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'Storm Clouds' Darken Global Energy Skies

OIL Price -- The U.S. Energy Department, in its short-term energy outlook for the month, predicts some economic recovery in store given optimism surrounding international stimulus efforts. Overseas, however, geopolitical uncertainty could depress some markets, leading to lingering volatility in the energy sector. More drilling in the United States, meanwhile, is expected to contribute to overall growth there. On the consumption side, countries outside the OECD are expected to account for "essentially all" of the growth.

The Energy Department's Energy Information Administration notes, in its monthly report, that Brent crude oil prices rallied to more than $100 per barrel in recent trading, after slumping to the $90 mark early this summer. The EIA said it attributed the increase in crude oil prices to e

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Submitted Aug 12, 2012 By: mastermariner

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Gnusman53 Champion Author San Diego Posts:6,984 Points:1,107,465 Joined:Feb 2004	Message Posted: Aug 14, 2012 8:23:29 PM Ignore Gnusman53 Report Abuse Doesn't Ryan look like a Feregi with a bad hairpiece???? (grin) So the GOP has a Cyborg-Ferengi ticket???? (bigger grin)
Gnusman53 Champion Author San Diego Posts:6,984 Points:1,107,465 Joined:Feb 2004	Message Posted: Aug 14, 2012 8:12:25 PM Ignore Gnusman53 Report Abuse Obama has had a better energy plan than anything the GOP has even hinted at for more than 20 years..... More oil drilled under Obama than under the GOP....... [Edited by: Gnusman53 at 8/14/2012 8:21:24 PM EST]
Gnusman53 Champion Author San Diego Posts:6,984 Points:1,107,465 Joined:Feb 2004	Message Posted: Aug 14, 2012 8:11:06 PM Ignore Gnusman53 Report Abuse Truth is..... Americans are being held hostage to profiteers determined to hike the gas prices as high as possible...... Sadly it seems they have paid off an entire party...... and the other party has been hobbled ...... while Americans are ripped off...
jrs4125 Champion Author Indiana Posts:2,738 Points:587,745 Joined:Sep 2011	Message Posted: Aug 13, 2012 7:48:30 AM Ignore jrs4125 Report Abuse Again....... whats new?
PDQBlues Champion Author San Diego Posts:7,054 Points:1,444,325 Joined:Jan 2009	Message Posted: Aug 12, 2012 9:47:50 PM Ignore PDQBlues Report Abuse So what ever happened to the Ferengi "Rules of Acquisition": 34. War is good for business. 35. Peace is good for business.
SkooterG Champion Author Phoenix Posts:1,359 Points:326,935 Joined:May 2012	Message Posted: Aug 12, 2012 4:01:27 PM Ignore SkooterG Report Abuse Never any good news.
dave27johnson Champion Author Chicago Posts:1,784 Points:404,915 Joined:Feb 2012	Message Posted: Aug 12, 2012 1:20:09 PM Ignore dave27johnson Report Abuse Europe needs to solve its problems. Deficit reduction has been a disaster for them.
evowner Champion Author Salem Posts:2,157 Points:354,355 Joined:May 2012	Message Posted: Aug 12, 2012 12:53:10 PM Ignore evowner Report Abuse Under the present administration oil imports has dropped and domestic production has increased. What dark clouds? Price of oil is up because of our in-house oil cartel.
RONALD777 Champion Author Houston Posts:2,417 Points:359,730 Joined:Nov 2007	Message Posted: Aug 12, 2012 11:17:34 AM Ignore RONALD777 Report Abuse We are still in a global recession.
bwatchingu Champion Author Arkansas Posts:1,725 Points:597,620 Joined:Jan 2009	Message Posted: Aug 12, 2012 9:38:00 AM Ignore bwatchingu Report Abuse blah blah blah blah
Lugi1967 Champion Author Ohio Posts:4,768 Points:998,245 Joined:Jun 2010	Message Posted: Aug 12, 2012 9:36:57 AM Ignore Lugi1967 Report Abuse Hope not
memo81 Champion Author St. Louis Posts:2,328 Points:440,500 Joined:Feb 2012	Message Posted: Aug 12, 2012 9:31:36 AM Ignore memo81 Report Abuse Here we go again!
cdrrod Champion Author Wisconsin Posts:4,134 Points:779,775 Joined:Feb 2006	Message Posted: Aug 12, 2012 9:08:03 AM Ignore cdrrod Report Abuse Gee, I think these storm clouds have been around for quite awhile...
scu227 Champion Author New Haven Posts:4,130 Points:767,880 Joined:Feb 2011	Message Posted: Aug 12, 2012 8:51:43 AM Ignore scu227 Report Abuse see IEA statement saying demand is weakening. Speculators must be attempting to drive up prices more.
Xavier80 Champion Author Victoria Posts:1,758 Points:375,190 Joined:Apr 2012	Message Posted: Aug 12, 2012 8:41:27 AM Ignore Xavier80 Report Abuse ok
pscamp Champion Author Ottawa Posts:3,251 Points:471,885 Joined:May 2011	Message Posted: Aug 12, 2012 8:39:31 AM Ignore pscamp Report Abuse Sigh...
sabre75 Champion Author Florida Posts:1,663 Points:340,295 Joined:May 2012	Message Posted: Aug 12, 2012 8:30:00 AM Ignore sabre75 Report Abuse What does this really mean?
isis1812 Veteran Author West Virginia Posts:367 Points:190,515 Joined:Mar 2012	Message Posted: Aug 12, 2012 8:13:52 AM Ignore isis1812 Report Abuse Ok
tgusa Champion Author Virginia Beach Posts:2,476 Points:439,875 Joined:Jun 2006	Message Posted: Aug 12, 2012 8:13:19 AM Ignore tgusa Report Abuse Meh
Evilmaddog Champion Author British Columbia Posts:3,302 Points:953,550 Joined:Aug 2010	Message Posted: Aug 12, 2012 8:02:57 AM Ignore Evilmaddog Report Abuse Even the U.S. Energy Department is giving speculators more ammo
1momsunshine Champion Author Ottawa Posts:5,475 Points:997,555 Joined:Mar 2010	Message Posted: Aug 12, 2012 7:45:48 AM Ignore 1momsunshine Report Abuse is it a govt thing
wrunner Champion Author Virginia Posts:4,425 Points:1,132,585 Joined:Dec 2009	Message Posted: Aug 12, 2012 7:27:16 AM Ignore wrunner Report Abuse Prepare for the worst but expect the unexpected.
werich44 Champion Author California Posts:1,837 Points:464,205 Joined:Jun 2011	Message Posted: Aug 12, 2012 7:22:04 AM Ignore werich44 Report Abuse The energy department is just one more government agency that has absolutely no idea of what it is talking about. They pull numbers out of a hat.
yardslave Champion Author Oklahoma City Posts:2,539 Points:593,005 Joined:Dec 2005	Message Posted: Aug 12, 2012 7:14:48 AM Ignore yardslave Report Abuse Ok
07skydriver Champion Author Ohio Posts:3,243 Points:979,165 Joined:Feb 2009	Message Posted: Aug 12, 2012 6:53:34 AM Ignore 07skydriver Report Abuse Are 'ya askeered yet?
ReddevilNO Champion Author New Orleans Posts:3,350 Points:577,690 Joined:Aug 2011	Message Posted: Aug 12, 2012 6:39:41 AM Ignore ReddevilNO Report Abuse What is happening here with the votes?
molebaby96 Champion Author Tallahassee Posts:2,118 Points:501,805 Joined:Nov 2011	Message Posted: Aug 12, 2012 4:20:16 AM Ignore molebaby96 Report Abuse Stop Energy subsidies.
NedW Champion Author Indianapolis Posts:5,594 Points:1,138,245 Joined:Mar 2008	Message Posted: Aug 12, 2012 4:06:42 AM Ignore NedW Report Abuse Dang! I had to read 3 paragraphs before finding out what "OECD" was. America needs to get back to being a producing nation again and stop allowing itself to be robbed for the sake of the "Marxist in Chief's" goal of sharing the wealth within nations and between nations.
JohnofGB Champion Author Flint Posts:5,401 Points:1,092,195 Joined:Feb 2010	Message Posted: Aug 12, 2012 3:44:00 AM Ignore JohnofGB Report Abuse In other words, hang onto your wallet.
Gnusman53 Champion Author San Diego Posts:6,984 Points:1,107,465 Joined:Feb 2004	Message Posted: Aug 12, 2012 3:43:50 AM Ignore Gnusman53 Report Abuse Sorry humblepie... the only load is yours...... and a whatta load of hooey it is...
flatrock14 Champion Author Michigan Posts:2,627 Points:772,695 Joined:Oct 2010	Message Posted: Aug 12, 2012 2:58:28 AM Ignore flatrock14 Report Abuse is it a govt thing
dh0770 Champion Author Colorado Posts:6,978 Points:671,485 Joined:Jun 2011	Message Posted: Aug 12, 2012 2:55:01 AM Ignore dh0770 Report Abuse Political and speculator collusion!
humblepie Champion Author Toledo Posts:34,061 Points:2,367,370 Joined:Mar 2006	Message Posted: Aug 12, 2012 2:53:54 AM Ignore humblepie Report Abuse just another load of obamanomics
bisonjim Champion Author Florida Posts:1,035 Points:202,250 Joined:May 2012	Message Posted: Aug 12, 2012 2:28:06 AM Ignore bisonjim Report Abuse Thank you, speculators
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Aug 12, 2012 2:26:52 AM Ignore MidNJ Report Abuse Excuse me the voting for this article is now at 17 WOW!!! Seems that the magic votes just keep on appearing!
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Aug 12, 2012 2:21:01 AM Ignore MidNJ Report Abuse Err, now 15!
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Aug 12, 2012 2:16:16 AM Ignore MidNJ Report Abuse Interesting, 4 minutes ago and 14 votes? Hmmm