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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (168119)	8/7/2011 11:33:22 AM
From: Wharf Rat	Respond to of 543974

Undertow on August 7, 2011 - 9:06am Israeli stock market now down 7.3%. Oil & Gas stocks down 9.5%. US Futures Markets open in 8 hours time. "this downturn?" today? World reacting to Teappers' Downgrade. "Oil prices are down 40% since the high" Are they, or is WTI the outlier? Undertow on August 5, 2011 - 6:12pm Here are today's Bloomberg listed closing prices for the world spot markets as previously listed at upstreamonline Brent $109.43 Tapis $117.00 Alaska $106.88 Dubai $102.73 Louisiana $110.63 Urals $107.99 WTI $ 86.88 Oman $103.15 Minas $117.45 Forties $109.46 Bonny $118.85 Crude Oil Estimated Contract Prices Most Recent .........................Year Ago .....................07/29/11............ 07/30/10 Total OPEC 115.23 ..............74.97 Total Non-OPEC 113.65...... 74.32 Total World 114.59 ..............74.69 United States 107.96 ...........73.15 theoildrum.com I think the world hit another oil (and food) wall in May/June. Everybody has started slowing down, including China. Russia and China had gas shortages back then. Our consumption fell 1.25 M BPD the last week in April. By a strange coincidence, unemployment went up in May and June. Message 27442348 gas