Saudi Arabia, even with the lowest estimates of oil (~136 billion barrels) can produce much oil for the next 30 years. We are in a more precarious position. We import oil, gas and soon coal (despite reserves, production is being outstripped by demand). Ethanol is not a fully viable alternative; we would need to plant 50-75% of all the land, not just arable, to replace gasoline usage in the US transportation grid. That leaves precious little to eat doesn't it?
Bush Presses Saudis to Produce More Oil
http://abcnews.go.com/Politics/wireStory?id=700832
Yeah...that'll fix it. Let's ignore the weak dollar, increase demand for oil (no alternative energies being mass-produced), and our limited refining capacity. Just open the spigots a bit more and make the Saudis (the Propagandists butt-buddies in oil) even richer.
What a grand idea.
:roll:
http://abcnews.go.com/Politics/wireStory?id=700832
Yeah...that'll fix it. Let's ignore the weak dollar, increase demand for oil (no alternative energies being mass-produced), and our limited refining capacity. Just open the spigots a bit more and make the Saudis (the Propagandists butt-buddies in oil) even richer.
What a grand idea.
:roll:
3 Major U.S. Refineries shut down.
Latest excuse to drive Gas and Oil prices up.
Riddle me this P&N experts.
Oil Barons swear there is enough supply of Oil.
What does the lack of U.S. Refinery capacity have to do with driving Oil prices highest ever then???
Latest excuse to drive Gas and Oil prices up.
Riddle me this P&N experts.
Oil Barons swear there is enough supply of Oil.
What does the lack of U.S. Refinery capacity have to do with driving Oil prices highest ever then???
While there is a glut of excess oil in the markets, it is mainly of the heavy stuff and medium crude. Traditionally, heavy oil has been used for mainly two things. Tires and asphalt. Few refineries exist to take care of heavy crude and especially sour, heavy crude. You can buy heavy crude for about 3-10 dollars. It is the light crude that is in short supply. Light crude is the crude that is mainly responsible for plastics, pharmaceuticals, gasoline and the other petrochemicals. Medium and heavy crude are less useful right now. I think there are only 3 refineries in the entire US that is capable of cracking heavy crude and sequesting the SOx particulates.
So that must be it.
We have no way to process the vast Oil "Heavy" Oil glut.
What number excuse is this one, I've lost count.
Saudis tell him tough luck
No extra oil as Saudis cite full capacity
http://www.abc.net.au/worldtoday/content/2005/s1353684.htm
So, the whole Saudi trip to Crawford was a dog-and-pony show about gas prices but was really about the Propagandist getting further into bed with them by moving to give them WTO membership.
Beautiful.
JOHN SHOVELAN: If necessary, Saudi Arabia would eventually develop a capacity of 15 million barrels per day.
Heavily reliant on Saudi oil, the relationship between the US and the kingdom is now a prickly one, particularly since the 9-11 attacks.
15 of the 19 hijackers were Saudi and their leader, Osama bin Laden, is also a Saudi.
John Shovelan, Washington.
============================================
Somebody needs to educate this idiot Journalist.
He clearly has his facts all wrong.
Saddam was the leader and orchestrated the 9-11 attack and it was Iraq not Saudi Arabia responsible.
$0.30 jump in gas prices just in the last few hours here.
Some places were down to $1.99 and they are all now at $2.29.
Some places were down to $1.99 and they are all now at $2.29.
Last time I heard most of valeros refineries can crack the sour stuff and they just purchased pemco which also has refinaries with can process everything. Valero now has 19 refineries.
glenn1
Lifer
- Sep 6, 2000
- 25,383
- 1,013
- 126
To answer your first question, this is normal. Refineries normally take downtime during the shoulder seasons (spring/fall) for maintainence and to refit for more gasoline production and less heating oil production, or vice versa.
And lack of refinery capacity affects oil prices because automobiles don't run on crude oil. A refinery has to turn that crude into gasoline.
You are probably right. But here in the US, I BELIEVE/THINK we have only 3 that are capable. Asia is the world capital for refining.
Because high prices have no effect on you, only us lowly people.
That simple question is the perfect example of the Rich Republican train of thought.
They are for "me" only, screw the rest.
Oh wait...nevermind. Our inventories are fine after all!!
http://biz.yahoo.com/ap/050427/oil_prices.html?.v=13
Flip-flop, flip-flop, flip-flop.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
LOL....the gas fliped back up $0.32 in Lexington today - back from $1.93 to $2.25. Not suprising, considering that Lexington ALWAYS raises their prices to the national average the day after the average is released (released on Monday at $2.24 per gallon - Lexington beat it by a penny :roll: )
*sigh*
Wow a 32 cent jump. The Justice Dept should be looking into this for Anti-Trust and Price Fixing.
Supposedly Gas at the pump is supposed to be based on the price of the last delivery truck.
Can hardly believe the next truck for every Station in Kentucky was 32 cents higher a gallon.
The news is claiming the jump is due to Ky Derby festivities.
Yeah...right.
Well, oil is below $53/bbl...we'll see a $0.30 drop by tomorrow.
:laugh:
Yeah...right.
Well, oil is below $53/bbl...we'll see a $0.30 drop by tomorrow.
:laugh:
Guess the Derby doesn't classify as a Hurricane.
Is the Derby on an approved list by the FTC and Justice Dept to price gouge???
Did anyone explain why? (price gouging)
And why we hear that no one looking into this?
Well, seems GW Bush appointed a chevron texco lobbyist to the FTC (remember???)
Sooooo, no concern from the FTC. You wont see them looking into price gouging this time!
So when you fill up, @ $3 - $4 a gal and $50- $80 a wack, think of old GW and this FTC appointment.
:thumbsup:
And why we hear that no one looking into this?
Well, seems GW Bush appointed a chevron texco lobbyist to the FTC (remember???)
Sooooo, no concern from the FTC. You wont see them looking into price gouging this time!
So when you fill up, @ $3 - $4 a gal and $50- $80 a wack, think of old GW and this FTC appointment.
:thumbsup:
Originally posted by: Deptacon
Originally posted by: dmcowen674
Ah beautiful, gotcha to admit the Oil/Haliburton connection between Bush & the Saudi's :thumbsup:
If production is so high, tons of supply, then why still the high Oil and Gas prices???
every politican has connections.....please.... like kerry was clean from soft money hahahahahahaha. Bush's familiy was in the oil business, and Haliburton isnt a oil company, they are a drilling/govt contracting company, and have been doing govt contract work for over 20 yrs, not just under bush. my Source, im currently preparing to work as a contractor for them.
Bush meeting, and the famuous GARDEN WALK ARM TWIST PICTURES. Bush oil connections give him more power to do something about oil prices then any dem so please. No immeditate promises, but higher increases over time then saudi's had planned
http://www.cnn.com/2005/US/04/25/bush.saudi/
http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS
http://www.npr.org/templates/story/story.php?storyId=4618022&sourceCode=RSS
your knowledge of the WORLD OIL market is obviously ZERO. OIL CONSUMPTION WORLD WIDE is going way up, while production isnt moving. It isnt so much our consumption, its china's. here are SOME LINKS, since you guys are link nazi's
http://www.asiantribune.com/show_news.php?id=13996
http://www.startribune.com/stories/535/5311910.html
http://www.iags.org/futureofoil.html
http://www.iags.org/china.htm
Bush oil connections give him more power to do something about oil prices then any dem so please.
So much for your Bush God has more connections to something about Oil prices.
Oil Prices Rebound Above $50 a Barrel Mark
The latest petroleum supply snapshot from the U.S. Department of Energy showed a 2.6 million barrel increase in crude oil last week, bringing the nation's inventories to 327 million barrels, or 9 percent above year ago levels.
The supply of gasoline grew by 2.2 million barrels to 213.5 million barrels, or 6 percent above year ago levels.
Oil analyst Tim Evans at IFR Energy Services in New York said there is plenty of crude oil and gasoline in the market,
and that traders and speculators are downplaying these supply-demand fundamentals.
He said what's keeping oil prices high is "a near-religious belief that although the market is not tight now, it will be later."
====================================================
Again in Bolded Black and White that it has NOTHING to do with SUPPLY and DEMAND, NOTHING
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