Crude Oil Futures
After a report from the U.S. Energy Information Administration that gasoline stocks had fallen last week by 2.9 million barrels, the price of crude oil shot up as high as $83.03 a barrel, its highest levels since early January.
The benchmark contract settled to $80.96 as the day went on, a decrease of 0.5 percent a barrel.
Other news affecting the price of oil was the announcement from OPEC that crude demand per day would rise by over 190,000 barrels a day over its previous estimate of 28.94 million barrels a day.
Crude Oil Futures
Wednesday, March 10, 2010
Tuesday, March 9, 2010
Contact Page for Dripping Oil
Contact Us
Allen Nine: allenine@comcast.net
Jim Stevens: jimmycrackedcorn@comcast.net
Ray Esally: raesally@comcast.net
Gary Thomas: geeb@hotmail.com
Ellen Stevens: ellenstevens2656@yahoo.com
Allen Nine: allenine@comcast.net
Jim Stevens: jimmycrackedcorn@comcast.net
Ray Esally: raesally@comcast.net
Gary Thomas: geeb@hotmail.com
Ellen Stevens: ellenstevens2656@yahoo.com
Dripping Oil Author Team
Dripping Oil Author Team
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Ellen Stevens
Ellen has owned or managed several multi-million dollar retail or service business through her career, and has been writing on business, the U.S. economy and the effects of the Federal Reserve and government policy on overall global financial health.
She brings all this to bear on how energy impacts all of business and where it is going in the future.
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Ray Esally
Ray is an expatriate living in China, who listens to and observes the heartbeat of business in the Middle Kingdom, as well as other Asian countries.
He also keeps his finger on the pulse of China's economic policies and the resultant response of its leaders to current events.
Asia is a key component of global economic growth, and Ray will cover how energy will impact that region of the world.
==============
Gary Thomas
Gary has been running Internet businesses for over a dozen years, and has been writing on business topics since 2005. His favorite financial topic is the commodity bull run, which he expects to continue on for years.
Companies associated with commodities are also of interest to this Internet, business and investing expert.
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Allen Nine
Allen's specialty is currencies, precious metals, the Federal Reserve, and other central banks and their policies which are having a major impact on the world we live in.
Also important to Allen is the irresponsible government policies around the world which, overall, refuse to stop spending and to shrink the governments down to manageable size.
As it relates to energy, Allen will report on how energy needs are contradicting the politically correct agenda of governments around the world, as oil and gas remain by far the major source of energy for the foreseeable future.
===============
Jim Stevens
Jim Stevens has been writing about the energy industry for two decades, and has watched the enormous changes bearing upon it and what it means to the present and future.
Especially of note is the emerging shale industry in the United States which will eventually make it the largest producer of natural gas and oil in the world.
Stevens will cover this part of energy thoroughly and accurately to keep us all abreast of this amazing story.
==============
Ellen Stevens
Ellen has owned or managed several multi-million dollar retail or service business through her career, and has been writing on business, the U.S. economy and the effects of the Federal Reserve and government policy on overall global financial health.
She brings all this to bear on how energy impacts all of business and where it is going in the future.
==============
Ray Esally
Ray is an expatriate living in China, who listens to and observes the heartbeat of business in the Middle Kingdom, as well as other Asian countries.
He also keeps his finger on the pulse of China's economic policies and the resultant response of its leaders to current events.
Asia is a key component of global economic growth, and Ray will cover how energy will impact that region of the world.
==============
Gary Thomas
Gary has been running Internet businesses for over a dozen years, and has been writing on business topics since 2005. His favorite financial topic is the commodity bull run, which he expects to continue on for years.
Companies associated with commodities are also of interest to this Internet, business and investing expert.
===============
Allen Nine
Allen's specialty is currencies, precious metals, the Federal Reserve, and other central banks and their policies which are having a major impact on the world we live in.
Also important to Allen is the irresponsible government policies around the world which, overall, refuse to stop spending and to shrink the governments down to manageable size.
As it relates to energy, Allen will report on how energy needs are contradicting the politically correct agenda of governments around the world, as oil and gas remain by far the major source of energy for the foreseeable future.
===============
Jim Stevens
Jim Stevens has been writing about the energy industry for two decades, and has watched the enormous changes bearing upon it and what it means to the present and future.
Especially of note is the emerging shale industry in the United States which will eventually make it the largest producer of natural gas and oil in the world.
Stevens will cover this part of energy thoroughly and accurately to keep us all abreast of this amazing story.
Saturday, March 6, 2010
Iranian Company Buys Chinese Oil Rigs
Iran Oil Rig Deal with China
China is the beneficiary of an order of an oil rig from Iran, valued at $143 million for the overall contract.
The North Oil Drilling Company, a state-run Iranian firm, also said it has orders for two more from the Chinese state energy group CNPC.
If the contract is fulfilled on time, the oil rig should be delivered sometime in the next eight months or so for use in oil and gas fields in the Persian Guld, said North Oil Drilling Company head Hedayatollah Khademi.
Iran Oil Rig Deal with China
China is the beneficiary of an order of an oil rig from Iran, valued at $143 million for the overall contract.
The North Oil Drilling Company, a state-run Iranian firm, also said it has orders for two more from the Chinese state energy group CNPC.
If the contract is fulfilled on time, the oil rig should be delivered sometime in the next eight months or so for use in oil and gas fields in the Persian Guld, said North Oil Drilling Company head Hedayatollah Khademi.
Iran Oil Rig Deal with China
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