Sunday 14 Sep 2008 | Posted By
Patrick |
Commentary
EDIT: FOR LATEST UPDATES ON REFINERY DAMAGE/SHUTDOWNS, VISIT THE REFINERY STATUS PAGE
NYMEX opened today at 10:30am, a break from when the exchange usually opens in the evening for electronic/international trading.
At 2:00EDT, gasoline for October delivery was trading down 12-cents/gallon while oil fell below $100/bbl.
I am researching and making calls today for possible damage reports. So [...]
Thursday 11 Sep 2008 | Posted By
Patrick |
Predictions
UP-TO-DATE HURRICANE IKE INFO OR CLICK “HURRICANE CENTRAL” NEXT TO THE BLINKING Q&A LINK
If you have any interests in the South (Texas, Lousiana) area, you might want to inform them to stockpile gas at ANY PRICE under $4. Grand Rapids will likely also see a price hike to over $4, with more hikes coming.
Currently, gasoline [...]
Wednesday 10 Sep 2008 | Posted By
Patrick |
Commentary
First off: Read this post thoroughly if you want to find out WHY prices are justified.
A brief thank you to Tom Kloza for taking the time out of his day (Publisher @ OPIS) to respond to a few questions I had.
I now understand and can say that I know why Grand Rapids (and all of [...]
Wednesday 03 Sep 2008 | Posted By
Patrick |
Predictions
Many Americans can breathe a sigh of relief as workers slowly return to the Gulf to survery storm damage today. As of Wednesday morning, I have yet to hear of major damage to any facility that processes oil or natural gas. That has led to a large oil sell-off the last few days, with crude [...]
Sunday 31 Aug 2008 | Posted By
Patrick |
Predictions
UPDATE 4:50pm EDT: LOOP (Louisiana OffShore Oil Port) has been closed. Gustav is forecast to hit it directly. Any damage to LOOP would be catastrophic to the county and could raise oil prices $10 or more per barrel. This port provides over 1-million barrels of oil per DAY to the United States (via Middle East [...]
Saturday 30 Aug 2008 | Posted By
Patrick |
Predictions
Note: I decided I had better take a quick break from vacation. I was away hiking in Yellowstone, please forgive me for not posting.
When my phone got service yesterday, I had received numerous voice-mails informing me that a Hurricane “Gustav” had formed and could be effecting gas prices. Unfortunately I’ve been out of the loop- [...]
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