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August 26, 2009

Hurricane Season Is Here

 

Vacationers and energy traders haven’t had too much to worry about, yet, but both will be keeping an eye on the weather. NOAA (that’s the National Oceanic and Atmospheric Administration) predicts that this season will be average to below normal.

So that you can personally track any hurricanes yourself, it even has NOAAWatch Web Widgets. Even though Charlie Crist keeps saying his prayers, we’d keep an eye out.

Energy traders, a tropical storm (which would be named Danny if it gets hurricane status) is beginning in the Bahamas. You might want to check out those widgets yourselves.

For some reason, Hurricane Bill went to Canada. Prefers the healthcare there, or what??

Filed under:Fumes | by Pump Girl @ 2:25 pm | 

August 25, 2009

The Oil Drum vs. The NYT

 

An op ed piece in the NY Times written by Michael Lynch: Peak Oil is a Waste of Energy has caught the attention of The Oil Drum, a blog that discusses energy and our future.

The NYT piece basically purports that the ‘peak oil’ theory is a gross exaggeration on par with Chicken Little.

The Oil Drum begs to differ, and takes Lynch’s points and refutes them.

We don’t know about you, but that old argument that ‘you can’t go wrong investing in land because they aren’t making any more of it’ does sort of come to mind here.

Filed under:Energy,Fuel cost,Fumes,Gas price | by Pump Girl @ 5:05 pm | 

August 24, 2009

Oil Up Over $74/Barrel

 

The economy is no longer holding back the price of oil. It moved up to over $74/ barrel with expectations that it will reach somewhere higher as the economy recovers.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 5:30 pm | 

August 20, 2009

Oil Up Over $71/ Barrel

 

We suspected this would happen. A lot of that oil “stockpiled” has been used.

EIA said crude storage fell by 8.4 million barrels last week. Gas in storage down as well.

But Tom Kloza is not so worried.

The amount of jet fuel, gasoline, diesel and crude in storage is still huge, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

“It would take several reports like this to convince me” that demand has returned, Kloza said.

Hurricane Bill is staying out of trouble so far. What’s not to like?

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 6:45 pm | 

August 17, 2009

Hurricane Bill?

 

Bill may become a major hurricane by Wed.

Normally this would have oil traders wringing their hands as prices soar, but this time the amount of oil in storage leaves traders still in their comfort zone.

Another case of wait and see!

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 5:50 pm |