- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Iraqi Militants seize refinery - oil markets up
Posted on 6/18/14 at 8:23 am
Posted on 6/18/14 at 8:23 am
Here we go....
"The refinery, located in the northern city of Baiji, is the biggest producer of refined fuel for Iraq’s domestic markets. The attack doesn’t affect production or exports from the country’s main oil fields and facilities in the south. The attack, however, underlined concerns over the situation in the country."
“The refinery, which supplies Baghdad with gasoline and diesel, shows that the situation in Iraq is not getting better,” said Phil Flynn, senior market analyst at Price Futures Group. “Oil companies are pulling out nonessential personnel even in the south of the country ... Oil companies are trying to export while the exporting is good yet the possibility of an oil shock is rising [if] the south of Iraq starts to fall.”
Going forward, I think Obama supporters should pay higher prices at the pump in order to subsidize lower gas prices for Republicans. Works for me.
LINK
"The refinery, located in the northern city of Baiji, is the biggest producer of refined fuel for Iraq’s domestic markets. The attack doesn’t affect production or exports from the country’s main oil fields and facilities in the south. The attack, however, underlined concerns over the situation in the country."
“The refinery, which supplies Baghdad with gasoline and diesel, shows that the situation in Iraq is not getting better,” said Phil Flynn, senior market analyst at Price Futures Group. “Oil companies are pulling out nonessential personnel even in the south of the country ... Oil companies are trying to export while the exporting is good yet the possibility of an oil shock is rising [if] the south of Iraq starts to fall.”
Going forward, I think Obama supporters should pay higher prices at the pump in order to subsidize lower gas prices for Republicans. Works for me.
LINK
This post was edited on 6/18/14 at 8:34 am
7
Posted on 6/18/14 at 8:24 am to tigerpawl
Is this a Kurdish city?
Posted on 6/18/14 at 8:28 am to GeauxxxTigers23
quote:
Is this a Kurdish city?
No, it appears to be a Sunni one, but it's not far from the Kurdish region. It appears ISIS is on the verge of cutting off all of Baghdad's gasoline, refined oil, water, and power. The city could officially be under siege within days.
Posted on 6/18/14 at 8:52 am to kingbob
The greed barons will just use this as another excuse to jack up prices.....again.
Posted on 6/18/14 at 9:05 am to tigerpawl
reminds me of blood diamonds were civil wars are fought over mines instead of cities
Posted on 6/18/14 at 9:47 am to Iona Fan Man
quote:or Entitlement Programs.
reminds me of blood diamonds were civil wars are fought over mines instead of cities
Posted on 6/18/14 at 9:48 am to tigerpawl
quote:
“The refinery, which supplies Baghdad with gasoline and diesel, shows that the situation in Iraq is not getting better,” said Phil Flynn, senior market analyst at Price Futures Group. “
Understatement of the year?
Posted on 6/18/14 at 10:02 am to tigerpawl
So why does a refinery being seized in Iraq affect the oil market?
Posted on 6/18/14 at 10:30 am to upgrayedd
Increase in precautionary demand drives prices up
Posted on 6/18/14 at 10:35 am to funnystuff
quote:
Increase in precautionary demand drives prices up
This is a refining facility, not a production facility.
Posted on 6/18/14 at 10:39 am to tigerpawl
quote:I realize you posted this hours ago but right now crude oil is down and wholesale gasoline futures are up about a half cent.
oil markets up
Posted on 6/18/14 at 11:51 am to LSURussian
Oh boy an excuse to raise prices
Posted on 6/18/14 at 11:54 am to tigerpawl
Posted on 6/18/14 at 11:55 am to tigerpawl
quote:That's simply not possible.
Iraqi Militants seize refinery - oil markets up
I was specifically told by a highly-informed person on this very board that smokescreens to cover "what's really going on" don't exist.
Posted on 6/18/14 at 12:01 pm to TX Tiger
quote:
I was specifically told by a highly-informed person on this very board that smokescreens to cover "what's really going on" don't exist.
so you're saying this IS a smokescreen to cover up whats really going on?
Posted on 6/18/14 at 12:04 pm to Choctaw
quote:
so you're saying this IS a smokescreen to cover up whats really going on?
It ALL is, silly, it ALL is.
Posted on 6/18/14 at 12:04 pm to UncleFestersLegs
quote:
ISIS Fails To Seize Iraq’s Largest Oil Refinery
So if Iraq drives out ISIS and the country becomes a stable partner in the region, does that mean we did a good job in Iraq?
Posted on 6/18/14 at 12:07 pm to Y.A. Tittle
quote:When you play monopoly, is every move made in that game a part of that game?
so you're saying this IS a smokescreen to cover up whats really going on?
It ALL is, silly, it ALL is.
Posted on 6/18/14 at 12:10 pm to TX Tiger
quote:
When you play monopoly, is every move made in that game a part of that game?
i love how all of your posts aren't vague and ambiguous at all
FYI...the price of crude is up about 0.50 cents. WTI is actually down
This post was edited on 6/18/14 at 12:13 pm
Posted on 6/18/14 at 12:11 pm to Choctaw
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News