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2004-10-06 Home Front: Economy

Crude Oil Trades Near a Record on Winter Fuel Supply Concern

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Posted by Mark Espinola 2004-10-06 1:42:38 AM|| || Front Page|| [4 views since 2007-05-07] Top

#1 "Matt Rogers, manager of energy weather services at Earth Satellite Corp., a Rockville, Maryland-based consultant, said heâs expecting 1.5 percent more ``heating degree daysââ this winter compared with the 30-year average."
I love it. My weather web sites can't even reliably predict two days ahead, and this guy is so good he's predicting a full season to within 0.1 percent. I guess he's barred from Vegas, Atlantic City, and the Maryland lottery. Wouldn't be fair.

Posted by Tom 2004-10-06 8:44:23 AM|| 2004-10-06 8:44:23 AM|| Front Page Top

#2 Crude oil futures traded near a record after rising above $51 a barrel yesterday on concern Gulf of Mexico producers wonât fix hurricane damage fast enough to meet winter demand.

Just more proof that people are needlessly bidding up oil prices on fear, or "concerns" of one sort or another that may or may not be valid.

Idiots.

Posted by Bomb-a-rama 2004-10-06 11:38:43 PM|| 2004-10-06 11:38:43 PM|| Front Page Top

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