Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[dmcowen674]

Originally Posted by Londo_Jowo
Great, this should help keep oil prices down. Also it's nice to know that Chevron will move forward with these platforms and require equipment that may be coming from the company for whom I work. Installation, commissioning, and future services make for good money.

My God man, how can you sleep at night?

Especially being so open with lying like that.

"Great, this should help keep oil prices down".

Must be the same as like Blood Diamonds, apparently making tons of ill gotten money over rides the rape and pillaging of a Nation.

 

[Doppel]

Especially being so open with lying like that.

"Great, this should help keep oil prices down".

Must be the same as like Blood Diamonds, apparently making tons of ill gotten money over rides the rape and pillaging of a Nation.

Yeah, it's just like Blood Diamonds.

Londo has an army of boy soldiers he's created by having them rape their own mothers at gun point, then murder their fathers, and now he runs around the country side growing the ranks of his army with more of the same.

 

[dmcowen674]

2-28-2013

http://seekingalpha.com/article/1234981-u-s-production-of-crude-oil-surges?source=yahoo

U.S. Production Of Crude Oil Surges



U.S. crude oil production is up 22% in the past year, and has risen by an astounding 34% in the past four years.


Along with the rise in crude oil production that started in 2008 has come a virtual gusher of natural gas, which in turn has resulted in a huge decline in natural gas prices.



======================================================
34% increase in domestic oil yet Americans paying more for gas than ever.

 

[Engineer]

Gas dropped from $3.89 to $3.77 today in Lexington. We will see how long that lasts and which way it goes from here. I suspect it to trickle down just a little bit more and then start up for the Spring/Summer.

By the way, I'm not so sure it is gas that we should be worried about as much as groceries. I can't believe how fast and how much things are rising at the grocery stores (I guess fuel factors into that). Anyone who says that we don't have big time inflation (at least on the food level) is full of shit.

(and yes, I do the shopping in my house so I see it).

 

[Londo_Jowo]

Originally Posted by Londo_Jowo
Great, this should help keep oil prices down. Also it's nice to know that Chevron will move forward with these platforms and require equipment that may be coming from the company for whom I work. Installation, commissioning, and future services make for good money.




Especially being so open with lying like that.

"Great, this should help keep oil prices down".

Must be the same as like Blood Diamonds, apparently making tons of ill gotten money over rides the rape and pillaging of a Nation.

LMAO!!!!! Poor McOwned has to resort to personal attacks. I will sleep well tonight knowing how my comments cause you to be a butthurt baby.

 

[Born2bwire]

Yeah, it's just like Blood Diamonds.

Londo has an army of boy soldiers he's created by having them rape their own mothers at gun point, then murder their fathers, and now he runs around the country side growing the ranks of his army with more of the same.

How else do you explain how they are so incompetent at running things?

 

[WhipperSnapper]

By the way, I'm not so sure it is gas that we should be worried about as much as groceries. I can't believe how fast and how much things are rising at the grocery stores (I guess fuel factors into that).

It isn't merely price increases, but also quantity decreases (aka the "grocery shrinkray"). Do you remember when the standard size for ice cream was a half-gallon? Now it's 25% smaller, down to 1.5 qts.

 

[dmcowen674]

It isn't merely price increases, but also quantity decreases (aka the "grocery shrinkray"). Do you remember when the standard size for ice cream was a half-gallon? Now it's 25% smaller, down to 1.5 qts.

I can see them calling a cone a half gallon soon.

 

[Doppel]

How else do you explain how they are so incompetent at running things?

Careful, mcowened already went full retard, you don't want to follow in his path because

 

[Londo_Jowo]

I can see them calling a cone a half gallon soon.

You always go full on retard. Please note they show the size of 1.5 quart and do not try to call it a half gallon.

 

[OverVolt]

You always go full on retard. Please note they show the size of 1.5 quart and do not try to call it a half gallon.

Isn't that a half gallon container?

:awe:

 

[MagickMan]

It says it's a 1.5 gallon container.

Want a real half gallon? Get it at Baskin-Robbins (and it's better ice cream too).

 

[Engineer]

It isn't merely price increases, but also quantity decreases (aka the "grocery shrinkray"). Do you remember when the standard size for ice cream was a half-gallon? Now it's 25% smaller, down to 1.5 qts.

Go look at Walmart's toilet paper selection. Not only have the cardboard holder increased in diameter, the size of the roll has decreased dramatically as well as "loose" wound.

I agree on your points. EVERYTHING in the grocery store has gone up and nearly everything has decreased in size. Many of my recipes call for certain, standard size packages....which are now smaller.

The former half gallon orange juice is now 56 oz. It's getting to the point that I would rather companies raise the price more and keep the size the same. It's almost beyond ridiculous with some of the sizes that are now "standard".

 

[OverVolt]

Go look at Walmart's toilet paper selection. Not only have the cardboard holder increased in diameter, the size of the roll has decreased dramatically as well as "loose" wound.

I agree on your points. EVERYTHING in the grocery store has gone up and nearly everything has decreased in size. Many of my recipes call for certain, standard size packages....which are now smaller.

The former half gallon orange juice is now 56 oz. It's getting to the point that I would rather companies raise the price more and keep the size the same. It's almost beyond ridiculous with some of the sizes that are now "standard".

1st world poverty man.

We are following the Japanese trend. In 30-40 years this will be an "apartment"
http://www.dailymail.co.uk/news/art...fin-apartments-Tokyo-cost-400-month-rent.html

If it looks like just a bed, thats because the apartments are basically just a bed with no standing room.

"Pizza delivery, Apartment E" lulz.

 

[DucatiMonster696]

Go look at Walmart's toilet paper selection. Not only have the cardboard holder increased in diameter, the size of the roll has decreased dramatically as well as "loose" wound.

I agree on your points. EVERYTHING in the grocery store has gone up and nearly everything has decreased in size. Many of my recipes call for certain, standard size packages....which are now smaller.

The former half gallon orange juice is now 56 oz. It's getting to the point that I would rather companies raise the price more and keep the size the same. It's almost beyond ridiculous with some of the sizes that are now "standard".

If they raise prices this would not make it any different in terms of what you receive however it would demonstrate the effects of what currency devaluation does to your purchasing power. Rather than having it stealthy hidden by a decline in the quality and quantity of goods and services you can afford at the same price point as in the past.

However in the end producers want you to be able to afford their goods and if they have to pay more to produce less because their money is worth less then that means you get smaller portions for the same price as a result. It is easier for them to sell their goods by reducing the quantity and quality of a item than to be the first one on the block to jack up prices which will just make you equally as upset faster and force you to shop elsewhere.

 

[DucatiMonster696]

1st world poverty man.

We are following the Japanese trend. In 30-40 years this will be an "apartment"
http://www.dailymail.co.uk/news/art...fin-apartments-Tokyo-cost-400-month-rent.html

If it looks like just a bed, thats because the apartments are basically just a bed with no standing room.

"Pizza delivery, Apartment E" lulz.

Japan is going to get it's shit kicked in economically for initiating a currency war that has them racing to the bottom with its attempt to revive their economy at the expense of their currency.

It is a war which Japan cannot sustain or win in the end as they just do not have the demographics for such a prolong economic war due to their aging population, slow but steady negative population growth and limited natural resources.

However to be fair space has always been at a premium in Japan due to the fact that only approximately 18% of their land mass is suitable for humans to live on and only 11% is arable.

 

[dmcowen674]

3-1-2013

http://finance.yahoo.com/news/arizona-average-gasoline-prices-reach-153526253.html


Arizona average gasoline prices reach 5-month high



Ariz.'s average gasoline price at $3.74 per gallon; Up by more than 11 cents from last week



Officials with Triple-A Arizona said Thursday that the average statewide price for unleaded regular gasoline is $3.74 a gallon. That's more than 11 cents higher than last week and a rise of 56 cents since January.



Triple-A analysts say refinery maintenance and the higher cost of crude oil have kept gasoline prices high so far this year.


Wyoming has the lowest average gas prices in the continental U.S. at $3.28 a gallon with California having the highest at $4.23 a gallon.

 

[dmcowen674]

3-1-2013

http://seekingalpha.com/article/124...w-about-u-s-oil-and-gas-is-wrong?source=yahoo

Everything You Know About U.S. Oil And Gas Is Wrong



Take this from Jim Hamilton who is known to the blogosphere and is obviously brilliant and well informed.




Wedged in between my attempts to meet actual professional commitments I have been trying to get a handle on what the Shale Oil and Gas revolution means for the U.S.



There are so many takes, almost everyone is pushing an agenda and those who don’t speak and write in a petrol-head jargon that makes economic analysis read like Hemingway.

Are we really headed for Saudi America?

Are the Extraction Analysts right that this is bigger than anything anyone has ever seen?

Are the Peak-Oil-Pessimists right, that this is just a minor blip?

Now, to use the ethane coming out of the ground it would have to be refined into ethanol and indeed there are refiners who do this. However, they do not sell the ethanol into the gasoline supply because it is illegal to do so.


Though no one admits as much even a mild cynic might suspect that it is illegal because ethane-to-ethanol is cheaper than corn-to-ethanol, and much cheaper as ethane prices collapse. Ethane-to-ethanol would also reduce the feedstock for ethane-to-ethylene that the Petrochemical industry uses. This is just one example of the knots in the hydrocarbon web.


Another particular example that shows how knotty this is, is that much of what is coming out of the ground in Eagle Ford is pentane. It can be called: lease-condensate, ultra-light crude, naphtha or natural gasoline, depending on who is naming it.

Since its very close to the gasoline we use it, it would seem like a great resource.

It so close to gasoline, that you can do this with a set-up that is easier than brewing your own beer – and probably better tasting. Though the output here is not always “strictly legal.”

However, at current, it's something of a headache because a refinery can only output so much of a given product at a time. If too much naphtha is coming out of the crude stream then the whole stream has to be slowed down.

A refinery is designed to run 24-hours a day to make up for capital costs and so slowdowns can be outrageously expensive. Hence, the gasoline like crude is selling for a discount and some folks are reportedly refining it in the field.

I hope to get more insight on what the likely ways forward are going to be, but as it stands no one seems to be offering a complete big picture.

===================================================
It's because you are being scammed Jim on a huge Worldwide scale.

 

[Engineer]

If they raise prices this would not make it any different in terms of what you receive however it would demonstrate the effects of what currency devaluation does to your purchasing power. Rather than having it stealthy hidden by a decline in the quality and quantity of goods and services you can afford at the same price point as in the past.

However in the end producers want you to be able to afford their goods and if they have to pay more to produce less because their money is worth less then that means you get smaller portions for the same price as a result. It is easier for them to sell their goods by reducing the quantity and quality of a item than to be the first one on the block to jack up prices which will just make you equally as upset faster and force you to shop elsewhere.

There is a point in size/quality that it does matter. I'll try to post a photo of the new "standard size" toilet paper from Walmart as an example. It has shrunk in all dimensions (including width of the toilet paper). Might as well wipe your ass on the dollar bills as it would get better coverage.

Snack size works for foods...it does not for toilet paper (and many other things).

 

[dmcowen674]

3-2-2013

http://finance.yahoo.com/news/the-10-states-with-the-cheapest-gas-174623971.html

The 10 States with the Cheapest Gas



Since the start of the year, gasoline prices have risen by more than 49 cents — the biggest increase in the first two months of any year on record.


Already, gas prices in four states are at least $4.00 a gallon, and in another three states they are just 10 cents away. There are, of course, other states where the price of gas remains closer to $3.00 a gallon than $4.00 a gallon, despite the recent massive increase in prices.




10. Tennessee

> Price/gallon: $3.62 (tied for 9th)
> Population: 6.5 million (17th highest)
> Gas taxes per gallon: 39.8 cents (15th lowest)
> Cost to fill F-150: $94.17
> Operating refineries: 1 (tied-23rd highest)

Just as they did across the country, gas prices in Tennessee have climbed sharply in the past month, rising from $3.18 per gallon to $3.62 per gallon.

The relative lower gas prices when compared to other states provide some relief to Tennessee residents who have lower incomes than residents living in most of the country. The state’s median household income in 2011 was $41,693, the sixth lowest in the country and nearly $9,000 lower than the national median. With gas prices clearly a key factor, the state had the third-lowest cost of transportation of all states in the fourth quarter of 2012.

9. Oklahoma

> Price/gallon: $3.62 (tied for 9th)
> Population: 3.8 million (23rd lowest)
> Gas taxes per gallon: 35.4 cents (5th lowest)
> Cost to fill F-150: $94.17
> Operating refineries: 5 (tied for 6th highest)

Oklahoma is one of the nation’s largest oil producers. The state has five operating oil refineries and can produce nearly 509,000 barrels of oil a day

8. Missouri

> Price/gallon: $3.61
> Population: 6.0 million (18th highest)
> Gas taxes per gallon: 35.7 cents (6th lowest)
> Cost to fill F-150: $93.73
> Operating refineries: 0

7. South Carolina

> Price/gallon: $3.60
> Population: 4.7 million (24th highest)
> Gas taxes per gallon: 35.2 cents (4th lowest)
> Cost to fill F-150: $93.57
> Operating refineries: 0

6. Colorado

> Price/gallon: $3.59
> Population: 5.2 million (22nd highest)
> Gas taxes per gallon: 40.4 cents (17th lowest)
> Cost to fill F-150: $93.39
> Operating refineries: 2 (tied for 17th highest)

5. New Mexico

> Price/gallon: $3.49
> Population: 2.1 million (15th lowest)
> Gas taxes per gallon: 37.3 cents (8th lowest)
> Cost to fill F-150: $90.64
> Operating refineries: 2 (tied for 17th highest)

4. Idaho

> Price/gallon: $3.45
> Population: 1.6 million (12th lowest)
> Gas taxes per gallon: 43.4 cents (25th lowest)
> Cost to fill F-150: $89.75
> Operating refineries: 0

3. Utah

> Price/gallon: $3.43
> Population: 2.9 million (17th lowest)
> Gas taxes per gallon: 42.9 cents (24th lowest)
> Cost to fill F-150: $89.13
> Operating refineries: 5 (tied for 6th highest)


The state did not always have cheap gas prices. As recently as November 2012, Utah actually had far higher gas prices than the national average. According to the EIA, the state’s five refineries primarily process crude oil from many of the other states on this list and from Canada. Last year marked the completion of a pipeline that now transports gasoline from Wood’s Cross, Utah, to Las Vegas.

2. Montana

> Price/gallon: $3.28
> Population: 1.0 million (7th lowest)
> Gas taxes: 46.2 cents (22nd highest)
> Cost to fill F-150: $85.23
> Operating refineries: 4 (tied for 9th highest)

Montana’s low gas prices cannot be attributed to low taxes since taxes are higher than the majority of states. Rather, the state’s prices are a result of the availability of its own oil resources and its proximity to other oil producing areas in the U.S. and Canada. Canadian crude oil is available for a lower price in the area and the eastern part of Montana — along with western North Dakota — is part of the Bakken Shale, which has been opened up to more extensive drilling in recent years.

1. Wyoming

> Price/gallon: $3.27
> Population: 576,000 (the lowest)
> Gas taxes: 32.4 cents (2nd lowest)
> Cost to fill F-150: $85.07
> Operating refineries: 6 (tied for 4th highest)

Wyoming’s oil deposits and multiple oil refineries have consistently helped lower gas prices in the state enough that they have been the cheapest in the country for some time now. Although prices currently remain the lowest in the U.S., Wyoming previously held that distinction more firmly than it does now. Last month, gas prices were just $2.84 a gallon — 12 cents less than the next-lowest state. Total gas taxes in the state are just 32.4 cents a gallon, lower than any other state except Alaska. The lower gas prices have also helped make Wyoming the most affordable state in terms of transportation.

 

[allisolm]

Prices in Tallahassee down about 15 cents in the last week or so. High near me was 3.85 - now 3.69.

 

[Lanyap]

China Is Why Gas Prices Are Going Up And Heading Much Higher

Those CHinese hackers need to get into the financial systems and pull the prices down.

It's obvious that the biggest factor to oil prices are the speculators. They took over this market years ago and they control it.

 

[Londo_Jowo]

It appears that gas prices are trending lower in most states at this time.

http://www.texasgasprices.com/Prices_Nationally.aspx

 

[DucatiMonster696]

There is a point in size/quality that it does matter. I'll try to post a photo of the new "standard size" toilet paper from Walmart as an example. It has shrunk in all dimensions (including width of the toilet paper). Might as well wipe your ass on the dollar bills as it would get better coverage.

Snack size works for foods...it does not for toilet paper (and many other things).

You're right but only up to a point where it matters to the majority of their customers. So long as they can keep the overall mass volume of goods moving off their shelves for less quantity or a lower quality then trend will continue before they decide to raise prices which is the main point I am making. Thus the effects of currency devaluation are first felt when the goods and services of a economy are seen to decline in quantity and/or quality way before prices begin to rise.

 

[dmcowen674]

If the Australians can manage to keep the ilk of the likes like Jowo and Lopped away maybe they have a shot, otherwise they will continue to get raped like Americans by the Oil Thugs

3-3-2013

http://seekingalpha.com/article/124...outh-australia-be-a-game-changer?source=yahoo

Could The Oil Discovery In South Australia Be A Game Changer?



Oil is not called black gold for nothing. Oil runs the world right now, and has done so for over 100 years.


The "top" numbers quoted by Linc Energy's two consultants on the project, 1-DeGolyer and MacNaughton and 2-Gustavson Associates, LLC range from 103 to 233 billion barrels of oil or almost 20 $Trillion in today's dollars.


Big oil already is making a footprint in the Australian offshore as well as Australia's own BHP Billiton (BHP). If the Linc claim is anywhere near the numbers quoted, it is only a matter of time before big oil gets involved, and that usually means a rich partner for the juniors or outright takeovers of these companies and their resources.


I will be betting on the latter as this story unfolds. It will be interesting to see which one is circling around Linc Oil, or any of the juniors and mid tiers with stakes down under. I think this is just the start of the next energy boom.