Crude Oil goes to $ 100 again

Wah…Paling enak negara Arab nih kl gini. Ntar kl Oil bener2 langka mrk mau bilang harga berapa aja buyer harus tunduk donk. Masalahnya Indonesia bakal resesi kepukul inflasi gila2an, ongkos transportasi barang naek harga barang naek konsumer yg kepukul…wah bisa rusuh donk! :nailbiting: Sekarang aja harga2 sembako dan bahan pangan udah naek, apalagi harga BBM naek - :-O :-?
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pemerintah sudah nga'' mampu kasih subsidi nih, lihat aja berapa triliun Rp harus nutup biaya subsidi, ngambil uang dari bond lagi cuman gara2 mau pemilu 2009 aja pemerintah jaga image, minyak dunia sepertinya dilihat dari historis, susah turunnya…lebih banyak yg butuh, lebih langka, lebih mahal, susah lagi nyarinya. mending semua nya diganti pake minyak kelapa dech….. atau ada yg bisa kasih terboson pake air hujan azaa…. :klelep:
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another record … ==== Crude tops $115 on surprise fall in U.S. inventories By Moming Zhou & Polya Lesova, MarketWatch Last update: 3:18 p.m. EDT April 16, 2008 PrintPrint EmailE-mail Subscribe to RSSRSS DisableDisable Live Quotes SAN FRANCISCO (MarketWatch) – Crude-oil futures rose more than $1 Wednesday to surpass $115 a barrel after data showed a surprising drop in U.S. crude inventories and as the dollar dipped anew, raising oil''s attraction as an investment alternative. Crude oil for May delivery rose to an intraday high of $115.07 a barrel in late afternoon trading, before closing up $1.14, or 1%, at $114.93 on the New York Mercantile Exchange, also a new closing record. In a report released Wednesday, the U.S. Energy Information Administration said crude inventories fell unexpectedly, down 2.3 million barrels to 313.7 million barrels in the week ended April 11. Analysts surveyed by energy information provider Platts expected an increase of 1.5 million barrels. This is the second week crude-inventories data countered expectations. See more on inventories. EIA also reported gasoline supplies fell by 5.5 million barrels in the latest week, while distillate stocks rose by 100,000 barrels. The same analysts were expecting a decline in gasoline stocks of 2 million barrels and a 1.7 million barrel drop in distillate stocks. Also pushing crude higher earlier was the sliding dollar. The greenback hit a new low against the euro in Wednesday trading, with the euro quoting at $1.5977. The dollar index, which tracks the value of the greenback against a basket of other currencies, fell 1% to 71.37. Crude prices, denominated in dollars, tend to rise when the greenback falls, as a weaker U.S. currency makes crude less expensive to buyers holding other currencies. It also eats into oil producers'' dollar-denominated revenue and forces them to raise prices. Some analysts are bullish on the oil market despite crude''s recent fall. "Crude''s bull market is not going to stop," said Oxman. He said oil could touch $120 in a few weeks. Separately, the American Petroleum Institute reported U.S. crude inventories rose by 2.5 million barrels to 317.9 million barrels in the week ending April 11. Distillate stocks fell by 939,000 barrels to 111.9 million barrels in the same period, while gasoline stocks dropped by 2.4 million barrels to 216.8 million barrels. The API, an association of the U.S. oil and natural gas industry, calculates inventories based on different criteria. Also on the Nymex, May reformulated gasoline rose 5.8 cents to $2.939 a gallon and May heating oil fell slightly to $3.283 a gallon. May natural gas futures surged 22.8 cents to $10.433. EIA will report last week''s U.S. natural gas inventories Thursday. Analysts at Global Insights expect a build of 14 billion cubic feet. End of Story Moming Zhou is a MarketWatch reporter, based in San Francisco. Polya Lesova is a MarketWatch reporter based in New York.
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Mari kita berdoa semoga harga minyak turun…karena cuan ini hanya fatamorgana..jika minyak naik terus…Apalagi buat rakyat..Amin Salam
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Ya tapi harga minyak ini yang ga bisa dipungkiri yang membuat indeks BEI bergairah.
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Hope springs from Nigeria’s offshore oil\r\n\r\nBy Matthew Green in Lagos\r\n\r\nPublished: April 16 2008 23:09 | Last updated: April 17 2008 20:05\r\n\r\nSeen from the porthole of a Super Puma helicopter skimming over the Atlantic, the future of African oil exploration appears for a second like a giant, fire-breathing dragon.\r\n\r\nTowering 12 storeys above the waters off Nigeria, Royal Dutch Shell’s mammoth Bonga facility puffs a constant plume of flame as it sucks oil from below the ocean floor.\r\nEDITOR’S CHOICE\r\nNigeria''s oil output ‘'could fall by a third’' - Apr-17\r\nEditorial comment: Preparing for the age of peak oil - Apr-16\r\nNigeria warned on oil spending - Apr-16\r\nNigerians question motives for inquiries - Apr-16\r\nNigerians heed the call of marketing - Apr-07\r\nNigeria cancels sale of steel plant - Apr-03\r\n\r\nShell sees Bonga’s start-up in November 2005 as heralding a new era of deepwater operations in Nigeria, where a series of recent reports have revealed the depths of its difficulties onshore in the swamps of the Niger Delta.\r\n\r\nPresident Umaru Yar’Adua’s energy advisers warn that the country’s oil output could fall by a third by 2015 unless it succeeds in plans to boost investment in its joint ventures in the delta, of which Shell’s is the biggest, according to a report obtained this week by the Financial Times.\r\n\r\nThe report followed a warning late last year by a senior executive in Shell’s Nigerian joint venture that funding gaps imperilled the future of the 50-year-old onshore operation, which has also been hit hard by militant violence.\r\n\r\nBut for Shell and other western groups, a growing fleet of Bonga-style vessels destined for west Africa’s offshore oilfields are a symbol of hope in an increasingly fraught struggle to replace diminishing worldwide reserves.\r\n\r\n“It never stops production,” Godwin Itamah, Bonga’s offshore installation manager, said while standing on a gantry amid the floating jungle of pipes, chimneys and turbines. “We’re producing oil every second of the day.”\r\n\r\nQuestions remain over the pace at which Shell and its peers can exploit west Africa’s offshore potential.\r\n\r\nCosts of projects are rising fast, in line with a global industry trend, while there is uncertainty over whether Opec quotas will put a brake on offshore growth in Nigeria and Angola.\r\n\r\nBoth countries have been making increasingly assertive demands on Western groups to involve more local companies, which can sometimes cause delays.\r\n\r\n“The governments have got much tougher ,” said Will Rowley, director of analytical services at Infield Systems, the data analysts. “That puts a real constraint because if there aren’t the companies with the depths of skills you end up coming up against a brick wall.”\r\n\r\nBonga and other FPSOs – floating production, storage and offloading facilities – are moored so far off the coast they are considered relatively safe from the kind of attacks that have shut down much of Shell’s output in the swamps of the delta.\r\n\r\nOil tankers can fill up via a buoy linked by long pipe to Bonga’s hold, a bit like cars pulling up at a petrol station, before shipping the sweet, light crude to US refineries. Nigeria is already among the top five suppliers of oil to the US and by some estimates West Africa could provide a quarter of the US’s oil imports within seven years.\r\n\r\nThe US navy has launched a permanent training programme for the region’s maritime forces to ensure the crude flows undisturbed.\r\n\r\nWarnings this week from a Russian executive that the country’s oil production might have peaked have only underlined declining production in the world’s more mature fields, but West Africa is growing fast. Shell, BP, Chevron, ExxonMobil, and Total pumped 24 per cent of their total production last year from West Africa, compared with 16 per cent in 2001, according to data from John S. Herold, the energy consultancy.\r\n\r\nBonga alone produces 225,000 barrels per day (bpd) – about 10 per cent of Nigeria’s output – as well as gas to feed an onshore liquefied natural gas plant.\r\n\r\nNamed after a local species of edible fish, Bonga is part of a growing shoal of similar vessels. Infield Systems estimates FPSOs in the region will more than double from their current 27 by 2013. West Africa’s deep and shallow water oil production could rise from about 5.5m bpd this year to about 9.2m bpd by 2015, the consultancy predicts, provided the oil companies can overcome all the hurdles.\r\n\r\nThe progess report, seen by the Financial Times, highlights the government’s need to find ways to finance the oil industry in the country. It comes after an internal memo from the Shell Petroleum Development Company late last year that said funding problems could put the existence of the company’s joint venture with the Nigerian government at risk. The fresh warning could add to supply fears that have pushed oil prices to fresh records this week and saw prices reach a record $115.45 a barrel on Thursday.\r\n\r\nTraders are already worried about Russia’s oil production, considered critical to keep up with Asian demand, after warnings from industry executives that production there has peaked at about 10m barrels a day.\r\n\r\nMr Yar’Adua’s advisers include former Opec secretary-general Rilwanu Lukman, who chairs a committee created to draft proposals for an overhaul of Nigeria’s energy sector. The government hopes the reform process will help double production in Africa’s biggest crude exporter from its current 2.1m b/d.\r\n\r\nThe report says funding shortfalls “portend a grave danger not just to the reform process, but to the continued well-being of the industry as a whole”, adding that even if funding levels are maintained “total oil and gas production will decline by 30 per cent from its current level by 2015”.\r\n\r\nThe government’s failure to pay its share of costs of the joint ventures with companies such as Shell, ExxonMobil and Chevron, is one of the biggest obstacles to raising production.\r\n\r\nThe Nigerian government and Shell declined to comment.
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Schlumberger profit up 14%, bullish on outlook By Steve Gelsi, MarketWatch Last update: 9:42 a.m. EDT April 18, 2008 PrintPrint EmailE-mail Subscribe to RSSRSS DisableDisable Live Quotes NEW YORK (MarketWatch) – Schlumberger on Friday said net income climbed 14% as the oil and gas field services giant forecast stronger growth for the remainder of 2008 and set plans to purchase $8 billion more of its stock. Schlumberger Ltd. (SLB: Schlumberger Limited News, chart, profile, more Last: 94.93-0.37-0.39% 9:33am 04/18/2008 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: SLB 94.93, -0.37, -0.4%) said first-quarter earnings for the three months ended March 31 rose to $1.34 billion, or $1.09 a share, from $1.18 billion, or 96 cents a share, a year ago. Revenue rose to $6.29 billion, from $5.46 billion at the same point a year ago. On an adjusted basis, earnings per share totaled $1.06. Analysts had been expecting earnings of $1.12 per share, according to data compiled by FactSet. "In the absence of a severe global recession leading to a steep drop in demand, the thin cushion of excess oil supply and the failure to stem decline rates in many countries, coupled with the higher-than-expected drawdown of U.S. natural gas storage, are all factors that lead us to conclude that growth will strengthen as the year progresses," said Chairman and CEO Andrew Gould. Schlumberger''s board of directors also approved a new share repurchase program of $8 billion, to be acquired before December 2011. The company noted that seasonal factors and weather-related events had a general dampening effect on revenue gains with a consequent effect on margins, noted Brian Niemiec of Susquehanna Financial. "Some negative sentiment was likely priced into this earnings announcement, as earlier this month, Schlumberger stated that the quarterly progression of growth would be more uneven than in the past three years," Niemiec said. During a conference call with analysts, Schlumberger said it may see some incremental revenue in the second quarter in its Saudi Arabia business, but that a recent contract with the oil-rich company will ramp up more starting next year. Schlumberger said it remains convinced that current investment levels are insufficient to both stem decline and to explore and develop new reserves in the energy sector. "As a result, we anticipate that the current cycle of exploration and production spending will remain stronger for a longer period than we originally anticipated," the company said. Oilfield Services revenue of $5.60 billion increased 3% sequentially and 18% over the year-ago period. WesternGeco revenue fell 15% to $676 million decreased 15% compared to the prior quarter and 4% year-on-year. Pretax segment operating income of $196 million decreased 28% sequentially and 26% year-on-year. Shares of Schlumberger rose 24 cents to $95.54 on Friday
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Aduh apa maunya ini OIL, serem kale… ngak kebayang kalo harga BBM naik di negeri ini smile
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the average guys get it … government should stop hiding the truth … ==== Oil running out as prime energy source: world poll By Deborah Zabarenko, Environment Correspondent WASHINGTON (Reuters) - Most people believe oil is running out and governments need to find another fuel, but Americans are alone in thinking their leaders are out of touch with reality on this issue, an international poll said on Sunday. On average, 70 percent of respondents in 15 countries and the Palestinian territories said they thought oil supplies had peaked. Only 22 percent of the nearly 15,000 respondents in nations ranging from China to Mexico believed enough new oil would be found to keep it a primary fuel source. "What''s most striking is there''s such a widespread consensus around the world that oil is running out and governments need to make a real effort to find new sources of energy," said Steven Kull, director of WorldPublicOpinion.org, a global research organization that conducted the poll. Concerns over climate change, which is spurred by emissions from fossil fuels including oil, also were a factor among respondents, Kull said. The current tightening of the oil market is not temporary but will continue and the price of oil will rise substantially, most respondents said. "They think it''s just going to keep going higher and a fundamental adaptation is necessary," Kull said in a telephone interview. In the United States, the world''s biggest oil consumer and among the biggest emitters of climate-warming pollution from fossil fuel use, 76 percent of respondents said oil is running out, but most believed the U.S. government mistakenly assumes there would be enough to keep oil a main source of fuel. U.S. GOVERNMENT "NOT FACING REALITY"
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"Americans perceive that the government is not facing reality," Kull said. The United States is alone among major industrialized nations in rejecting the Kyoto Protocol, which aims to limit greenhouse gas emissions that exacerbate global warming. Last week, President George W. Bush said U.S. greenhouse emissions, especially carbon dioxide spewed by the burning of fossil fuels like oil, would stop growing by 2025 but gave no details on how this would come about. The announcement drew sharp criticism from environmental groups. Others pointed out this means emissions will continue to grow for the next 17 years. Only in Nigeria did a majority – 53 percent – believe enough new oil would be found to keep it a primary energy source, a reflection of its status as a major oil exporter and member of OPEC. The poll was conducted in China, India, the United States, Indonesia, Nigeria, Russia, Mexico, Britain, France, Iran, Azerbaijan, Ukraine, Egypt, Turkey, South Korea and the Palestinian territories. The margin of error varied from country to country, ranging from plus or minus 3 percentage points to plus or minus 4.5 percentage points, Kull said. WorldPublicOpinion.org involves research centers around the world, and the locations of these centers determined which countries were included in the poll. Kull noted that the poll included countries that make up 58 percent of the global population. The project is managed by the Program on International Policy Attitudes at the University of Maryland.
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