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View Full Version : Web site error rocks global oil markets


Gan
05-30-2007, 03:17 PM
NEW YORK (Reuters) - World oil prices jumped briefly on Wednesday after a television station in Tulsa, Oklahoma -- the No. 62 U.S. media market -- posted an erroneous story about a refinery fire on its Web site.

At 10:14 EDT (1414 GMT), CBS affiliate KOTV reported that a lightning strike had caused a fire at an Oklahoma refinery -- sparking a flurry of excitement among energy traders and boosting U.S. crude prices 40 cents.

The refining company announced the story was "completely wrong" and the station withdrew the story.

"All it takes is a screw-up on a Web site to move the market. It just goes to show how tense this market is," said a Houston-based oil trader.

A string of refinery problems in the United States has propelled retail gasoline prices to record highs in recent weeks.

http://www.reuters.com/article/internetNews/idUSN3040403520070530?feedType=RSS&rpc=22
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We need more refineries. :(
Artha
05-30-2007, 05:52 PM
This just goes to show how ridiculously sensitive the oil market is.
Back
05-30-2007, 05:57 PM
And how we need to dump it.
CrystalTears
05-30-2007, 07:21 PM
And how we need to dump it.
Are you ready to give up plastics?
Apathy
05-30-2007, 07:22 PM
This goes to show how we could get by without OK.
Celephais
05-30-2007, 07:31 PM
Why doesn't somebody just make a fake news report that we just found an oil deposit under Nevada the size of the moon.

Problem solved!

... How am I so amazing?
Sean of the Thread
05-30-2007, 08:00 PM
Oil speculators suck.
Back
05-30-2007, 10:27 PM
Are you ready to give up plastics?

Duh!

PS. Are you taking the pill?
Sean of the Thread
05-30-2007, 10:44 PM
I don't think even the Amish could survive without plastics now days...
CrystalTears
05-31-2007, 08:20 AM
Duh!

PS. Are you taking the pill?
Are you? I was asking a serious question. You're the one who wants to do away with oil, and oil is used to manufacture commercial plastics. So if you're ready to go back to huge cell phones and computers because of needing to switch materials, along with thousands of other products you use daily right now that have plastic, then great.
Parkbandit
05-31-2007, 09:07 AM
Are you? I was asking a serious question. You're the one who wants to do away with oil, and oil is used to manufacture commercial plastics. So if you're ready to go back to huge cell phones and computers because of needing to switch materials, along with thousands of other products you use daily right now that have plastic, then great.


Trying to reason with Backlash is an effort in futility. He's the typical liberal.. "We just need to do away with oil" without actually putting thought to what the fuck we should to instead.
Gan
05-31-2007, 09:42 AM
Are you? I was asking a serious question. You're the one who wants to do away with oil, and oil is used to manufacture commercial plastics. So if you're ready to go back to huge cell phones and computers because of needing to switch materials, along with thousands of other products you use daily right now that have plastic, then great.

Dont forget the medical implications...
Stanley Burrell
05-31-2007, 09:51 AM
Crude hydrocarbon Earth oils can't be crafted whereas many plastics can be synthesized en masse. Maybe/maybe not the specific polymers needed for most commercial/medical use though. At least we've got pleather on our repertoire.
Back
05-31-2007, 10:34 AM
Are you? I was asking a serious question. You're the one who wants to do away with oil, and oil is used to manufacture commercial plastics. So if you're ready to go back to huge cell phones and computers because of needing to switch materials, along with thousands of other products you use daily right now that have plastic, then great.

Damn, way to ruin a moment of late-night flirtatious levity.

Its amazing how people can read so much into a simple comment. Our dependence on oil for fuel needs to be dropped.
CrystalTears
05-31-2007, 10:42 AM
Make sense next time. I know, it's a stretch. :tongue:
Gan
05-31-2007, 10:53 AM
Make sense next time. I know, it's a stretch. :tongue:

I think he was saying he wanted in your pants...

:whistle:
CrystalTears
05-31-2007, 11:02 AM
I think I threw up a little in my mouth. ;)
Back
05-31-2007, 11:04 AM
I love it when a woman asks me if I want to give up plastics.
CrystalTears
05-31-2007, 11:06 AM
I threw up again with the visual now. Thanks. Please stop before I have to cut you.
Khariz
05-31-2007, 11:54 AM
Why doesn't somebody just make a fake news report that we just found an oil deposit under Nevada the size of the moon.

Problem solved!

... How am I so amazing?

Wow, I was actually thinking the same thing. Let's release news stories talking about the 30 new refineries we opened last week.