Oil & Gas thread:12-17-08 OPEC & non-members agree to largest reduction in history 7 percent

[dmcowen674]

Originally posted by: Engineer
Two hurricanes and two misses of the major oil platforms (and refineries) in the Gulf of Mexico area....yet both have caused gas to rise in Lexington, KY from $2.54 to $2.75 to $2.95 (with small drops between the $2.75 and $2.95 of about $0.06 cents). Wonder how long it will take to drop back now that the hurricanes have missed?

Driving season (summer) is over.....yet prices rising again.

Answered my own questions......fear....fear....fear (The McOwen effect! )

It's truly an amazing phenomenon, according to P&N Oil Co supporters I have more power on the market than Bush.

 

[Engineer]

Originally posted by: dmcowen674

Originally posted by: Engineer
Two hurricanes and two misses of the major oil platforms (and refineries) in the Gulf of Mexico area....yet both have caused gas to rise in Lexington, KY from $2.54 to $2.75 to $2.95 (with small drops between the $2.75 and $2.95 of about $0.06 cents). Wonder how long it will take to drop back now that the hurricanes have missed?

Driving season (summer) is over.....yet prices rising again.

Answered my own questions......fear....fear....fear (The McOwen effect! )

It's truly an amazing phenomenon, according to P&N Oil Co supporters I have more power on the market than Bush.

Ah Dave, Bush had nothing to do with this current spike. The market speculators (and fear drivers) took advantage of the situation and prevailed with higher prices with no actual harm done to the oil equipment (yet). I'm not saying that Bush's actions have not had an effect on oil as geopolitical concerns from the Middle East have definitely caused prices of oil and gasoline to reach the recent highs.

 

[TastesLikeChicken]

Originally posted by: Engineer

Originally posted by: dmcowen674

Originally posted by: Engineer
Two hurricanes and two misses of the major oil platforms (and refineries) in the Gulf of Mexico area....yet both have caused gas to rise in Lexington, KY from $2.54 to $2.75 to $2.95 (with small drops between the $2.75 and $2.95 of about $0.06 cents). Wonder how long it will take to drop back now that the hurricanes have missed?

Driving season (summer) is over.....yet prices rising again.

Answered my own questions......fear....fear....fear (The McOwen effect! )

It's truly an amazing phenomenon, according to P&N Oil Co supporters I have more power on the market than Bush.

Ah Dave, Bush had nothing to do with this current spike. The market speculators (and fear drivers) took advantage of the situation and prevailed with higher prices with no actual harm done to the oil equipment (yet). I'm not saying that Bush's actions have not had an effect on oil as geopolitical concerns from the Middle East have definitely caused prices of oil and gasoline to reach the recent highs.

No doubt geopolitical concerns in the ME have had an effect on oil prices. However, increased consumption both here in the US and places like China and India is also a very significant factor. Not to mention that gasoline supplies are tight because the eco-nuts do everything in their power to block the construction of new gas refineries. So we have make do with what we have and when our refineries are threatened the price of gas gets bid up since any downtime can put a crimp in the supply.

Get the eco-nuts to back down, build some more refinery capacity here in the US, and we won't have such market volatility every time a storm comes near the gulf.

 

[dmcowen674]

Originally posted by: TastesLikeChicken
Get the eco-nuts to back down, build some more refinery capacity here in the US, and we won't have such market volatility every time a storm comes near the gulf.

You haven't been here in a while.

This argument has not only been beat down by the left but also by the Oil Companies themselves.

Show me lefties stopping the build of new refineries.

You can't because there is no permits in by the Oil Companies.

They added capacity at the existing facilitates and have no intentions of building additional facilities.

The "volatility" is self inflicted, made up and punishes consumers for something that is not their fault.

It's not the fault of "eco-nuts" either.

Not even a good try.

 

[Pliablemoose]

Originally posted by: dmcowen674

Originally posted by: TastesLikeChicken
Get the eco-nuts to back down, build some more refinery capacity here in the US, and we won't have such market volatility every time a storm comes near the gulf.

You haven't been here in a while.

This argument has not only been beat down by the left but also by the Oil Companies themselves.

Show me lefties stopping the build of new refineries.

You can't because there is no permits in by the Oil Companies.

They added capacity at the existing facilitates and have no intentions of building additional facilities.

The "volatility" is self inflicted, made up and punishes consumers for something that is not their fault.

It's not the fault of "eco-nuts" either.

Not even a good try.

Holy crap Dave, you just went in 20 directions at once, and none of them are a logical argument, come on dude...

 

[TastesLikeChicken]

Originally posted by: dmcowen674

Originally posted by: TastesLikeChicken
Get the eco-nuts to back down, build some more refinery capacity here in the US, and we won't have such market volatility every time a storm comes near the gulf.

You haven't been here in a while.

This argument has not only been beat down by the left but also by the Oil Companies themselves.

Show me lefties stopping the build of new refineries.

You can't because there is no permits in by the Oil Companies.

They added capacity at the existing facilitates and have no intentions of building additional facilities.

The "volatility" is self inflicted, made up and punishes consumers for something that is not their fault.

It's not the fault of "eco-nuts" either.

Not even a good try.

Hey Dave. Read this.

http://www.corpwatch.org/article.php?id=12227

You'll love it. Really good stuff. It may even provide you with an entirely new path of paranoia to traipse merrily down.

Sorry for blowing all your claims out of the water so easily with one single article though.

 

[dmcowen674]

Originally posted by: TastesLikeChicken
Hey Dave. Read this.

http://www.corpwatch.org/article.php?id=12227

You'll love it. Really good stuff. It may even provide you with an entirely new path of paranoia to traipse merrily down.

Sorry for blowing all your claims out of the water so easily with one single article though.

From your own article:

Over the last quarter-century, the number of refineries in the United States dropped to 149, less than half the number in 1981.

Because companies have upgraded and expanded their aging operations, refining capacity during that time period shrank only 10 percent from its peak of 18.6 million barrels a day.

At the same time, gasoline consumption has risen by 45 percent.
==============================================
It's their own doing.

Now run along and play.

 

[EagleKeeper]

Many of those refineries had to be closed down because of safety, age, efficiency and politics.

Before you place the blame, research on why the other 150 closed over the past 25 years.

How many vehicles have you been through in that time? Equipment does not last forever.

 

[Pliablemoose]

Originally posted by: dmcowen674
Oil Company supporters please explain how this is American consumers fault

Dave I fail to understand the basic premise of your thread.

1.) Who on the board is an "Oil Company supporter"? Seriously, I'd like names please.

2.) Who says that increased prices are "American consumers" fault? (Do you mean US consumers of oil or everyone on the continent that uses petrochemicals?)

3.) Have you ever taken an economics class? The whole supply demand thing is pretty simple, perhaps there's a community college near you, hell, at community college costs, send me the tab for an Econ class & I'll reimburse you for it if you pull a "B" in it.

 

[Toastedlightly]

I for one like the supply and demand of the capitalistic system. Keep quality high and for the most part, prices low.

 

[dmcowen674]

Originally posted by: Toastedlightly
I for one like the supply and demand of the capitalistic system.

Keep quality high and for the most part, prices low.

and what does that have to do with gasoline?

 

[TastesLikeChicken]

Originally posted by: dmcowen674

Originally posted by: TastesLikeChicken
Hey Dave. Read this.

http://www.corpwatch.org/article.php?id=12227

You'll love it. Really good stuff. It may even provide you with an entirely new path of paranoia to traipse merrily down.

Sorry for blowing all your claims out of the water so easily with one single article though.

From your own article:

Over the last quarter-century, the number of refineries in the United States dropped to 149, less than half the number in 1981.

Because companies have upgraded and expanded their aging operations, refining capacity during that time period shrank only 10 percent from its peak of 18.6 million barrels a day.

At the same time, gasoline consumption has risen by 45 percent.
==============================================
It's their own doing.

Now run along and play.

You seem to have missed this quote:

"Meanwhile, the 1,400-acre site picked for the refinery, an old citrus grove near the Mexican border, remains empty, a sign of why the United States is now grappling with an acute shortage of plants that can refine the more than 20 million of barrels of crude oil that the country consumes every day.

The last refinery to be completed in the United States was in 1976, and Mr. McGinnis knows all too well that community and political opposition squashed earlier projects. His proposed refinery in Arizona has already been forced away from its original site near Phoenix, in 2003, after the state considered expanding the city's clean-air limits."

I know that comprehending the relationship between refinery production and market demand requires some math that goes beyond 1 + 1 = 2, Dave, and therefore may exceed your capcity for understanding. But you'd really being doing yourself a big favor by cracking down and concentrating real hard to try to figure this one out.

 

[FuzzyBee]

Originally posted by: FuzzyBee

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: piasabird
I dont know anyone on the side of Oil Companies.

What???

There are boatloads of them in here.

Unless of course you are paid to turn a blind eye.

Well, youre obviously paid to troll, so who knows, right?

Really? Show me an article describing this getting paid to troll.

Sure...as soon as you provide the article showing people paid to post on tech message boards showing oil companies in a positive light

I have in fact posted an article about paid shills to post on boards.

It should've been included in the sticky thread at the top about posting your own input.

If the letter of that rule was followed a huge portion of posters would be banned I'm sure.

How many of these exist on this board? How about naming them, along with posting evidence that you have stating that they are "paid shills".

BTW, is your gas there $5/gallon, Dave?

Still waiting on answers to all of these questions, Dave.

Surely you aren't the type to throw a whole bunch of crap against the wall to see what sticks, are you? :roll:

 

[dmcowen674]

An amazing thing has happened within the last month.

Notice the car commercials with cars all in the 30+ mpg range?

 

[Engineer]

Originally posted by: dmcowen674
An amazing thing has happened within the last month.

Notice the car commercials with cars all in the 30+ mpg range?

They're all gearing up right now because when the 08's arrive, they will have to place the new (and most of the time drastically lowered) EPA fuel ratings!

 

[Pliablemoose]

Originally posted by: dmcowen674

Originally posted by: Toastedlightly
I for one like the supply and demand of the capitalistic system.

Keep quality high and for the most part, prices low.

and what does that have to do with gasoline?

Only everything Dave, every single aspect of your life as a consumer is impacted by the supply/demand curve.

Life is considerably more complicated than finding all the bad news & posting it on an internet forum.

Well, maybe it isn't for some folk.

 

[FuzzyBee]

Originally posted by: FuzzyBee

Originally posted by: FuzzyBee

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: piasabird
I dont know anyone on the side of Oil Companies.

What???

There are boatloads of them in here.

Unless of course you are paid to turn a blind eye.

Well, youre obviously paid to troll, so who knows, right?

Really? Show me an article describing this getting paid to troll.

Sure...as soon as you provide the article showing people paid to post on tech message boards showing oil companies in a positive light

I have in fact posted an article about paid shills to post on boards.

It should've been included in the sticky thread at the top about posting your own input.

If the letter of that rule was followed a huge portion of posters would be banned I'm sure.

How many of these exist on this board? How about naming them, along with posting evidence that you have stating that they are "paid shills".

BTW, is your gas there $5/gallon, Dave?

Still waiting on answers to all of these questions, Dave.

Surely you aren't the type to throw a whole bunch of crap against the wall to see what sticks, are you? :roll:

Dave, surely a man of as many words as you can produce could come up with the answers to these questions, right?

I guess it's easier to blow smoke, though. What a hack.

 

[dmcowen674]

Well I am glad to see Texans having to pay for a change.

9-5-2007 Gas Prices rise ten cents overnight in Texas on news that hurricanes missed

Gas prices in East Texas were roughly ten cents a gallon higher today than they were yesterday, averaging about $2.75.

The worst part is, the trend may continue. "Preparing for the hurricane. The refineries are right there on the coast. That's where our gas comes in from," Kym Jarman, Pal's Assistant Manager explained.

The preparations seem extreme to East Texans.

They're not ready to pay a high price for something that hasn't even happened.

"I don't think it should effect anything unless it does wipe out the oil wells in the gulf then maybe have to jump up the gas prices.

If it's not damaging them why should they jump up the gas prices," Steven Kelley, Lufkin resident says.

========================================================
9-5-2007 Ohio Gas Prices Up over $3 Again!!!

Gas prices have gone back up above three dollars a gallon all around the state.

Throughout the Zanesville area prices are averaging $3.09 a gallon.

Motorists say despite the high prices they still have to purchase gas to get around town.

 

[Pliablemoose]

Originally posted by: dmcowen674
Well I am glad to see Texans having to pay for a change.

Dave, on behalf of all Texans, I'd like to say thanks for that.

 

[dmcowen674]

Originally posted by: Pliablemoose

Originally posted by: dmcowen674
Well I am glad to see Texans having to pay for a change.

Dave, on behalf of all Texans, I'd like to say thanks for that.

You're welcome

Texans always brag how things are bigger in Texas.

You guys should've been paying at least twice the price all along.

 

[Pliablemoose]

Originally posted by: dmcowen674

Originally posted by: Pliablemoose

Originally posted by: dmcowen674
Well I am glad to see Texans having to pay for a change.

Dave, on behalf of all Texans, I'd like to say thanks for that.

You're welcome

Texans always brag how things are bigger in Texas.

You guys should've been paying at least twice the price all along.

Dave, with all sincerity, Stop Posting this crap.

Seriously, look at your thread ratings, consistently the lowest on the board.

Perhaps it's time you started your own forums.

 

[dmcowen674]

Originally posted by: Pliablemoose

Dave, with all sincerity, Stop Posting this crap.

Seriously, look at your thread ratings, consistently the lowest on the board.

Perhaps it's time you started your own forums.

Low ratings have not affected the President of the United States.

 

[Pliablemoose]

Originally posted by: dmcowen674

Originally posted by: Pliablemoose

Dave, with all sincerity, Stop Posting this crap.

Seriously, look at your thread ratings, consistently the lowest on the board.

Perhaps it's time you started your own forums.

Low ratings have not affected the President of the United States.

Ok, to follow your logic, because we have an unpopular president at the moment, you should get a free pass for posting this treacle?

Your threads are an attempt to post something like Dullard's thread on housing, but you spin everything and people get tired of it.

Look at how highly Dullard's thread is rated (4 stars), it's informative, doesn't have a nut job spin and it contains bad news.

 

[dmcowen674]

Originally posted by: Pliablemoose

Originally posted by: dmcowen674

Originally posted by: Pliablemoose

Dave, with all sincerity, Stop Posting this crap.

Seriously, look at your thread ratings, consistently the lowest on the board.

Perhaps it's time you started your own forums.

Low ratings have not affected the President of the United States.

Ok, to follow your logic, because we have an unpopular president at the moment, you should get a free pass for posting this treacle?

Your threads are an attempt to post something like Dullard's thread on housing, but you spin everything and people get tired of it.

Look at how highly Dullard's thread is rated (4 stars), it's informative, doesn't have a nut job spin and it contains bad news.

I've been instructed to not respond to your kind of posts.

I defer you to the bottom of my sig...

 

[dmcowen674]

9-7-2007 Oil prices rise on 9/11 Terror attack fears

Prices were also supported by news that the U.S. embassy in Nigeria warned that American and other Western interests in the country are at risk of a terrorist attack.

Energy futures on Thursday also rose after Syrian armed forces said they opened fire on Israeli fighters that allegedly violated Syrian airspace, analysts said.

Oil traders worry that any conflict in the Middle East will escalate, drawing the U.S. in and disrupting oil supplies.
====================================================
Fear, Fear,Fear, Fear,Fear, Fear,Fear, Fear,Fear, Fear,Fear, Fear,Fear, Fear