My cost basis is at .0247, so I have a little further to go... but this is great! I might actually break even today! What's the next major resistance now after .24?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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Oil prices were up today with that info all we need is a good oil related pr
Oil Prices Climb on Speculative Buying Tuesday January 3, 3:41 pm ET Oil Prices Jump by More Than $2 Per Barrel on Speculative Buying to Settle at $63
WASHINGTON (AP) -- Oil futures jumped by more than $2 a barrel Tuesday to settle at their highest level since mid-October. Traders said speculative buying was the main force behind the rally. Other bullish factors in the mix included cold rain and snow in the U.S. Northeast, a natural gas dispute between Russia and Ukraine that unnerved Europe, and a declaration from a top Iranian official that Tehran will resume research into nuclear fuel production, a comment that raised concerns about the country's nuclear weapons ambitions.
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"There's a tremendous amount of speculative money going into energy futures," said James Cordier, president of Liberty Trading Group in Tampa, Fla.
Cordier said hedge funds and other investors looking for better returns than U.S. stock markets have delivered in the past year are piling into energy futures, creating unusually high demand for crude oil, gasoline and heating oil contracts.
Oil futures finished 40 percent higher than they started in 2005, reaching a peak of $70.85 per barrel on Aug. 30 after Hurricane Katrina damaged Gulf of Mexico production platforms.
Many analysts believe the average price of oil will be below $60 in 2006, but not by much as U.S. and Chinese economic growth continues and OPEC members eye a production cut.
Light sweet crude oil for February delivery rose $2.10, or 3 percent, to settle at $63.14 a barrel on the New York Mercantile Exchange. It was the highest close since Oct. 18, when front-month crude futures settled at $63.20.
February heating oil futures gained 2.66 cents to settle at $1.7964 a gallon, while February gasoline was up 2.31 cents at $1.7505 a gallon.
Oil analyst Tim Evans of IFR Energy Services said in a research note that some of Tuesday's buying may have been tied to expectations that the Energy Department's next weekly petroleum supply report will show a sharp decline in crude oil inventories.
"Current chilly temperatures in the Northeast U.S. also helped boost prices, although these are not expected to last," Evans wrote.
Nymex-traded energy futures have seesawed in recent weeks depending on the weather, with cold fronts prompting higher prices on expectations of extra demand for home-heating fuels.
A half-foot of snow or more fell in parts of New York, Connecticut and Massachusetts on Tuesday, but a warm front moved through the Midwest, the largest natural gas-consuming market in the U.S.
As a result, February natural gas futures fell 59.9 cents to $10.626 per 1,000 cubic feet, continuing a recent downtrend after a brief December spike above $15.
Analysts said Russian state-controlled natural gas monopoly OAO Gazprom's efforts to restore gas flows through Ukraine -- following Sunday's cutoff -- helped ease upward pressure on natural-gas prices.
Of course, broader concerns about Russia's reliability as an energy supplier may have fed the rise in petroleum prices.
Gazprom halted deliveries to Ukraine on Sunday because Kiev had refused to meet its demands for a fourfold price increase. About one-quarter of Europe's gas comes from Russia, and the standoff raised fears of serious gas shortages as Europe suffers through a particularly cold winter.
On Tuesday, European buyers of Gazprom's natural gas said they had started receiving full supplies after the Russian monopoly increased shipments through Ukraine.
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Look at this the Army Corps. of Engineers has 5 month of time before the next hurricane season to fix 170 miles of levees. And who has the closest sand and gravel pit with the trucks to deliver.
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Looks like this is going to be the last shot at bargin basement prices before the lock the doors. Some good pr's which I don't think will be far off and its up up and away.
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I'd say bond. It's been a while...... Sure they have been making huge progress in all divisions and will have a nice juicy steak for all of us soon!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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if we close up today we will get good reports tommorow and that will attract more eyes upon us. And that is what we need some new investor's to come in
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A slow and stesdy rise. Just chewing it way up and waiting for a reason to blast off come on pbls give a pr that will knock our socks off.
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another good post by a person on the job at New Orleans
Posted by: feferrel In reply to: None Date:1/4/2006 1:17:15 PM Post #of 8780
I work for the Corps as a park ranger, but this email came out nation wide, thought some you would find the numbers interesting
WEEKLY FOCUS: Task Force Guardian Task Force Guardian has been assigned the mission to repair and restore the New Orleans area hurricane protection system to its authorized level of protection by June 2006, the beginning of next year’s hurricane season.
Task Force Guardian is made up of more than 130 engineers, scientists and support personnel. With a very few exceptions, these team members are New Orleans District personnel who were themselves displaced by the hurricane. They are working seven days a week to repair the levees, floodwalls, pump stations, and other structures that comprise the hurricane protection system in southeast Louisiana. They are dedicated to their mission and determined to succeed. Here are some facts about the task force: Guardian personnel are assessing approximately 300 miles of hurricane protection, including 169 miles of damaged levees, floodwalls, and structures, as well as 34 pump stations. It will take an estimated 3.1 million cubic yards of fill material just to repair the levee systems. This is being accomplished through emergency contract procurement, maximal use of small businesses and local contractors, close coordination with stakeholders, concurrent construction, and designated project managers for each of the five reconstruction areas in New Orleans and the surrounding parishes. To date, 37 contracts have been awarded with an estimated value of $317 million. More than 91 percent of awarded contracts have gone to Louisiana businesses, helping boost an economy devastated by the hurricane. Contractors, under the supervision of New Orleans District personnel, have begun repairs to levees and floodwalls on most of the 50+ projects in the area. Levee systems have been brought up to an interim level of 10 feet throughout the hurricane protection system to protect New Orleans and surrounding parishes during the rainy season, which began 1 December.
Other progress includes: A 455-foot breach occurred at the 17th Street Canal on the Orleans East Bank during Katrina and an emergency berm was constructed to close the breach. A temporary sheet pile wall has now been constructed in the canal to prevent seepage into the surrounding neighborhood while permanent repairs are made at the site. The sheet pile is 65 feet long and has been driven to an elevation of 51 feet below mean sea level and 14 feet above. In addition, 18,000 tons of rip rap have been placed in the canal to prevent scour and to support the floodwalls on either side of the canal. A total of 34,000 tons will be required to complete the project. At the Industrial Canal in the Lower 9th Ward, contractors have demolished approximately 480 linear feet of an estimated 2,700 linear feet of I-wall and have begun cutting and removing sections of the failed sheet pilings near the northern breach area. Last month, Guardian personnel pulled several sheet piles at the 17th Street Canal breach and found that they all met design specifications. At the Industrial Canal in the Benefit Street area, approximately 450 feet out of 1,328 feet of I-wall has been demolished. In Plaquemines Parish, crews from the New Orleans and Memphis Districts have completed levee repairs on a 10-mile stretch of levee from Fort Jackson to Venice.
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i put in an order at .026 5-10 minutes ago and it hasn't filled yet. Seems like it's frozen right now. Volume not changing, and not allowing orders to go through.
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