Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:05 PM

GasBuddy News Article

56
votes
Spain Debt Woes to Limit Further Oil Rallies

CNBC -- Lingering concern over the sustainability of high Spanish borrowing costs may limit further gains in the oil market despite heightened tensions in the Middle East, according to CNBC's weekly survey of oil market sentiment.

Brent and U.S. crude futures posted weekly gains of more than 4 percent, both contracts having touched eight-week peaks on Thursday, as fighting raged in the Syrian capital Damascus and just over half of Iran's parliament backed a draft law to block the Strait of Hormuz shipping lane.

"Europe will be back front and center this week with Spanish 10 year (yields) above 7 percent," said Kirk Howell, Chief Operating Officer of SunGard's Kiodex, who has a 'neutral' view this week. "There is definitely real risk of a conflict with Iran and that risk needs to be covered ...


Read the Full Article

Submitted Jul 23, 2012 By: brbaritone
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Spain Debt Woes to Limit Further Oil Rallies Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,657
Points:1,266,360
Joined:Sep 2011
Message Posted: Jul 24, 2012 12:26:40 PM

Thank you for posting.
Profile Pic
otherdave
Champion Author Indiana

Posts:6,320
Points:1,960,740
Joined:Oct 2008
Message Posted: Jul 24, 2012 6:03:02 AM

A real "Spain" in the butt!
Profile Pic
hogfan24
Champion Author Arkansas

Posts:4,912
Points:1,189,625
Joined:Dec 2011
Message Posted: Jul 24, 2012 4:14:16 AM

Ok
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,278
Points:1,963,950
Joined:Jul 2007
Message Posted: Jul 24, 2012 12:37:00 AM


Good. Thanks Spain.
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,193
Points:1,356,805
Joined:May 2006
Message Posted: Jul 24, 2012 12:11:15 AM

Oil use is WAY DOWN as the ECOMONY TANKS because of the REPUBLICANS refusing to allow anything to get done!!! Oil will be back aroung $65 a barrel, but gas will still be above $3!!
Profile Pic
LanguageMan1
Champion Author Tampa

Posts:16,354
Points:2,353,615
Joined:Apr 2008
Message Posted: Jul 24, 2012 12:10:28 AM

Yes, for now anyhow.
Profile Pic
Bud122CA
Champion Author California

Posts:9,857
Points:2,264,120
Joined:Jul 2008
Message Posted: Jul 23, 2012 11:17:26 PM

The risk will be covered with the US Navy
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,610
Points:1,354,775
Joined:Jan 2010
Message Posted: Jul 23, 2012 11:10:00 PM

I'll drink to that!
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,086,940
Joined:Mar 2006
Message Posted: Jul 23, 2012 11:05:26 PM

Okay
Profile Pic
SteelPenny
Champion Author Dallas

Posts:37,609
Points:3,295,565
Joined:Sep 2005
Message Posted: Jul 23, 2012 11:05:20 PM

Yup.
Profile Pic
gwill76
All-Star Author Orlando

Posts:939
Points:1,893,575
Joined:May 2008
Message Posted: Jul 23, 2012 11:03:07 PM

Their olympic team with the Gasol brothers will provide woe to the current USA dream team......
Profile Pic
jem069
Champion Author Detroit

Posts:4,530
Points:1,218,560
Joined:Jan 2011
Message Posted: Jul 23, 2012 11:02:47 PM

Ok
Profile Pic
drz614
Champion Author Harrisburg

Posts:5,227
Points:1,290,115
Joined:Aug 2011
Message Posted: Jul 23, 2012 11:00:40 PM

ok
Profile Pic
jimedB
Champion Author Riverside

Posts:3,215
Points:272,540
Joined:Jun 2012
Message Posted: Jul 23, 2012 10:56:24 PM

I know it's not April 1st but this story seems more like an April fools joke than the truth.
Profile Pic
Shakleelady31
All-Star Author Fort Wayne

Posts:660
Points:961,860
Joined:Jan 2012
Message Posted: Jul 23, 2012 10:54:55 PM

Yikes!
Profile Pic
silverfoxv65
Champion Author Michigan

Posts:7,421
Points:1,919,330
Joined:Sep 2009
Message Posted: Jul 23, 2012 10:54:14 PM

Its about time!
Profile Pic
Nicoalbum
Champion Author Ottawa

Posts:9,367
Points:1,878,650
Joined:Jan 2010
Message Posted: Jul 23, 2012 10:53:44 PM

Spain cannot control our gas prices
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Jul 23, 2012 10:53:14 PM

Spain seems to be in the news tonight.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Jul 23, 2012 10:49:49 PM

Gas prices are too high, but thank you Spain!
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:11,689
Points:2,532,405
Joined:Aug 2005
Message Posted: Jul 23, 2012 10:45:00 PM

We'll see.
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:5,105
Points:1,398,175
Joined:Jan 2011
Message Posted: Jul 23, 2012 10:42:57 PM

Lower oil costs will help these countries economies.
Profile Pic
Blue48
Champion Author Illinois

Posts:10,216
Points:2,329,320
Joined:Feb 2007
Message Posted: Jul 23, 2012 10:41:31 PM

NOT A SHOCKER!
Profile Pic
Buddy2264
Champion Author Tampa

Posts:14,617
Points:3,051,795
Joined:Oct 2005
Message Posted: Jul 23, 2012 10:41:28 PM

Oil goes down as the US dollar gains strength. Time will tell on oil prices.
Profile Pic
RBob
Champion Author Portland

Posts:4,913
Points:2,962,450
Joined:May 2004
Message Posted: Jul 23, 2012 10:41:23 PM


Lots of words but it is only speculation.

Profile Pic
drobbbb
Champion Author Maryland

Posts:6,124
Points:1,483,475
Joined:Dec 2010
Message Posted: Jul 23, 2012 10:40:07 PM

ok
Profile Pic
Prodaddy
Champion Author Houston

Posts:11,212
Points:2,576,120
Joined:May 2007
Message Posted: Jul 23, 2012 10:39:34 PM

How about a oil bust ???
Profile Pic
mstearno
Champion Author Dayton

Posts:9,635
Points:2,299,080
Joined:Jan 2008
Message Posted: Jul 23, 2012 10:38:33 PM

eventually it will be us
Profile Pic
Mikeyl
Champion Author Cleveland

Posts:8,949
Points:1,854,480
Joined:Aug 2004
Message Posted: Jul 23, 2012 10:34:49 PM

America's turn in the news is coming... sooner than we'd all like to think it will.
Profile Pic
bradley1969
Champion Author Wisconsin

Posts:4,040
Points:917,370
Joined:Mar 2012
Message Posted: Jul 23, 2012 10:33:00 PM

OK......
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,278
Points:1,963,950
Joined:Jul 2007
Message Posted: Jul 23, 2012 10:28:42 PM


Oils downside is very worrying for the speculators now.
Profile Pic
Goofoff
Champion Author Virginia

Posts:11,882
Points:2,177,200
Joined:Aug 2006
Message Posted: Jul 23, 2012 10:27:33 PM

Okay, next!
Profile Pic
Crumbfel
Champion Author Virginia

Posts:11,554
Points:2,161,635
Joined:Aug 2006
Message Posted: Jul 23, 2012 10:24:37 PM

Okay that one is read
Profile Pic
N5EXY
Champion Author Austin

Posts:8,409
Points:2,200,695
Joined:Jul 2004
Message Posted: Jul 23, 2012 10:22:46 PM

Spain, and all of Europe, was a nice place to visit but I would not want to live there. If Bozama has his way, we will be just like them. 106 days until the ejection. Vote like your future depends on it.
Profile Pic
DEG
Champion Author Las Vegas

Posts:20,398
Points:4,159,405
Joined:Jul 2003
Message Posted: Jul 23, 2012 10:21:35 PM

Oil is double what it should be.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,901
Points:2,047,985
Joined:Oct 2008
Message Posted: Jul 23, 2012 10:19:39 PM

If Iran tries to block the straights that will get their butts kicked just like the last time.
Profile Pic
dougerstew
Champion Author Oregon

Posts:1,106
Points:1,524,035
Joined:Dec 2005
Message Posted: Jul 23, 2012 10:18:09 PM

wow...
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,096
Points:2,525,810
Joined:Aug 2005
Message Posted: Jul 23, 2012 10:18:01 PM

Soon it wll be our turn
Profile Pic
Yankee829
Champion Author Dallas

Posts:5,122
Points:1,249,495
Joined:Sep 2010
Message Posted: Jul 23, 2012 10:17:37 PM

Ok
Profile Pic
Runninmt61
Rookie Author Champaign

Posts:92
Points:47,300
Joined:Jun 2012
Message Posted: Jul 23, 2012 10:14:37 PM

Here we go
Profile Pic
radiorumor
Champion Author Texas

Posts:5,560
Points:1,436,175
Joined:Feb 2011
Message Posted: Jul 23, 2012 10:12:51 PM

Show me $2.00 gasoline!
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,858
Points:1,498,465
Joined:Sep 2009
Message Posted: Jul 23, 2012 10:12:08 PM

if we don't control the oil giants and speculators then be ready for the ride
Profile Pic
justmedc
Veteran Author Michigan

Posts:382
Points:252,420
Joined:Mar 2012
Message Posted: Jul 23, 2012 10:11:09 PM

yippee
Profile Pic
nightworker998
Champion Author Maryland

Posts:2,770
Points:989,665
Joined:Mar 2009
Message Posted: Jul 23, 2012 10:10:45 PM

It's nice toknow the depression is worldwide.
Profile Pic
serrog
Champion Author Nova Scotia

Posts:8,460
Points:2,202,715
Joined:Oct 2008
Message Posted: Jul 23, 2012 10:08:08 PM

tough times
Profile Pic
unicornIL
All-Star Author Chicago

Posts:561
Points:701,860
Joined:Jan 2012
Message Posted: Jul 23, 2012 10:05:14 PM

Really, those top management people needs millions of dollars to drive all of their cars and fly all of their planes all over!!
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,467
Points:3,136,760
Joined:Nov 2005
Message Posted: Jul 23, 2012 10:04:08 PM

waiting for the next political ad: I am Barack O'Bummer and I approved this tax.
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,367
Points:1,220,730
Joined:Oct 2008
Message Posted: Jul 23, 2012 10:03:52 PM

hmm
Profile Pic
Ray_10589
Champion Author New York

Posts:7,663
Points:1,853,765
Joined:May 2009
Message Posted: Jul 23, 2012 10:02:48 PM

oil still too high ... greed,........
Profile Pic
knot2swift
Champion Author Calgary

Posts:6,042
Points:1,055,365
Joined:Nov 2009
Message Posted: Jul 23, 2012 10:01:31 PM

The global meltdown that started in the US in late 2007 continues.

Keep enjoying lower gas prices folks while trying not to worry about your jobs too much.

This will go on for another 5 years as European countries continue to go bust.After that? Who knows!
Profile Pic
jlisk1970_us
Champion Author St. Louis

Posts:1,163
Points:308,765
Joined:Feb 2012
Message Posted: Jul 23, 2012 10:01:17 PM

Put pressure on
Profile Pic
96sc1
Champion Author El Paso

Posts:8,518
Points:1,367,835
Joined:Mar 2008
Message Posted: Jul 23, 2012 9:58:00 PM

If only their were a way to disentangle our economies.
Post a reply Back to Topics