Damned-Virus-Data Miner providers
2008-10-11 06:25:53 UTC
Hello to all,
Due to the fact that the oil price has dropped to a low price of
USD96.37 (prove from the news below) and have discussed with the
international oil company to bring in less expensive oil to make
certain businesss to operate at lower cost so as let the company
maintain their business. The international oil company has been
contacted based on asking around who and what company is this and
negotiation has been made to sell oil at a good price of USD45 per
barrel should we make a purchase of the whole lots of barrels from
this international oil company. Big Sum of money from economic
announcement has been used to make a big purchase of these oil of up
to 30,000 barrels at the price of USD45 per barrel where these stocks
are kept at certain international location that are quite well known
to potential buyers. I hereby look forward to your business with us
and hope that such offers could reduce the production cost etc which
would lead to prolonged business in a long run of time.
Written by:
Dr, MR Franc MBBS (PhD) GPS Ang Poon Kah
***@email.com
mode 2 first generation government people of Singapore
Assistant FED Cheif (internationale)
Oil prices plunge 10 pct after House defeats bailout
AFP - Tuesday, September 30
NEW YORK (AFP) - - Crude oil plunged 10 percent Monday after the US
House of Representatives narrowly rejected a 700-billion-dollar
government bailout of the financial sector, throwing markets into a
tailspin.
Investors panicked as the countdown on the House vote signaled the
lawmakers would torpedo the plan that President George W. Bush's
administration argued was crucial to avert a wider economic collapse.
New York's main contract, light sweet crude for November delivery,
tumbled 10.52 dollars, or 9.8 percent, to close at 96.37 dollars a
barrel. Earlier it had fallen as low as 11.85 dollars.
In London, Brent North Sea crude for November dropped 9.56 dollars to
settle at 93.98 dollars a barrel. Its intraday low was 92.64 dollars.
New York oil prices accelerated their decline in late trade, as the
market digested the ramifications of the House's rejection of the
emergency Wall Street bailout.
The House of Representatives voted 228-205 to reject the emergency
legislation.
A "disappointed" Bush has summoned top aides to plan the next steps,
the White House said.
The oil market selloff was driven by worries that further economic
turmoil in the world's largest economy could significantly dampen
global oil demand.
Augustine Faucher at Economy.com said, "The US is looking at a severe
recession if Congress fails to pass some sort of package."
"Oil prices should remain under downward pressure," said James
Williams, analyst at WTRG Economics.
"Oil traded for the last five years on fear of supply interruptions.
It is now trading on fear of economic collapse," Williams said.
John Kilduff at MF Global agreed. "Expectations for demand are ... in
doubt with the expected future economic contraction," he said.
Sucden analyst Nimit Khamar said that oil prices slumped "amid
heightened concerns over demand destruction."
According to oil industry experts, demand destruction occurs when
high
oil prices gradually erode global energy demand over the long term --
and result in lower price levels.
Crude prices have dropped sharply from record high levels above 147
dollars in July as demand for energy shrank due to a US-led world
economic slowdown.
Sucden's Khamar said that "nervousness over the future of financial
markets beyond the US was heightened following the nationalization of
British mortgage lender Bradford & Bingley and Belgian-Dutch group
Fortis."
"This, combined with the deteriorating outlook for European
economies,
has further fueled concerns over the energy demand outlook," Khamar
said.
Due to the fact that the oil price has dropped to a low price of
USD96.37 (prove from the news below) and have discussed with the
international oil company to bring in less expensive oil to make
certain businesss to operate at lower cost so as let the company
maintain their business. The international oil company has been
contacted based on asking around who and what company is this and
negotiation has been made to sell oil at a good price of USD45 per
barrel should we make a purchase of the whole lots of barrels from
this international oil company. Big Sum of money from economic
announcement has been used to make a big purchase of these oil of up
to 30,000 barrels at the price of USD45 per barrel where these stocks
are kept at certain international location that are quite well known
to potential buyers. I hereby look forward to your business with us
and hope that such offers could reduce the production cost etc which
would lead to prolonged business in a long run of time.
Written by:
Dr, MR Franc MBBS (PhD) GPS Ang Poon Kah
***@email.com
mode 2 first generation government people of Singapore
Assistant FED Cheif (internationale)
Oil prices plunge 10 pct after House defeats bailout
AFP - Tuesday, September 30
NEW YORK (AFP) - - Crude oil plunged 10 percent Monday after the US
House of Representatives narrowly rejected a 700-billion-dollar
government bailout of the financial sector, throwing markets into a
tailspin.
Investors panicked as the countdown on the House vote signaled the
lawmakers would torpedo the plan that President George W. Bush's
administration argued was crucial to avert a wider economic collapse.
New York's main contract, light sweet crude for November delivery,
tumbled 10.52 dollars, or 9.8 percent, to close at 96.37 dollars a
barrel. Earlier it had fallen as low as 11.85 dollars.
In London, Brent North Sea crude for November dropped 9.56 dollars to
settle at 93.98 dollars a barrel. Its intraday low was 92.64 dollars.
New York oil prices accelerated their decline in late trade, as the
market digested the ramifications of the House's rejection of the
emergency Wall Street bailout.
The House of Representatives voted 228-205 to reject the emergency
legislation.
A "disappointed" Bush has summoned top aides to plan the next steps,
the White House said.
The oil market selloff was driven by worries that further economic
turmoil in the world's largest economy could significantly dampen
global oil demand.
Augustine Faucher at Economy.com said, "The US is looking at a severe
recession if Congress fails to pass some sort of package."
"Oil prices should remain under downward pressure," said James
Williams, analyst at WTRG Economics.
"Oil traded for the last five years on fear of supply interruptions.
It is now trading on fear of economic collapse," Williams said.
John Kilduff at MF Global agreed. "Expectations for demand are ... in
doubt with the expected future economic contraction," he said.
Sucden analyst Nimit Khamar said that oil prices slumped "amid
heightened concerns over demand destruction."
According to oil industry experts, demand destruction occurs when
high
oil prices gradually erode global energy demand over the long term --
and result in lower price levels.
Crude prices have dropped sharply from record high levels above 147
dollars in July as demand for energy shrank due to a US-led world
economic slowdown.
Sucden's Khamar said that "nervousness over the future of financial
markets beyond the US was heightened following the nationalization of
British mortgage lender Bradford & Bingley and Belgian-Dutch group
Fortis."
"This, combined with the deteriorating outlook for European
economies,
has further fueled concerns over the energy demand outlook," Khamar
said.