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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (156577)	9/7/2011 11:43:57 AM
From: Keith J	Respond to of 206148

ATPG and SGY probably wouldn't be up the way they are if GOM hurricane risk was the reason for the rise in oil price today. KJ

To: Salt'n'Peppa who wrote (156577)	9/7/2011 11:46:20 AM
From: Kayaker	Respond to of 206148

Perhaps not surging, but.... [Edit: WTI is up from a low of 83 earlier this week to current 89+] ....A large part the Gulf of Mexico's oil and gas production remained off line Tuesday as companies continued sending workers back to the platforms that were evacuated last week ahead of Tropical Storm Lee. The U.S. government said that about 61% of oil production and 42% of natural-gas production in the U.S. Gulf of Mexico was shut down as of 12:30 p.m. EDT Tuesday due to Lee, which made landfall Sunday in southern Louisiana.... online.wsj.com ....West Texas Intermediate crude climbed as much as 1.6 percent today in electronic trading on the New York Mercantile Exchange ahead of an Energy Department report tomorrow that may show inventories declined last week. Stockpiles fell 2.25 million barrels after Tropical Storm Lee shut production in the Gulf of Mexico, a Bloomberg News survey of analysts showed.... ....The low-pressure system over the southwestern Gulf off the Yucatan Peninsula is showing “signs of organization” and may become a tropical depression in the next day, according to an NHC outlook....That system would have the greatest near-term threat to oil and gas interests in the Gulf.... bloomberg.com