#35- AubreyJ’s Energy Update Report - March 04, 2011

AubreyJ’s Latest Energy Update Report

Some Economists believe another recession could be in making if oil rises over $150 per barrel

Friday, March 04, 2011

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Image credit: (NBL), Noble Energy, Inc

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* WBay.com brings us the following AP report this Friday afternoon that starts off like this... Oil prices rose past $104 a barrel to end the week at a 29-month high, as fighting in Libya intensified and the world's largest petroleum consumer, the U.S., reported that employers added nearly 200,000 new jobs in February...

Read the full report at link below...

Oil settles at highest level since Sept. 2008

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* Reuters.com has this take on our energy woes today... Wall Street erased all of its weekly gains on Friday as fears of more geopolitical turmoil and the impact of high oil prices drove investors to sell risky assets like stocks... Brent crude prices LCOc1 rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf...

Read this report in full at link below...

US STOCKS-Wall St erases weekly gains as oil price weighs

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* WSJ.com reports the news this way today... Crude-oil futures settled at their highest level in 2 1/2 years Friday, spurred by reports of violence near Libya's oil facilities... Light, sweet crude for April delivery settled up $2.51, or 2.5%, at $104.42 a barrel on the New York Mercantile Exchange, the highest settlement since Sept. 26, 2008. Brent crude on the ICE futures exchange settled up $1.18, or 1%, to $115.97 a barrel... More violence in Libya, the member of the Organization of Petroleum Exporting Countries that has been consumed by armed revolt in recent weeks, again lifted crude prices Friday. At least four people were killed in clashes near an oil compound at the seaside town of Raslanuf, witnesses said... Meanwhile, conflicting reports emerged about the status of the port city of Brega, an important oil refining town that has been the site of heavy fighting between forces loyal to Moammar Gadhafi and rebel groups...

Read this report in full at link below...

OIL FUTURES: Crude Prices At 2 1/2-Year Highs On Libya Violence

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* Bloomberg.com reports... Oil rigs operating in the U.S. jumped by the most this year as prices climbed to a 29-month high, according to data published by Baker Hughes Inc. (BHI) The number of Natural Gas Rigs dropped to a one-year low...

Read the rest at link below...

U.S. Oil Rig Count Jumps by Most in 2011, Baker Hughes Says

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* WSJ.com...

US Natural Gas Rig Count Falls To 1-Year Low - Baker Hughes

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Funny how every time oil/gas prices get out of hand, my weekly grocery bill does the same. And I don’t know about you but my grocery bills have gone up big-time of late!

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Drill Baby, DRILL!!!

AubreyJ.........

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#34- AubreyJ’s Energy Update Report - January 28, 2011

AubreyJ’s Latest Energy Update Report

Oil Surges To Near $90 A Barrel As Egyptian Anti-Government Protests Spark Concerns Over Waning Regional Stability - Should Violence Spread Over Into Saudi Arabia, $200 A Barrel For Crude BIG Possibility

Friday, January 28, 2011

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People in Egypt have defied a government curfew imposed nationwide.

Read the story behind the photo at link below...

'Egypt uprising due to Muslim vigilance'

Image Credit: PressTV.ir

Yes... Iran is surely LOVING all of this and will do all it can to fill any void

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With anti-government protests in Egypt sparking concerns this morning over regional stability... Crude oil prices spiked Friday, having increased by more than 4% and reaching near $90 a barrel, ($89.65) before retreating in early afternoon trading. OUCH!

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- Here are just a few troubling reports I ran down today -

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* The Wall Street Journal has the following report posted up on their website today and it starts off like this... Tanker stocks surged Friday as investors speculated that the civil unrest in Egypt could lead to a shutdown of the Suez Canal, an incident that would likely spark a sharp uptick in demand for ships... The Suez Canal is a key transit point for oil and fuel shipments from the Persian Gulf to the Western Hemisphere, and a closure there would mean ships would have to travel around the southern tip of Africa instead, adding thousands of miles to their journeys, and likely tightening shipping capacity... There doesn't appear to be any solid indication the canal is in danger of shutting down, but it's seen as a possibility as protestors rallied in the streets of Egypt for the fourth straight day against President Hosni Mubarak...

Read the full report at link below...

Tankers Gain As Egypt Unrest Sparks Concerns About Suez Canal

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* Bloomberg.com reposts it this way... Trading of bullish options on an exchange-traded fund tracking crude futures soared to a record as oil surged the most since September 2009 after unrest in Egypt raised concern that protests would spread to major oil- producing parts of the Middle East...

Read the rest at link below...

Bullish Oil ETF Options Trades Soar to Record Amid Egypt Unrest

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About this News Video: President Barack Obama, former U.S. president Bill Clinton and Egyptian government opponent Mohamed ElBaradei talk about the clashes on the streets of Cairo demanding the end of President Hosni Mubarak's regime. This report also includes comment from former United Nations Secretary General Kofi Annan, Organization of Economic Cooperation and Development Secretary General Angel Gurria, International Monetary Fund Middle East Adviser Masood Ahmed and Bahraini banker Khalid Abdulla-Janahi. This report contains some video provided by APTN.

Source: Bloomberg

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'Cairo Is a War Zone'

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AubreyJ.........

THE IMPENDING COLLAPSE OF OUR ENEMIES – By Dick Morris

Our friend Dick Morris has a very interesting read today on his website that I wished to share with you and it starts off like this...
....The Depression -- let’s call it what it is -- leaves us, well, depressed. But there is very good news from around the world. Our enemies are collapsing under the strain of dropping oil and gas prices. What we had all hoped conservation and off-shore drilling would achieve, the global economic collapse is accomplishing: the defeat of OPEC, Iran, Chavez, Putin and the weakening of the financial underpinnings of Islamist terrorism. In each of these nations, the hold of the dictator is weakening as, one after the other, they face the consequences of dropping oil prices...
Read the rest at link below
THE IMPENDING COLLAPSE OF OUR ENEMIES

Will Oil Hit $100 A Barrel???

Will Oil Hit $100 A Barrel???

Wednesday, November 07, 2007
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Oil prices stalled in their climb toward $100 a barrel Wednesday after a government report said oil inventories fell less than expected last week while refinery utilization remained flat... Oil investors largely viewed the report as neutral in that it confirmed a view that oil supplies are falling, but offered no real surprises...
Read the rest at link below...
Oil prices' climb toward $100 slowed

Crude Oil Rises Above $88 a Barrel Tuesday on Signs Turkey May Attack Iraq

Crude Oil Rises Above $88 a Barrel

on Signs Turkey May Attack Iraq

Crude oil rose above $88 a barrel for the first time in New York on concern Turkey may attack Kurdish militants in Iraq and disrupt oil shipments.. Turkish Prime Minister Recep Tayyip Erdogan said the country's parliament tomorrow may approve a military incursion into Iraq, which holds the world's third-largest reserves...
Read this troubling news at Bloomberg.com