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April 6, 2009

What Caused Oil To Boom

 

Eddy Elfenbein at Crossing Wall Street takes on the question.

Apparently, it’s not a conspiracy after all. More likely, the answer is old-fashioned supply and demand.

Filed under:Causes and Solutions,Fuel Price Trends,Gas price | by Pump Girl @ 5:59 pm | 

Oil Prices Rise

 

Oil prices have gained something like 40% since mid Feb. Equity markets up; OPEC cuts in force. If only global demand & inventory would cooperate.

According to the EIA, US crude stockpiles hit a 16 year high last week.

Goldman Sachs says the rallies will be short-lived until the second half of 2009.

“We continue to expect that a more stable demand environment, reinforced by the likely need for the industry to restock during second-half 2009, will help push the oil market into a sustained deficit later in the year,” it said.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 4:56 pm | 

April 1, 2009

Fill Up On News 4/1/2009

 

Oil just couldn’t get to the $50/barrel price yesterday. The big oil invertory is not helping.

CNNMoney analyzes the effects of auto bankruptcy from A (autoworkers) to T (taxpayers) and everybody in between.

Ford vehicle sales drop 41% in March.

Americans are big people. They like to drive big cars.

Gas sales drop, even though prices have gone down.

Filed under:Daily News Post,Fuel Price Trends | by Pump Girl @ 2:03 pm | 

This Is Not A Joke

 

California, in an effort to reduce greenhouse gas and emissions was thinking black cars must go. “Cool cars” would be the rule. It seems that the of black cars absorb more solar energy, heat up too much and require more air conditioning to cool them down.

Oops, guess what? Reflective paint does come in black (jet black still a problem).

To the relief of limo drivers and all black car aficionados( it’s the second most popular color, behind white), California has backed off.

Filed under:Energy,Vehicle News | by Pump Girl @ 1:09 pm |