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Chevron Corporation Message Board

  • mturner_71 mturner_71 Nov 10, 2006 1:57 PM Flag

    NOW DOWN A DOLLAR????????

    What gives.. Anyone? Anyone>>>>

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    • Basic Economics:
      1. There is an increase in oil stockpiles.
      2. The price of oil is going down.
      3. The Anti Investment Party just won control of US Congress-watch for anti Oil company legislation. The oil companies are the populists favorite scapegoat.
      4. The short term interest rate is going up pushing up the dollar and putting pressure on the equities.

      This doesn't alter the fact that CVX is a great company to own long term. Buy on dips. It is dipping a little-or to put it another way the shares are going on sale. Watch for the bottom and buy more.

      • 1 Reply to koozarian2000
      • Regarding: "Basic Economics:
        1. There is an increase in oil stockpiles."

        BASIC ECONOMICS:
        In the U.S., there has been a Decrease in oil stockpiles for the past SEVEN weeks.

        From DOE-EIA Weekly Reports:

        "Summary of Weekly Petroleum Data for the Week Ending January 5, 2007

        U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 5.0 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending December 29, 2006

        U.S. commercial crude oil inventories (excluding those in the StrategicPetroleum Reserve) declined by 1.3 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending December 22, 2006

        U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 8.1 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending December 15, 2006

        U.S. commercial crude oil inventories (excluding those in the Strategic
        Petroleum Reserve) dropped by 6.3 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending December 8, 2006

        U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) dropped by 4.3 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending December 1, 2006

        U.S. commercial crude oil inventories (excluding those in the Strategic
        Petroleum Reserve) declined by 1.1 million barrels compared to the previous week."

        "Summary of Weekly Petroleum Data for the Week Ending November 24, 2006

        U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) declined by 0.3 million barrels compared to the previous week."

    • Can anyone speculate as to what might have caused the
      dollar drop? I am glad its back up over 70 for now, but
      was wondering what market situation might have caused the drop. Something i could look for in the future regarding other stocks?

 
CVX
133.57-1.28(-0.95%)Jul 25 4:00 PMEDT

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