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Thread: Oil rises above $90 amid US crude supply drop

  1. #1241
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    Re: Oil rises above $90 amid US crude supply drop

    The dollar dropped after economic indicators pointed to a dismal employment picture and slowing economic growth.

    First-time claims for unemployment benefits jumped 25,000 to 429,000, indicating employers might have slowed their hiring recently. Economists were expecting claims to fall to 395,000.

    At the same time, gross domestic product rose at a modest 1.8% pace in the first quarter, matching economists' forecasts. However, the pace of expansion is much weaker than it was at the end of 2010, when the economy was growing at 3.1% pace.

    The dollar has been hammered recently, losing out on interest-rate differentials and regularly hitting multiyear lows against other major currencies. Losses were especially bad Wednesday after Federal Reserve Chairman Ben Bernanke indicated the central bank is far from tightening monetary policy as economic growth remains slow and unemployment remains high.
    Dollar Loses More Ground - WSJ.com

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    Last edited by Catawba; 04-28-11 at 01:18 PM.
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    Re: Oil rises above $90 amid US crude supply drop

    vote obama, 2012!

    you were warned!

    LOL!

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    vote obama, 2012!

    you were warned!

    LOL!
    The time traveling Obama huh? He has the ability to travel back in time to have his birth announcement placed in two newspapers in 1961, and to travel back to 1981 to convince Reagan to scrap Carter's energy plan. Quite the claim you have there!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    vote obama, 2012---he'll bore you to death!

    LOL!

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    vote obama, 2012---he'll bore you to death!

    LOL!
    Time travel is boring to you????
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    The time traveling Obama huh? He has the ability to travel back in time to have his birth announcement placed in two newspapers in 1961, and to travel back to 1981 to convince Reagan to scrap Carter's energy plan. Quite the claim you have there!
    Obama is stopping drilling. I showed he has stopped shell, off the coast of Alaska. That means jobs lost thank you Obama

    More people applied for unemployment benefits - Yahoo! Finance

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    Re: Oil rises above $90 amid US crude supply drop

    [QUOTE=ptif219;1059445053]
    Obama is stopping drilling. I showed he has stopped shell, off the coast of Alaska. That means jobs lost thank you Obama
    Last year, American oil production reached its highest level since 2003
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    [QUOTE=Catawba;1059445180] Is that before his moratorium on drilling. This year he gives money to other countries to drill but stops US drilling

    Offshore Production to Drop 13% in 2011 Due to Obama Ban Patriot Update

    Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans - FoxNews.com

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    Last edited by Catawba; 04-29-11 at 01:56 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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