Chrysler heading down the Chapter 11 walk to restructuring the company assets to begin hopeful turnaround? I’m not so sure that is going to happen, the turn around that is. Yes, they have done it before but that was in a total different environment. It can’t be a fun walk by the way and I do feel for everyone at Chrysler.
Pig’s get Fat, hogs get slaughtered; OPEC made a ton of money last summer, could they pay for it this summer by a Pig Flu?
Before hitting on oil, let’s give the Earth its props today. It is Earth Day after all. The day really doesn’t get a ton of attention. Maybe if we made it a holiday that would help. Heck, the USPS would have the day off which would help them save money on their fuel budget.
Oil Prices have taken on a new pattern called $50. Fuel price for crude oil continues to stay around $50 for the past week or so. Maybe up a little or down a little but basically $50 is the number.
Will OPEC Cut Again? Heck No!!
We have a fuel surplus of 45 million barrel. That’s a lot of fuel oil. Economic data released Wednesday showed wholesalers cut their inventories in February by the steepest amount in more than 17 years as companies struggle to reduce stockpiles amid slowing sales. The Commerce Department said wholesale inventories dropped 1.5%, the most on record dating back to January 1992 and more than double analysts’ expectations.
Fairly steady crude oil prices and little change in supply and demand caused the gas price and diesel fuel cost to flatten last week.