Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:08 AM

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 Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
sparky808
Champion Author Honolulu

Posts:3,003
Points:598,710
Joined:Sep 2011
Message Posted: Jul 24, 2012 10:26:40 AM
 Ignore sparky808 Report Abuse

Thank you for posting.
Profile Pic
otherdave
Champion Author Indiana

Posts:3,393
Points:1,269,160
Joined:Oct 2008
Message Posted: Jul 24, 2012 4:03:02 AM
 Ignore otherdave Report Abuse

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

Posts:1,986
Points:503,200
Joined:Dec 2011
Message Posted: Jul 24, 2012 2:14:16 AM
 Ignore hogfan24 Report Abuse

Ok
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:5,451
Points:1,296,825
Joined:Jul 2007
Message Posted: Jul 23, 2012 10:37:00 PM
 Ignore UseLessGasFolks Report Abuse


Good. Thanks Spain.
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,080
Points:1,323,260
Joined:May 2006
Message Posted: Jul 23, 2012 10:11:15 PM
 Ignore defiancegasman Report Abuse

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:11,723
Points:1,661,790
Joined:Apr 2008
Message Posted: Jul 23, 2012 10:10:28 PM
 Ignore LanguageMan1 Report Abuse

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

Posts:7,471
Points:1,606,075
Joined:Jul 2008
Message Posted: Jul 23, 2012 9:17:26 PM
 Ignore Bud122CA Report Abuse

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

Posts:2,473
Points:663,175
Joined:Jan 2010
Message Posted: Jul 23, 2012 9:10:00 PM
 Ignore rahcat Report Abuse

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

Posts:2,214
Points:556,980
Joined:Mar 2006
Message Posted: Jul 23, 2012 9:05:26 PM
 Ignore Dodge_Me Report Abuse

Okay
Profile Pic
SteelPenny
Champion Author Dallas

Posts:30,969
Points:2,607,715
Joined:Sep 2005
Message Posted: Jul 23, 2012 9:05:20 PM
 Ignore SteelPenny Report Abuse

Yup.
Profile Pic
gwill76
Sophomore Author Orlando

Posts:169
Points:1,356,540
Joined:May 2008
Message Posted: Jul 23, 2012 9:03:07 PM
 Ignore gwill76 Report Abuse

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

Posts:2,543
Points:688,055
Joined:Jan 2011
Message Posted: Jul 23, 2012 9:02:47 PM
 Ignore jem069 Report Abuse

Ok
Profile Pic
drz614
Champion Author Harrisburg

Posts:2,304
Points:598,595
Joined:Aug 2011
Message Posted: Jul 23, 2012 9:00:40 PM
 Ignore drz614 Report Abuse

ok
Profile Pic
jimedB
Veteran Author Riverside

Posts:405
Points:79,515
Joined:Jun 2012
Message Posted: Jul 23, 2012 8:56:24 PM
 Ignore jimedB Report Abuse

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:571
Points:402,350
Joined:Jan 2012
Message Posted: Jul 23, 2012 8:54:55 PM
 Ignore Shakleelady31 Report Abuse

Yikes!
Profile Pic
silverfoxv65
Champion Author Michigan

Posts:4,485
Points:1,230,875
Joined:Sep 2009
Message Posted: Jul 23, 2012 8:54:14 PM
 Ignore silverfoxv65 Report Abuse

Its about time!
Profile Pic
Nicoalbum
Champion Author Ottawa

Posts:6,021
Points:1,189,025
Joined:Jan 2010
Message Posted: Jul 23, 2012 8:53:44 PM
 Ignore Nicoalbum Report Abuse

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

Posts:6,027
Points:1,099,605
Joined:Apr 2008
Message Posted: Jul 23, 2012 8:53:14 PM
 Ignore CPGas1815 Report Abuse

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

Posts:1,787
Points:645,260
Joined:Feb 2010
Message Posted: Jul 23, 2012 8:49:49 PM
 Ignore bonzoonfmb Report Abuse

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

Posts:8,809
Points:1,844,425
Joined:Aug 2005
Message Posted: Jul 23, 2012 8:45:00 PM
 Ignore WIPACKERFAN Report Abuse

We'll see.
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:2,713
Points:760,255
Joined:Jan 2011
Message Posted: Jul 23, 2012 8:42:57 PM
 Ignore SpankyMI Report Abuse

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

Posts:7,310
Points:1,638,920
Joined:Feb 2007
Message Posted: Jul 23, 2012 8:41:31 PM
 Ignore Blue48 Report Abuse

NOT A SHOCKER!
Profile Pic
Buddy2264
Champion Author Tampa

Posts:11,659
Points:2,360,945
Joined:Oct 2005
Message Posted: Jul 23, 2012 8:41:28 PM
 Ignore Buddy2264 Report Abuse

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

Posts:3,374
Points:2,347,875
Joined:May 2004
Message Posted: Jul 23, 2012 8:41:23 PM
 Ignore RBob Report Abuse


Lots of words but it is only speculation.

Profile Pic
drobbbb
Champion Author Maryland

Posts:3,480
Points:812,460
Joined:Dec 2010
Message Posted: Jul 23, 2012 8:40:07 PM
 Ignore drobbbb Report Abuse

ok
Profile Pic
Prodaddy
Champion Author Houston

Posts:8,380
Points:1,895,185
Joined:May 2007
Message Posted: Jul 23, 2012 8:39:34 PM
 Ignore Prodaddy Report Abuse

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

Posts:8,071
Points:1,732,210
Joined:Jan 2008
Message Posted: Jul 23, 2012 8:38:33 PM
 Ignore mstearno Report Abuse

eventually it will be us
Profile Pic
Mikeyl
Champion Author Cleveland

Posts:5,152
Points:1,185,770
Joined:Aug 2004
Message Posted: Jul 23, 2012 8:34:49 PM
 Ignore Mikeyl Report Abuse

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:1,538
Points:331,330
Joined:Mar 2012
Message Posted: Jul 23, 2012 8:33:00 PM
 Ignore bradley1969 Report Abuse

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

Posts:5,451
Points:1,296,825
Joined:Jul 2007
Message Posted: Jul 23, 2012 8:28:42 PM
 Ignore UseLessGasFolks Report Abuse


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 8:27:33 PM
 Ignore Goofoff Report Abuse

Okay, next!
Profile Pic
Crumbfel
Champion Author Virginia

Posts:11,554
Points:2,160,585
Joined:Aug 2006
Message Posted: Jul 23, 2012 8:24:37 PM
 Ignore Crumbfel Report Abuse

Okay that one is read
Profile Pic
N5EXY
Champion Author Austin

Posts:5,497
Points:1,510,755
Joined:Jul 2004
Message Posted: Jul 23, 2012 8:22:46 PM
 Ignore N5EXY Report Abuse

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:17,625
Points:3,495,680
Joined:Jul 2003
Message Posted: Jul 23, 2012 8:21:35 PM
 Ignore DEG Report Abuse

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

Posts:6,090
Points:1,392,330
Joined:Oct 2008
Message Posted: Jul 23, 2012 8:19:39 PM
 Ignore DustyHorse Report Abuse

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

Posts:394
Points:1,109,480
Joined:Dec 2005
Message Posted: Jul 23, 2012 8:18:09 PM
 Ignore dougerstew Report Abuse

wow...
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:6,145
Points:1,883,670
Joined:Aug 2005
Message Posted: Jul 23, 2012 8:18:01 PM
 Ignore blazerbob91 Report Abuse

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

Posts:2,211
Points:560,565
Joined:Sep 2010
Message Posted: Jul 23, 2012 8:17:37 PM
 Ignore Yankee829 Report Abuse

Ok
Profile Pic
Runninmt61
Rookie Author Champaign

Posts:92
Points:46,950
Joined:Jun 2012
Message Posted: Jul 23, 2012 8:14:37 PM
 Ignore Runninmt61 Report Abuse

Here we go
Profile Pic
radiorumor
Champion Author Texas

Posts:2,817
Points:754,835
Joined:Feb 2011
Message Posted: Jul 23, 2012 8:12:51 PM
 Ignore radiorumor Report Abuse

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

Posts:3,232
Points:818,770
Joined:Sep 2009
Message Posted: Jul 23, 2012 8:12:08 PM
 Ignore mcmonsta Report Abuse

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:174,045
Joined:Mar 2012
Message Posted: Jul 23, 2012 8:11:09 PM
 Ignore justmedc Report Abuse

yippee
Profile Pic
nightworker998
Champion Author Maryland

Posts:1,812
Points:667,590
Joined:Mar 2009
Message Posted: Jul 23, 2012 8:10:45 PM
 Ignore nightworker998 Report Abuse

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

Posts:5,569
Points:1,513,105
Joined:Oct 2008
Message Posted: Jul 23, 2012 8:08:08 PM
 Ignore serrog Report Abuse

tough times
Profile Pic
unicornIL
Veteran Author Chicago

Posts:446
Points:385,695
Joined:Jan 2012
Message Posted: Jul 23, 2012 8:05:14 PM
 Ignore unicornIL Report Abuse

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:7,575
Points:2,446,110
Joined:Nov 2005
Message Posted: Jul 23, 2012 8:04:08 PM
 Ignore judgemobile Report Abuse

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

Posts:1,756
Points:693,325
Joined:Oct 2008
Message Posted: Jul 23, 2012 8:03:52 PM
 Ignore aggietim Report Abuse

hmm
Profile Pic
Ray_10589
Champion Author New York

Posts:4,951
Points:1,183,960
Joined:May 2009
Message Posted: Jul 23, 2012 8:02:48 PM
 Ignore Ray_10589 Report Abuse

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

Posts:4,388
Points:697,955
Joined:Nov 2009
Message Posted: Jul 23, 2012 8:01:31 PM
 Ignore knot2swift Report Abuse

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
Sophomore Author St. Louis

Posts:233
Points:94,930
Joined:Feb 2012
Message Posted: Jul 23, 2012 8:01:17 PM
 Ignore jlisk1970_us Report Abuse

Put pressure on
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"