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werepossum
Elite Member
- Jul 10, 2006
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Londo_Jowo
Lifer
This is going to be bad resulting in a huge price spike.
I live next to a oil rail that normally has at least a dozen trains a day and the trains have stopped.
5-8-2014
http://news.slashdot.org/story/14/0...utm_source=rss1.0mainlinkanon&utm_medium=feed
Feds Issue Emergency Order On Crude Oil Trains
The Department of Transportation has issued an emergency order requiring that railroads inform state emergency management officials about the movement of large shipments of crude oil through their states and urged shippers not to use older model tanks cars that are easily ruptured in accidents, even at slow speeds.
There have been nine oil train derailments in the U.S. and Canada since March of last year, many of them resulting in intense fires and sometimes the evacuation of nearby residents, according to the NTSB. The latest was last week, when a CSX train carrying Bakken crude derailed in downtown Lynchburg, Va., sending three tank cars into the James River and shooting flames and black smoke into the air.
Concern about the safe transport of crude oil was heightened after a runaway oil train derailed and then exploded last July in the small town of Lac-Megantic in Canada, just across the border from Maine. More than 60 tank cars spilled more than 1.3 million gallons of oil. Forty-seven people were killed and 30 buildings destroyed in the resulting inferno.
Hersman says that over her 10 years on the board she has 'seen a lot of difficulty when it comes to safely rules being implemented if we don't have a high enough body count. That is a tombstone mentality. We know the steps that will prevent or mitigate these accidents. What is missing is the will to require people to do so.'"
I live next to a oil rail that normally has at least a dozen trains a day and the trains have stopped.
5-8-2014
http://news.slashdot.org/story/14/0...utm_source=rss1.0mainlinkanon&utm_medium=feed
Feds Issue Emergency Order On Crude Oil Trains
The Department of Transportation has issued an emergency order requiring that railroads inform state emergency management officials about the movement of large shipments of crude oil through their states and urged shippers not to use older model tanks cars that are easily ruptured in accidents, even at slow speeds.
There have been nine oil train derailments in the U.S. and Canada since March of last year, many of them resulting in intense fires and sometimes the evacuation of nearby residents, according to the NTSB. The latest was last week, when a CSX train carrying Bakken crude derailed in downtown Lynchburg, Va., sending three tank cars into the James River and shooting flames and black smoke into the air.
Concern about the safe transport of crude oil was heightened after a runaway oil train derailed and then exploded last July in the small town of Lac-Megantic in Canada, just across the border from Maine. More than 60 tank cars spilled more than 1.3 million gallons of oil. Forty-seven people were killed and 30 buildings destroyed in the resulting inferno.
Hersman says that over her 10 years on the board she has 'seen a lot of difficulty when it comes to safely rules being implemented if we don't have a high enough body count. That is a tombstone mentality. We know the steps that will prevent or mitigate these accidents. What is missing is the will to require people to do so.'"
The Feds are not issuing orders on stopping the trains.
Recommending that certain tankers not be used - not prohibiting.
Do you actually comprehend what you post about or still just generate BS because of a couple of words?
Recommending that certain tankers not be used - not prohibiting.
Do you actually comprehend what you post about or still just generate BS because of a couple of words?
Londo_Jowo
Lifer
Did you read what he said? McOwned says he lives by the oil rail lines (how he know this is anyone's guess) and the trains have stopped. Good for him that gas prices where he lives will spike giving him more reason to cry.
Meanwhile in Texas gas prices are dropping as summer blend fuel supplies build.
5-10-2014
http://www.thestreet.com/story/1270...-see-100-a-barrel.html?puc=yahoo&cm_ven=YAHOO
'Peak Oil' Burned as Exxon, Chevron, Shell See $100 a Barrel
BY Jonathan Yates
They don't come any smarter than Rep. Roscoe Bartlett, a former Member of Congress from Maryland.
With a Ph.D. in Physiology, Dr. Bartlett had a number of high tech patents that had made him a very wealthy man. He was also a successful farmer, professor, and real estate developer. As his Legislative Director, I quickly came to admire and respect greatly his character and intelligence.
But I never could understand why a man of science with such faith in the brilliance of the free market like Roscoe Bartlett was a believer in "Peak Oil," the theory that global fossil fuel production was on an inexorable decline.
He was hardly the only proponent. In May 2008, when oil was over $140 a barrel, Goldman Sachs (GS_) published a report that claimed, "The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty."
Oil is now around $100 a barrel with record levels of production.
Based on pure economic demand, it should be around $60-70 a barrel, admitted Rex Tillerson, the CEO of ExxonMobil (XOM_), in 2011.
At that time, oil was in the same range of about $100 a barrel.
Without speculators, obviously the price of oil would be much lower.
But that was not supposed to happen, according to the Peak Oil School. All the easy oil that could be found had been. From that point on the world would just have to live with high oil prices that were supposed to be around 100% more than at present.
In one word, Peak Oil got drilled by "fracking."
Fracking has advanced to the point where North America is now the largest energy producing region in the world.
Fracking has been around only as long as computers, as it was licensed exclusively to Halliburton (HAL_) in 1949
======================================
Fracking comes at a heavy price because the Oil Industry is full of incompetent people.
5-10-2014
http://thinkprogress.org/climate/2014/05/09/3436191/oil-spill-lubricant-ohio/
Fracking Well Leak Spills 1,600 Gallons Of Oil Drilling Lubricant Into An Ohio Tributary
About 1,600 gallons of oil-based lubricant leaked into an Ohio river tributary this week, after an equipment failure at an oil and gas well.
The rig site is located in southeastern Ohio near the town of Beverly, and is owned by PDC Energy Inc.
A spokesperson for PDC told the Associated Press that workers at the site noticed a build up in high pressure in the well, but were unable to contain it thanks to malfunctioning equipment at the well head.
That released the oil based fluid, called mud, which is used to lubricate the equipment in the well bore during drilling.
Both the sheriff and fire departments for Morgan County were called in following the leak, and PDC paid to relocate several nearby residents to ensure no one would be harmed if leaking natural gas led to an explosion.
Officials said the spill was contained by Wednesday, though also added it could be harmful to marine life.
Other areas of the country have not been so fortunate. Two oil field workers were killed and nine others injured in an explosion at a well in Texas last week.
The oil and gas industry actually has a fatality rate thats almost eight times the average rate for most industries.
A total of 545 people were killed in oil and gas industry accidents between 2008 and 2012, and 18,000 suffered amputations, broken bones, burns, or other injuries.
Overall, more than 120,353 barrels of hazardous liquids, including crude oil and other forms of petroleum, spilled in 2013 in 622 different incidents. Thats more than double the 45,934 barrels spilled in 570 incidents in 2012.
http://www.thestreet.com/story/1270...-see-100-a-barrel.html?puc=yahoo&cm_ven=YAHOO
'Peak Oil' Burned as Exxon, Chevron, Shell See $100 a Barrel
BY Jonathan Yates
They don't come any smarter than Rep. Roscoe Bartlett, a former Member of Congress from Maryland.
With a Ph.D. in Physiology, Dr. Bartlett had a number of high tech patents that had made him a very wealthy man. He was also a successful farmer, professor, and real estate developer. As his Legislative Director, I quickly came to admire and respect greatly his character and intelligence.
But I never could understand why a man of science with such faith in the brilliance of the free market like Roscoe Bartlett was a believer in "Peak Oil," the theory that global fossil fuel production was on an inexorable decline.
He was hardly the only proponent. In May 2008, when oil was over $140 a barrel, Goldman Sachs (GS_) published a report that claimed, "The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty."
Oil is now around $100 a barrel with record levels of production.
Based on pure economic demand, it should be around $60-70 a barrel, admitted Rex Tillerson, the CEO of ExxonMobil (XOM_), in 2011.
At that time, oil was in the same range of about $100 a barrel.
Without speculators, obviously the price of oil would be much lower.
But that was not supposed to happen, according to the Peak Oil School. All the easy oil that could be found had been. From that point on the world would just have to live with high oil prices that were supposed to be around 100% more than at present.
In one word, Peak Oil got drilled by "fracking."
Fracking has advanced to the point where North America is now the largest energy producing region in the world.
Fracking has been around only as long as computers, as it was licensed exclusively to Halliburton (HAL_) in 1949
======================================
Fracking comes at a heavy price because the Oil Industry is full of incompetent people.
5-10-2014
http://thinkprogress.org/climate/2014/05/09/3436191/oil-spill-lubricant-ohio/
Fracking Well Leak Spills 1,600 Gallons Of Oil Drilling Lubricant Into An Ohio Tributary
About 1,600 gallons of oil-based lubricant leaked into an Ohio river tributary this week, after an equipment failure at an oil and gas well.
The rig site is located in southeastern Ohio near the town of Beverly, and is owned by PDC Energy Inc.
A spokesperson for PDC told the Associated Press that workers at the site noticed a build up in high pressure in the well, but were unable to contain it thanks to malfunctioning equipment at the well head.
That released the oil based fluid, called mud, which is used to lubricate the equipment in the well bore during drilling.
Both the sheriff and fire departments for Morgan County were called in following the leak, and PDC paid to relocate several nearby residents to ensure no one would be harmed if leaking natural gas led to an explosion.
Officials said the spill was contained by Wednesday, though also added it could be harmful to marine life.
Other areas of the country have not been so fortunate. Two oil field workers were killed and nine others injured in an explosion at a well in Texas last week.
The oil and gas industry actually has a fatality rate thats almost eight times the average rate for most industries.
A total of 545 people were killed in oil and gas industry accidents between 2008 and 2012, and 18,000 suffered amputations, broken bones, burns, or other injuries.
Overall, more than 120,353 barrels of hazardous liquids, including crude oil and other forms of petroleum, spilled in 2013 in 622 different incidents. Thats more than double the 45,934 barrels spilled in 570 incidents in 2012.
5-9-2014
http://finance.yahoo.com/news/6-cars-oil-crude-train-234427241.html
6 cars of oil crude train derail in Colorado
Crews work to clean up after 6 cars of a 100-car oil crude train derails northwest of Denver
Crews from Union Pacific Railroad worked to clear a six-car oil train derailment that leaked some crude into a ditch Friday in northern Colorado.
The amount of oil spilled wasn't immediately known, but a vacuum truck was brought in to suck up the spill. Tanker trucks lined up nearby to transfer the oil.
The train was loaded in nearby Windsor with Niobrara crude and was bound for New York. Niobrara oil comes from the Niobrara shale formation in Colorado, Wyoming and Kansas. It's not considered as volatile as Bakken crude from North Dakota and eastern Montana.
http://finance.yahoo.com/news/6-cars-oil-crude-train-234427241.html
6 cars of oil crude train derail in Colorado
Crews work to clean up after 6 cars of a 100-car oil crude train derails northwest of Denver
Crews from Union Pacific Railroad worked to clear a six-car oil train derailment that leaked some crude into a ditch Friday in northern Colorado.
The amount of oil spilled wasn't immediately known, but a vacuum truck was brought in to suck up the spill. Tanker trucks lined up nearby to transfer the oil.
The train was loaded in nearby Windsor with Niobrara crude and was bound for New York. Niobrara oil comes from the Niobrara shale formation in Colorado, Wyoming and Kansas. It's not considered as volatile as Bakken crude from North Dakota and eastern Montana.
Londo_Jowo
Lifer
Meanwhile were I live gas has gone down another $0.05/gal ($0.13/gal in 2 weeks). Just paid $3.21/gal w/Kroger $0.10/gal discount.
http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx
http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx
Is anyone actually surprised the Oil Thugs are polluting groundwater just about everywhere?
5-11-2014
http://news.yahoo.com/fed-govt-failed-inspect-higher-risk-oil-wells-090356568--finance.html
Fed govt failed to inspect higher risk oil wells
The government has failed to inspect thousands of oil and gas wells it considers potentially high risks for water contamination and other environmental damage, congressional investigators say.
Investigators said weak control by the Interior Department's Bureau of Land Management resulted from policies based on outdated science and from incomplete monitoring data.
In the coming months, the administration is expected to issue rules on fracking and methane gas emissions.
In Pennsylvania, for instance, an Associated Press investigation found the state received 398 complaints in 2013 alleging that oil or natural gas drilling polluted or otherwise affected private water wells. More than 100 cases of pollution were confirmed over the past five years.
5-11-2014
http://news.yahoo.com/fed-govt-failed-inspect-higher-risk-oil-wells-090356568--finance.html
Fed govt failed to inspect higher risk oil wells
The government has failed to inspect thousands of oil and gas wells it considers potentially high risks for water contamination and other environmental damage, congressional investigators say.
Investigators said weak control by the Interior Department's Bureau of Land Management resulted from policies based on outdated science and from incomplete monitoring data.
In the coming months, the administration is expected to issue rules on fracking and methane gas emissions.
In Pennsylvania, for instance, an Associated Press investigation found the state received 398 complaints in 2013 alleging that oil or natural gas drilling polluted or otherwise affected private water wells. More than 100 cases of pollution were confirmed over the past five years.
Londo_Jowo
Lifer
Here is where more of Americans money goes with Oil Thug y Farm Thugs.
Either way, Americans lose and Big Corporations win.
5-12-2014
http://finance.yahoo.com/news/big-corn-lost-ethanol-battle-044223693.html
How 'Big Corn' lost the ethanol battle to Philadelphia refiners
Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
Stunned by the reversal, producers of the corn-based biofuel and their supporters are now fighting back ahead of a June deadline for the Environmental Protection Agency (EPA) to make a final decision on the cut.
The clash has been portrayed as a battle between "Big Oil" and "Big Corn," two powerful and deep-pocketed lobbies.
Either way, Americans lose and Big Corporations win.
5-12-2014
http://finance.yahoo.com/news/big-corn-lost-ethanol-battle-044223693.html
How 'Big Corn' lost the ethanol battle to Philadelphia refiners
Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
Stunned by the reversal, producers of the corn-based biofuel and their supporters are now fighting back ahead of a June deadline for the Environmental Protection Agency (EPA) to make a final decision on the cut.
The clash has been portrayed as a battle between "Big Oil" and "Big Corn," two powerful and deep-pocketed lobbies.
Holy hell
First you argue for artificial turf then you argue against artificial turf
http://www.washingtontimes.com/news...e-oil-loophole-to-post-re/?page=all#pagebreak
"The stealth surge in petroleum exports drove down the U.S. current account deficit to $81 billion — the lowest in 14 years — in the final quarter of 2013. For all of last year, the trade deficit fell to $474.9 billion from $535.7 billion in 2012.
“The declining trade deficit is good news,” and it is largely because of rapidly growing exports of surplus petroleum products in the past five years, said Jerry Jasinowski, former president of the National Association of Manufacturers. “All of a sudden the U.S. energy picture — thanks to refinements in fracking technology — is much more robust than anyone thought possible.”
Because U.S. shale oil must be refined at factories on the Gulf Coast, East Coast or West Coast before it is sent overseas, the refining revival also has contributed in a big way to the rebound in U.S. manufacturing output, exports and jobs since the recession. Investment in oil- and gas-producing facilities has led all investment by U.S. businesses in recent years.
Moreover, the availability of inexpensive oil and natural gas has been an elixir for other U.S. manufacturers and exporters that are heavily dependent on energy, including plastics, chemicals and agriculture. As a result, the energy revival has fed a renaissance in manufacturing. That, in turn, has served to drive up U.S. exports of goods and services by 3 percent in the past year, helping narrow the trade deficit.
“The falling trade deficit is a clear confirmation of our competitive gains in both energy and manufacturing,” said Mr. Jasinowski"
First you argue for artificial turf then you argue against artificial turf
http://www.washingtontimes.com/news...e-oil-loophole-to-post-re/?page=all#pagebreak
"The stealth surge in petroleum exports drove down the U.S. current account deficit to $81 billion — the lowest in 14 years — in the final quarter of 2013. For all of last year, the trade deficit fell to $474.9 billion from $535.7 billion in 2012.
“The declining trade deficit is good news,” and it is largely because of rapidly growing exports of surplus petroleum products in the past five years, said Jerry Jasinowski, former president of the National Association of Manufacturers. “All of a sudden the U.S. energy picture — thanks to refinements in fracking technology — is much more robust than anyone thought possible.”
Because U.S. shale oil must be refined at factories on the Gulf Coast, East Coast or West Coast before it is sent overseas, the refining revival also has contributed in a big way to the rebound in U.S. manufacturing output, exports and jobs since the recession. Investment in oil- and gas-producing facilities has led all investment by U.S. businesses in recent years.
Moreover, the availability of inexpensive oil and natural gas has been an elixir for other U.S. manufacturers and exporters that are heavily dependent on energy, including plastics, chemicals and agriculture. As a result, the energy revival has fed a renaissance in manufacturing. That, in turn, has served to drive up U.S. exports of goods and services by 3 percent in the past year, helping narrow the trade deficit.
“The falling trade deficit is a clear confirmation of our competitive gains in both energy and manufacturing,” said Mr. Jasinowski"
Last edited:
Look no further than the ethanol industry's ability to only produce 810,000 gallons of cellulose based ethanol in juxtaposition to the Federal requirement raising from 6 million gallons last year to 17 million gallons this year.
It is clear there is one industry in this situation hanging on to an outdated mandate that was based on incorrect projections of both the growth in ethanol production and the growth of gasoline consumption.
The EPA *is planning to* revise the blending requirements to reflect the current situation rather than projections made almost a decade ago.
Last edited:
Just a hint of lifting the Oil export ban and look how the Oil Thugs are already shooting the price of oil up.
Bend over more Americans, you deserve it.
5-14-2014
http://finance.yahoo.com/news/oil-gains-reports-us-may-055152731.html
Oil gains on reports US may lift oil export ban
The price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil exports.
Benchmark U.S. crude for June delivery was up 33 cents to $102.03 a barrel at 0550 GMT on the New York Mercantile Exchange.
On Tuesday, it jumped $1.11 to $101.70 a barrel, its highest close since April 24.
Bend over more Americans, you deserve it.
5-14-2014
http://finance.yahoo.com/news/oil-gains-reports-us-may-055152731.html
Oil gains on reports US may lift oil export ban
The price of U.S. oil rose Wednesday following reports that Washington is studying whether to lift a longstanding ban on crude oil exports.
Benchmark U.S. crude for June delivery was up 33 cents to $102.03 a barrel at 0550 GMT on the New York Mercantile Exchange.
On Tuesday, it jumped $1.11 to $101.70 a barrel, its highest close since April 24.
Zaap
Diamond Member
- Jun 12, 2008
- 7,162
- 424
- 126
That's exactly what I thought would be the catch.
But my electric bill went up $5 a month- so that's pretty much what it costs me to drive.
The charger is just a cable that plugs into a wall socket- nothing to install. Of course, charging with it takes around 6 hours. Not really an issue for me since I just plug in when I get home in the evenings- fully charged in the morning. The car actually texts me when it's charged.
I could install a 250V charger in my garage that does the job in 2 hours for around $1000.
That is one major downside to electric and plug-in vehicles for many people- it pretty much requires a single family residence with a closed garage. Most apartments have no where to plug in near cars (extension cords are a big no-no) and worst of all, I can easily see people stealing the charge cable since currently they're pretty expensive.
One good thing about this otherwise insane state I live in- electric charging stations are popping up everywhere. A lot of places have spots right up front reserved for electrics and plug-ins.
I can see by the time I'm ready for another car, going all-electric will be a no-brainer.
Looks like gas will be around $5 in many places around the Country for this Memorial Day as I said in the beginning of the year. The exact opposite of the so called experts and the oil thug supporters in here.
A week to go and lots of stations well north of $4
A couple of stations in Los Angeles already over $5
http://www.losangelesgasprices.com/
$5.19 76 1004 S La Cienega Blvd & W Olympic Blvd Los Angeles
Lori417 8 hours ago
$5.09 Mobil 11680 Burbank Blvd & Colfax Ave North Hollywood
Samo1961 16 hours ago
http://www.longislandgasprices.com/
http://www.chicagogasprices.com/
A week to go and lots of stations well north of $4
A couple of stations in Los Angeles already over $5
http://www.losangelesgasprices.com/
$5.19 76 1004 S La Cienega Blvd & W Olympic Blvd Los Angeles
Lori417 8 hours ago
$5.09 Mobil 11680 Burbank Blvd & Colfax Ave North Hollywood
Samo1961 16 hours ago
http://www.longislandgasprices.com/
http://www.chicagogasprices.com/
Did we go to war with Russia today?
One of, if not, the biggest jump I've seen in a long time.
Went from $3.54 to $3.89 here in Indy today, a couple of stations at $3.99
One of, if not, the biggest jump I've seen in a long time.
Went from $3.54 to $3.89 here in Indy today, a couple of stations at $3.99
Londo_Jowo
Lifer
How's that drive for $5 working for ya McOwned? Good to see you paying $0.68/gal to $0.78/gal more than what I pay for it here. Funny how those Oil Thugs takes care of some states while punishing other states.
5-15-2014
http://www.cnbc.com/id/101676957
Gas prices shouldn't be high, but are. Here's why
As the summer driving season nears, retail gas remains stubbornly lodged near $4 per gallon. According to the Energy Information Administration, gas prices rose for 12 straight weeks through late April, and were 20 cents a gallon higher than the same point last year.
So what gives?
Prices at the pump have defied the gravitational pull of a litany of mitigating factors such as a more fuel-efficient U.S. car fleet, rising domestic production and a still-fragile recovery that should blunt demand.
http://www.cnbc.com/id/101676957
Gas prices shouldn't be high, but are. Here's why
As the summer driving season nears, retail gas remains stubbornly lodged near $4 per gallon. According to the Energy Information Administration, gas prices rose for 12 straight weeks through late April, and were 20 cents a gallon higher than the same point last year.
So what gives?
Prices at the pump have defied the gravitational pull of a litany of mitigating factors such as a more fuel-efficient U.S. car fleet, rising domestic production and a still-fragile recovery that should blunt demand.
We have more oil than ever before so Libya's output should have absolutely nothing to do with prices but the Oil Thugs have the Sheeple brainwashed that bullshit excuses like this are real and matter as evidenced by the Oil Thug supporters comments in here:
Until the Sheeple target people like Joseph Posillico and the Thug Companies like Jefferies Bache this criminal stealing will continue by this cabal.
5-17-2014
http://www.cnbc.com/id/101680671
Oil prices rise as Libyan output squeezed
Global oil prices rose on Friday as investors worried about Libya after a recovery in the OPEC country's oil supply proved short-lived and government forces clashed with Islamist militias.
"We have to take Libyan reports that these oilfields are back up with a grain of salt because it's still very uncertain there," said Joseph Posillico, senior vice president of energy derivatives at Jefferies Bache in New York.
Until the Sheeple target people like Joseph Posillico and the Thug Companies like Jefferies Bache this criminal stealing will continue by this cabal.
5-17-2014
http://www.cnbc.com/id/101680671
Oil prices rise as Libyan output squeezed
Global oil prices rose on Friday as investors worried about Libya after a recovery in the OPEC country's oil supply proved short-lived and government forces clashed with Islamist militias.
"We have to take Libyan reports that these oilfields are back up with a grain of salt because it's still very uncertain there," said Joseph Posillico, senior vice president of energy derivatives at Jefferies Bache in New York.
brianmanahan
Lifer
- Sep 2, 2006
- 24,628
- 6,013
- 136
someday i want to join a cabal, that would be sweet
meanwhile i payed 3.40$ for gas a couple days ago
meanwhile i payed 3.40$ for gas a couple days ago
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