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GasBuddy News Article

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Societe Generale: Crude prices could slip in June, rise in July

GasBuddy Blog -- Societe Generale, the French bank and brokerage house, said today that negotiations to halt Iran's nuclear program will probably fail.

Michael Wittner, the New York-based head of global market research at Societe Generale, said "There will not be any quick resolution to the nuclear standoff. We expect U.S. and EU santions, which take effect July 1, to be fully implemented."

Despite the fact that Iran returned to negotiations with the U.N. Security Council, the U.S. and EU plan new sanctions against Iran's Central Bank to cut off oil revenues and the EU has agreed to embargo purchases of Iranian crude beginning in July.

According to Wittner, a release of strategic oil stockpiles will probably happen in June...


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Submitted Apr 24, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Societe Generale: Crude prices could slip in June, rise in July Back to Topics
REPLIES (newest first) Post a Reply
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 27, 2012 6:04:51 AM

time tells all
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 27, 2012 2:53:37 AM

doug: you may need a more fuel efficient vehicle.
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 26, 2012 6:11:13 AM

time will tell
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gazprize
Veteran Author Toronto

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Message Posted: Apr 26, 2012 4:37:56 AM

oh ok
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 25, 2012 6:14:52 PM

time tells all
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my2002m
Champion Author Tulsa

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Message Posted: Apr 25, 2012 5:40:36 PM

They go up and they go down. But mostly up.
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gknee09
Champion Author Philadelphia

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Message Posted: Apr 25, 2012 4:07:00 PM

wish I could buy in bulk
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dougtaylor1
Champion Author Phoenix

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Message Posted: Apr 25, 2012 11:44:59 AM

So fill up in June. Too bad it isn't that simple. I fill up twice a week.
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Apr 25, 2012 11:43:32 AM

Fascinating.
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DerHahn
Champion Author Illinois

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Message Posted: Apr 25, 2012 11:12:36 AM

never understood why they gave such a long time for this to start. that just allows companies to pay in advance for future deliveries and to keep things flowing. no interruption at all, but idiot speculators will drive prices just because they can.
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idigau22
Champion Author Washington

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Message Posted: Apr 25, 2012 11:07:34 AM

President Obama recently touted algae as a potential source of energy, and now the Environmental Protection Agency has invested in converting spinach into an energy source.

The EPA awarded a $90,000 grant of your tax dollars over the weekend to Vanderbilt University students "who designed a biohybrid solar panel that substitutes a protein from spinach for expensive silicon wafers that are energy intensive to produce, and is capable of producing electricity."

What else will Obama come up with to waste taxpayer money on?? $90,000 to turn Spinach into electricity?? Obama watched to many POP-EYE cartoons as a kid!!
Gosh! I can't wait for November to get here!!!!

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HawaiianGuy
Champion Author Idaho

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Message Posted: Apr 25, 2012 11:05:33 AM

That's my inclination. Iran's latest madman, Ahmedinejad, is just such a personality. And the rest of the world, including fellow Islamic states, will hide behind the U.S., hoping that we'll "do something" about him.
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Asbury09
Champion Author Iowa

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Message Posted: Apr 25, 2012 11:04:20 AM

and it could snow in April and rain in December
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NoStrings
Champion Author Ventura

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Message Posted: Apr 25, 2012 10:59:29 AM

whatever
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JasonKY
Veteran Author Lexington

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Message Posted: Apr 25, 2012 10:58:42 AM

No good news. Just the same old drudgery that we have come to expect from the fuel markets.
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manbig13
Champion Author Cleveland

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Message Posted: Apr 25, 2012 10:55:52 AM

could if they are not happy with their bank account
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Cruiser340
Champion Author Grand Rapids

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Message Posted: Apr 25, 2012 10:54:51 AM

Speculation again.
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checkitnow
Champion Author Atlanta

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Message Posted: Apr 25, 2012 10:53:59 AM

whenever israel attacks iran crude/gas prices will skyrocket
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GLM4205
Champion Author Toledo

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Message Posted: Apr 25, 2012 10:52:46 AM

Speculation never stops????
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mfeldstein
Champion Author Ottawa

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Message Posted: Apr 25, 2012 10:51:09 AM

Gas prices will go up or down in June and July. Bank on it.
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bcfuelsaver
Champion Author Vancouver

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Message Posted: Apr 25, 2012 10:49:28 AM

ok
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LaVonneK
Champion Author Iowa

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Message Posted: Apr 25, 2012 10:42:40 AM

Thanks for the information.
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marsbars
Champion Author Alaska

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Message Posted: Apr 25, 2012 10:42:33 AM

What's new?
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alchulito
All-Star Author New York

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Message Posted: Apr 25, 2012 10:42:19 AM

What else is new?!
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Gramps001
Champion Author North Carolina

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Message Posted: Apr 25, 2012 10:40:47 AM

Deja Vu all over again!
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gilfarm
Champion Author Alabama

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Message Posted: Apr 25, 2012 10:39:15 AM

The roller coaster
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sparky808
Champion Author Honolulu

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Message Posted: Apr 25, 2012 10:36:48 AM

Thank you for posting.
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wheels045
Rookie Author Illinois

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Message Posted: Apr 25, 2012 10:32:41 AM

Dealing with this guys is like (for you old folks) dealing with Nekita Khrushchev in the 60’s LIE LIE LIE
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sdiddydaddy
Champion Author Grand Rapids

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Message Posted: Apr 25, 2012 10:32:10 AM

sounds like speculation
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Lizzylou
Champion Author Stockton

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Message Posted: Apr 25, 2012 10:31:51 AM

"SLIP" GOOD -- "RISE" NOT GOOD
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Amanstrom
Champion Author Los Angeles

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Message Posted: Apr 25, 2012 10:29:39 AM

Interesting
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ttfn5tigger
Champion Author Indianapolis

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Message Posted: Apr 25, 2012 10:28:34 AM

prices will just rise
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blah2blah3
Champion Author Houston

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Message Posted: Apr 25, 2012 10:26:24 AM

does that needs a big organization to announce that the price will be cyclical ?

Better divulge your resources to something important.
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humblepie
Champion Author Toledo

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Message Posted: Apr 25, 2012 10:25:38 AM

so many liberal wingnuts here its kinda sad,
sanctions have never worked, ever, think cuba
and north korea, yet democraps since kennedy have
touted how great they are, total bovine excrement

[Edited by: humblepie at 4/25/2012 1:27:04 PM EST]
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CPGas1815
Champion Author Michigan

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Message Posted: Apr 25, 2012 10:25:15 AM

Yesterday's news.
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aalix
Champion Author Orange County

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Message Posted: Apr 25, 2012 10:24:56 AM

Keep trying.
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RAC110
Champion Author Massachusetts

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Message Posted: Apr 25, 2012 10:24:50 AM

a bunch of guesses
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NavyEOD
Champion Author Los Angeles

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Message Posted: Apr 25, 2012 10:23:13 AM

kBad speculation.
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ntass1
Champion Author Edmonton

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Message Posted: Apr 25, 2012 10:21:21 AM

ok
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Suzzoom
Champion Author Nevada

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Message Posted: Apr 25, 2012 10:20:53 AM

Whatever happens, it's sure to have a negative reaction on the US.
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DrivingFool2
Champion Author Appleton

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Message Posted: Apr 25, 2012 10:20:27 AM

NIGELB, you are so right on. Banks should be regulated as should speculation in oil, plus let's please save taxes by stopping corporate welfare, they are going to screw you anyways.
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GasFreeLeaf
Champion Author Orange County

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Message Posted: Apr 25, 2012 10:19:49 AM

Thanks
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matthwbar
Champion Author Toledo

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Message Posted: Apr 25, 2012 10:19:26 AM

A role of the dice...
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tomok
Champion Author Portland

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Message Posted: Apr 25, 2012 10:19:19 AM

French? Iran's nuclear program, US and EU sanctions July 1? Crude prices up, Crude prices down, Fuel prices are too high! The higher the crude oil prices and the fuel prices at the pump, the longer the economy will take to get better. And, it does not matter what good things Barry says about the economy either.
US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
The price of fuel at the pump is too high!
12/22/2012!
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Tekkie
Champion Author Philadelphia

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Message Posted: Apr 25, 2012 10:18:06 AM

Dartboard
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nigelb
Champion Author Virginia

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Message Posted: Apr 25, 2012 10:17:35 AM

I am sure the speculators will do their best to make sure this does not happen! The speculators must be regulated. Raise the margin requirement and make them take delivery on their contracts. Sadly, the block head Republicans will oppose any regulation, just as they opposed regulating Wall Street and the banks after the financial collapse. The GOBP has the interest of big business and the very wealthy (read big contributors) at heart, not those of the middle class. Vote them out in 2012!
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CiVX
Champion Author Oakland

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Message Posted: Apr 25, 2012 10:16:16 AM

How!
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pper
Champion Author Grand Rapids

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Message Posted: Apr 25, 2012 10:15:59 AM

Prices have gone up and down for years, they just don't come down as far anymore.
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snappytom2
Champion Author Corpus Christi

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Message Posted: Apr 25, 2012 10:14:59 AM

Old news.
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bluechip77
Rookie Author New York

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Message Posted: Apr 25, 2012 10:14:37 AM

And this is what the speculators are counting on to raise that price of crude. Why don't we just leave well enough alone and let them act out.....
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bonbon5
Champion Author Toledo

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Message Posted: Apr 25, 2012 10:12:53 AM

thought I read something like this yesterday....
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