will still go up. Sorry if it doesn't work for you.
BUSMAN1105
Champion Author Atlanta

Posts:4,216
Points:1,873,610
Joined:Aug 2008
Message Posted: Jun 27, 2013 9:01:46 AM

NO NO GOING THE WRONG WAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
gypsymom3
Champion Author New Jersey

Posts:5,992
Points:1,336,715
Joined:Aug 2009
Message Posted: Jun 27, 2013 8:21:15 AM

hhhmmmm
car253
Champion Author Ohio

Posts:9,316
Points:2,204,255
Joined:Oct 2008
Message Posted: Jun 27, 2013 8:20:32 AM

No surprise!
CobraJ
Champion Author Tampa

Posts:1,304
Points:489,715
Joined:Mar 2011
Message Posted: Jun 27, 2013 8:19:21 AM

I knew this price drop was just a farce. It didn't take long for it to go back up because of another stupid reason.

[Edited by: CobraJ at 6/27/2013 8:19:59 AM EST]
JerryJoeUC
Champion Author San Antonio

Posts:2,940
Points:937,685
Joined:Sep 2012
Message Posted: Jun 27, 2013 8:18:21 AM

Surprise?
AVKZ
Champion Author Kalamazoo

Posts:1,970
Points:969,005
Joined:Apr 2012
Message Posted: Jun 27, 2013 8:16:54 AM

What are they thinking?
zuess28
Champion Author Allentown

Posts:1,602
Points:345,250
Joined:Mar 2013
Message Posted: Jun 27, 2013 8:08:37 AM

The economy improving, what a joke.
humblepie
Champion Author Toledo

Posts:63,823
Points:3,152,370
Joined:Mar 2006
Message Posted: Jun 27, 2013 8:06:04 AM

and this surprise's whom ????????????????????
Buickdriver7
Champion Author Ontario

Posts:4,125
Points:1,481,640
Joined:Jan 2011
Message Posted: Jun 27, 2013 7:46:14 AM

So much for yesterday's predictions of $65 to $80 oil!!
Peachy1
Champion Author St. Louis

Posts:3,085
Points:2,401,385
Joined:Aug 2005
Message Posted: Jun 27, 2013 7:44:39 AM

Well of course, it's that time of the week that oil prices should be going up. Any reason, any excuse, that's the Fed.
FPLREP
Champion Author Virginia

Posts:12,214
Points:3,224,810
Joined:Oct 2005
Message Posted: Jun 27, 2013 7:44:18 AM

Fed keeps interest low, banks/speculators can borrow money for free and bid up price of oil.
scottyiam
Champion Author Reading

Posts:3,385
Points:850,270
Joined:Jan 2013
Message Posted: Jun 27, 2013 7:27:34 AM

roller coaster is still working
00MrSlate00
Champion Author Illinois

Posts:3,407
Points:844,820
Joined:Feb 2013
Message Posted: Jun 27, 2013 7:20:54 AM

Ok
el_fr
Champion Author Massachusetts

Posts:6,586
Points:1,522,705
Joined:Apr 2011
Message Posted: Jun 27, 2013 7:15:42 AM

Argh!
335d1
Champion Author Virginia

Posts:5,638
Points:1,505,345
Joined:Feb 2011
Message Posted: Jun 27, 2013 7:13:50 AM

Gas prices to follow this trend.
NilesBishop
Champion Author Philadelphia

Posts:3,030
Points:739,290
Joined:Feb 2013
Message Posted: Jun 27, 2013 7:09:45 AM

As usual, the Fed has no idea what it is doing.
Rappcommuter
All-Star Author Virginia

Posts:820
Points:1,067,090
Joined:Apr 2011
Message Posted: Jun 27, 2013 7:08:44 AM

It is amazing how just about any news can be used to justify a raise oil prices.
Rockyguitar
Champion Author Tampa

Posts:5,658
Points:1,958,240
Joined:Sep 2008
Message Posted: Jun 27, 2013 7:08:14 AM

Every other day...oil prices to fall soon
Followed by every other other day...oil prices on the rise
WHY BOTHER????????????????????
dandvicb
Champion Author Bridgeport

Posts:3,329
Points:1,778,315
Joined:Jul 2004
Message Posted: Jun 27, 2013 7:03:10 AM

PURE GREED & market manipulation!!

SPECULATORS!!!
gs7101
Champion Author San Antonio

Posts:8,428
Points:573,235
Joined:Jun 2009
Message Posted: Jun 27, 2013 7:02:50 AM

Another excuse to increas oil prices!
werich44
Champion Author California

Posts:5,105
Points:1,240,910
Joined:Jun 2011
Message Posted: Jun 27, 2013 6:54:54 AM

No surprises here.
xgojim
Champion Author Michigan

Posts:2,109
Points:1,164,170
Joined:Mar 2011
Message Posted: Jun 27, 2013 6:53:38 AM

Your morning oil rice advisory. Going up again today.
Post a reply Back to Topics