conehead433
Diamond Member
- Dec 4, 2002
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Gas suddenly surged to $50 a gallon in Chicago today resulting in mass rioting and numerous suicides.
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You're still small timing against mcowned until you start posting on a regular basis how gasoline just dropped $.20 or $.30 overnight and now they're paying you $15 to take a gallon off their hands and people are just driving around the block for a living burning gas to get paid for it. The counterweight to his rubbish.and mcowned constantly assumes his one station near the airport sample is enough to indicate the entire country is $9 a gallon.
until he stops his half assed assumptions.... i aint gonna stop mine.
Fair enough I guess. :\
"But there is no shortage of oil anywhere.
Prices are high strictly because of greed"
Then don't buy any in fact once the economy recovers and demand goes up again don't be surprise if oil makes it to 200 a barrel, its becoming ever harder to produce oil at the level mankind consumes it.
"Now if they would just let the tar sand oil pipeline be built, oil prices are going to go to rock bottom."
Well no, the keystone pipline will ensure some stability of supply, oil has to be at a certain price for it to be profitable from that supply, if the price collapses they will just stop producing until the price recovers
Then don't buy any in fact once the economy recovers and demand goes up again don't be surprise if oil makes it to 200 a barrel, its becoming ever harder to produce oil at the level mankind consumes it.
I know real catch 22
The charts show everytime oil reaches around the level it is now the economy collapses.
I didn't mean sustained at 200, and its probably one of the reasons the recovery is still so slow. Too much disposable income going into oil/gas meaning Billions out of the economy because too much is imported instead of helping to drive it
Well, the fact that refined gas is now our number one export should tell you something....gas can't drop as demand will be kept high by those willing to ship it out of the country to the highest bidder (easier still if the dollar is very weak).
Seriously, dmcowen, are you even capable of putting together a single sentence with proper grammar and a cogent thought?crazy ramblings
The US don't export sh!t
It consumes 20 Million Barrels a day you have to export some gas because crude doesnt' refine into the perfect ratios of heating oil, plastics ,aviation fuel, diesel, and gasoline required. Gasoline demand is down but thats not the only product crude makes so they pretty much have to export it.
The fact there is a market for it should tell dmcowen its a GLOBAL commodity of which big oil companies aren't even 1/3 of the players. Country nationals control most of the production, demand sinks domestically no problem lots of buyers out there at this price
That picture is octane ratings not ethanol content, regular gas is 85 octane 91 is premium
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.
So 18 and thats the lowest its been in 14 yrs won't take much to drive it back to 20
I'm confused by the point?
You still import about 10 million barrels and produce 10 million raw crude
For ease of math about 500,000 is nothing, gasoine is about half a barel of oil still means you consume the lions share of it , you would make about 10million barrels of gas a day, export 5%, 95% is still consumed, you also export tractors and autos and software
Whats the problem?
Uh...would you really want to put 85 in your tank? Will most cars run on 85?
The US don't export sh!t
It consumes 20 Million Barrels a day you have to export some gas because crude doesnt' refine into the perfect ratios of heating oil, plastics ,aviation fuel, diesel, and gasoline required.
Gasoline demand is down but thats not the only product crude makes so they pretty much have to export it.
The fact there is a market for it should tell dmcowen its a GLOBAL commodity of which big oil companies aren't even 1/3 of the players. Country nationals control most of the production, demand sinks domestically no problem lots of buyers out there at this price
That picture is octane ratings not ethanol content, regular gas is 85 octane 91 is premium
So you have to wonder when they are not even here why are they disputing so hard?
What are they trying to personally gain?
What are you trying to gain in..
Are you in all those places???
Do you use every company?
Unfortunately, dmcowen doesn't care about information that if consumed would change his wildly inaccurate view of reality.Its not hatefull and its not lying its merely the facts.
Don't get confused facing reality can be hard.
All right here from the Wall street journal
http://online.wsj.com/article/BT-CO-20120105-712141.html
Traders and analysts estimated that oil prices currently include a $5 to $10 premium on uncertainty over the Iran issue. Kyle Cooper, managing partner at IAF Energy Advisors in Houston, said that will continue to underpin U.S. prices near $100, even in the face of "horrific" U.S. demand data.
"The demand picture is dismal" in the U.S., Cooper said. "But from a trading standpoint, it is very difficult to be short," or take a market position that assumes a decline in prices. "
Fact is oil companies don't have much control over world reserves, Most Middle East govt's own the reserves same with Mexico or Venuzuala China and so on
http://en.wikipedia.org/wiki/Nationalization_of_oil_supplies
The nationalisation of oil supplies refers to the process of deprivatization of oil production operations, generally in the purpose of obtaining more revenue from oil for oil producing countries. This process, which should not be confused with restrictions on crude oil exports, represents a significant turning point in the development of oil policy. Nationalization eliminates the concession systemin which private international companies control oil resources within oil-producing countriesand allows oil-producing countries to regain control. Once these countries become the sole owners of their resources, they have to decide how to maximize the net present value of their known stock of oil in the ground
The US only has production of about 1/8 of world production, consumes about 1/4
Do you not see the problem? You Bitch and moan about the prices but there is NOTHING to be done about it short of getting demand down to 10 mbpd because then its not a billion $ draining out of the economy everyday. Problem with that is cheap energy grows the economy and its relationship to GDP is well documented, more oil greater GDP
Why did Nigeria stop the subsidies on their domestic fuel? because its very expensive
http://news.ninemsn.com.au/world/8400183/nigeria-braces-for-fuel-strikes
"Economists say removing fuel subsidies was vital to allow the country to improve its woefully inadequate infrastructure and ease pressure on its foreign reserves"
You go on and on about how the tail wags the dog it isn't that way, you have to pay the market price or have a rich enough economy to subsidize it. DOUBLE bold this maybe it will sink in
