Yet Another Gas Thread

[imported_Lothar]

Already updated for the summer season.
I've already added VLO and NOV to my mom's portfolio since last week friday afternoon.
I even went as far as buying a solar power company this tuesday.

I considered TSO over VLO, but I think TSO has had it's run already.

 

[Zap]

Originally posted by: iversonyin
there's always someone who complain when gas price shoot up to $3/gallon.

Haha, I haven't complained since I moved away from SoCal. If I feel gas prices are high, I'll just call up family/friends in CA and ask what they pay (usually $0.20-0.40 more/gal), and then I feel better.

It's always funny to hear complainers who drive gas guzzlers too.

 

[gsethi]

$3 is low end here in CA nowadays. its more like ~3.20-3.30 for 87. 91 costs me ~3.50. Waiting for the summer to start so that we can hit $4 mark here (for 91, i see it happening this summer).

I am not complaining though......some people will complain for a day (perhaps a week) and get used to it. Remember on how last year, we were all complaining about $3 ? This year, we will be complaining about $4 and then get used to it and then again start to complain about $5 next year and so on..

 

[PAB]

Originally posted by: Lothar
Already updated for the summer season.
I've already added VLO and NOV to my mom's portfolio since last week friday afternoon.
I even went as far as buying a solar power company this tuesday.

I considered TSO over VLO, but I think TSO has had it's run already.

VLO is one of the larger refiners, and they stand to have greater refining margins in a high oil price enviroment. NOV is a solid play. I own it. They're a very strong company with broad product lines in drilling. They make everything from the christmas tree to the blowout preventers. I like them. RIG is also a good play as well.

 

[Strk]

Blame China

 

[imported_Lothar]

Originally posted by: PAB

Originally posted by: Lothar
Already updated for the summer season.
I've already added VLO and NOV to my mom's portfolio since last week friday afternoon.
I even went as far as buying a solar power company this tuesday.

I considered TSO over VLO, but I think TSO has had it's run already.

VLO is one of the larger refiners, and they stand to have greater refining margins in a high oil price enviroment. NOV is a solid play. I own it. They're a very strong company with broad product lines in drilling. They make everything from the christmas tree to the blowout preventers. I like them. RIG is also a good play as well.

VLO didn't perform well compared to their competitors last summer, but I have faith in them.

RIG? Nah...I think VLO, NOV, and DLSL are good enough to represent the entire energy field. No need to go energy crazy and then something bad happens.

I considered TSO, SLB, SPWR, ESLR, FSLR, and ASTI as well for energy.
HAL is pretty much junk now compared to SLB.
I tend to stay away from BP, XOM, Shell, Chevron, PetroChina, and all other major players (although BP has great valuation and is the only one I'd consider picking if I were to pick among that category)

 

[akshatp]

Stop complaining. I just got back from two weeks vacation in England where I was filling up to the tune of $8/gallon. I was only driving around in a 1.8L VW Golf and I can safely say that my biggest expense on the trip besides food was GAS!!!!!

I am glad to pay $2.50 a gallon back here in NJ.

 

[iversonyin]

Originally posted by: eos

Originally posted by: iversonyin

Originally posted by: veggz
If the price inflation isn't artificial why would oil company stock prices necessarily rise?

Supply and demand...driving season = more demand for gas. I believe we haven't build a refiner for quite some time so our capacity to produce gasoline is capped. Capped supply + increase demand = price increase. And oil companies buy and sell these things at market price. Or they hedge using futures/forward contracts.

Really? REALLY?

Demand in my area went up 6% in one day? I have never been adequately explained the supply & demand that a lot of people say is the reason for higher prices. It all seems like voodoo to me.

No one is having trouble buying fuel are they? Are there shortages now that "demand is up"?

I'm seriously.

You obviously haven't been paying attention to anything that related to oil. Too much WoW?

Refiners shut down some of their refineries to prepare to crank them up for summer driving season. Capacity utilization fell below 90%...hence the built in crude inventories...hence the 6-10% jump in gasoline price. It's not just your local and regional demand..its also the world's demand.

As a friendly reminder, the Chinese economy is going to grow at high single digit- I mean you would think they would need some oil and gas? And our economy is growing at 2%. 4.5% unemployment rate in our country. What does all these mean? Low employment = more consumer spending = we buy more crap that come out of China = they need gas.

But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer. We haven't build a new refinery since god know when. Blame the government.

 

[iversonyin]

Originally posted by: Lothar

Originally posted by: PAB

Originally posted by: Lothar
Already updated for the summer season.
I've already added VLO and NOV to my mom's portfolio since last week friday afternoon.
I even went as far as buying a solar power company this tuesday.

I considered TSO over VLO, but I think TSO has had it's run already.

VLO is one of the larger refiners, and they stand to have greater refining margins in a high oil price enviroment. NOV is a solid play. I own it. They're a very strong company with broad product lines in drilling. They make everything from the christmas tree to the blowout preventers. I like them. RIG is also a good play as well.

VLO didn't perform well compared to their competitors last summer, but I have faith in them.

RIG? Nah...I think VLO, NOV, and DLSL are good enough to represent the entire energy field. No need to go energy crazy and then something bad happens.

I considered TSO, SLB, SPWR, ESLR, FSLR, and ASTI as well for energy.
HAL is pretty much junk now compared to SLB.
I tend to stay away from BP, XOM, Shell, Chevron, PetroChina, and all other major players (although BP has great valuation and is the only one I'd consider picking if I were to pick among that category)

I think Chevron is a safer bet. They are the west coast's part of the former the Standard Oil. And California is where they sell gas 25-30% above nation's average. W00t?!

 

[dmcowen674]

Originally posted by: akshatp
Stop complaining.

I just got back from two weeks vacation in England where I was filling up to the tune of $8/gallon.

I was only driving around in a 1.8L VW Golf and I can safely say that my biggest expense on the trip besides food was GAS!!!!!

I am glad to pay $2.50 a gallon back here in NJ.

Were Brits happy to be paying $8?

 

[dmcowen674]

Originally posted by: iversonyin
But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer.

We haven't build a new refinery since god know when. Blame the government.

How many years have they had to "prepare" for summer?

Why reward them for complete incompetence???

 

[imported_Lothar]

Originally posted by: iversonyin

Originally posted by: Lothar

Originally posted by: PAB

Originally posted by: Lothar
Already updated for the summer season.
I've already added VLO and NOV to my mom's portfolio since last week friday afternoon.
I even went as far as buying a solar power company this tuesday.

I considered TSO over VLO, but I think TSO has had it's run already.

VLO is one of the larger refiners, and they stand to have greater refining margins in a high oil price enviroment. NOV is a solid play. I own it. They're a very strong company with broad product lines in drilling. They make everything from the christmas tree to the blowout preventers. I like them. RIG is also a good play as well.

VLO didn't perform well compared to their competitors last summer, but I have faith in them.

RIG? Nah...I think VLO, NOV, and DLSL are good enough to represent the entire energy field. No need to go energy crazy and then something bad happens.

I considered TSO, SLB, SPWR, ESLR, FSLR, and ASTI as well for energy.
HAL is pretty much junk now compared to SLB.
I tend to stay away from BP, XOM, Shell, Chevron, PetroChina, and all other major players (although BP has great valuation and is the only one I'd consider picking if I were to pick among that category)

I think Chevron is a safer bet. They are the west coast's part of the former the Standard Oil. And California is where they sell gas 25-30% above nation's average. W00t?!

If you say so...
But like I said, I'm ignoring that entire group
I'll stick to the drillers and refiners.

 

[Queasy]

Originally posted by: dmcowen674

Originally posted by: iversonyin
But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer.

We haven't build a new refinery since god know when. Blame the government.

How many years have they had to "prepare" for summer?

Errr...every year? They have to go through the same steps every year leading into the warm weather months to deal with the couple of dozen different blends of gasoline mandated by state governments. All these different blends artificially constrain supply which is reflected in the increase in gas price.

It isn't as easy as just flipping a switch either. Refineries have to be shut down and reconfigured to handle the new blends. The fact that our existing refineries are already running at near capacity means that any interruption constrains supply which also adds to an increase in price at the pump.

 

[AznAnarchy99]

Originally posted by: gsethi
$3 is low end here in CA nowadays. its more like ~3.20-3.30 for 87. 91 costs me ~3.50. Waiting for the summer to start so that we can hit $4 mark here (for 91, i see it happening this summer).

I am not complaining though......some people will complain for a day (perhaps a week) and get used to it. Remember on how last year, we were all complaining about $3 ? This year, we will be complaining about $4 and then get used to it and then again start to complain about $5 next year and so on..

Im still complaining because i have to use 91

 

[Chaotic42]

Boo! Gas prices are too high! Why doesn't someone do something?! What? No, you *cannot* build a refinery within 1000 miles of me. I simply won't have it.

Now why won't someone do something about these gas prices?!

 

[Jeff7]

Originally posted by: Chaotic42
Boo! Gas prices are too high! Why doesn't someone do something?! What? No, you *cannot* build a refinery within 1000 miles of me. I simply won't have it.

Now why won't someone do something about these gas prices?!

Alright, we'll try to build hybrid cars to use less gas.

No! I want my huge, loud car derived from a military vehicle design to try to make me think I'm safer from the constant threat of terrorists attacking me on the highway while I drive to the store.

 

[iversonyin]

Originally posted by: dmcowen674

Originally posted by: iversonyin
But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer.

We haven't build a new refinery since god know when. Blame the government.

How many years have they had to "prepare" for summer?

Why reward them for complete incompetence???

Just letting you know: Government didn't bail the oil companies out when oil price was at its low couple years back. It simply wasn't profitable back then for them to invest in production capacity (they were losing money and you want them to dump more money in the business?). On top of that, regulatory body simply doesn't make it easy to build a refinery. I believe we haven't build a new one since 1970s. Your congressmen are the ones that are incompetence.

 

[0roo0roo]

man, when it hits 5 dollars.. f*ck it, its war time!

 

[iversonyin]

Originally posted by: 0roo0roo
man, when it hits 5 dollars.. f*ck it, its war time!

it been war time, where have you been?

 

[iversonyin]

Originally posted by: Jeff7

Originally posted by: Chaotic42
Boo! Gas prices are too high! Why doesn't someone do something?! What? No, you *cannot* build a refinery within 1000 miles of me. I simply won't have it.

Now why won't someone do something about these gas prices?!

Alright, we'll try to build hybrid cars to use less gas.

No! I want my huge, loud car derived from a military vehicle design to try to make me think I'm safer from the constant threat of terrorists attacking me on the highway while I drive to the store.

...in suburbia America.

 

[AlienCraft]

The price of gas has little connection to the price of a barrel of oil.
As much as the propagandists say otherwise, it's about profit levels, and the ability of the customer to pay.

btw, it's already over $3.00 / ga here in CA.

 

[mithrandir2001]

High gas prices do have a silver lining: it will sweep a percentage of the car buying public out of large vehicles and into smaller ones. Cheap gas (say $1.50/gallon) simply creates a driving environment filled with land barges, congestion and sprawl. Prices that pinch, if not hurt, will finally get the American public serious about conservation and chip away at our mindless drive-everywhere-in-our-2-ton-vehicles culture.

 

[Eos]

Originally posted by: mithrandir2001
High gas prices do have a silver lining: it will sweep a percentage of the car buying public out of large vehicles and into smaller ones. Cheap gas (say $1.50/gallon) simply creates a driving environment filled with land barges, congestion and sprawl. Prices that pinch, if not hurt, will finally get the American public serious about conservation and chip away at our mindless drive-everywhere-in-our-2-ton-vehicles culture.

Just to be clear, I have a Toyota sedan that weighs about 3500 pounds. Aluminium heads, auto trans, blah blah blah.

I think a 2 ton car is the old 1 ton car. I wonder if you're thinking of 2.5 ton cars...

 

[Eos]

Originally posted by: iversonyin

Originally posted by: eos

Originally posted by: iversonyin

Originally posted by: veggz
If the price inflation isn't artificial why would oil company stock prices necessarily rise?

Supply and demand...driving season = more demand for gas. I believe we haven't build a refiner for quite some time so our capacity to produce gasoline is capped. Capped supply + increase demand = price increase. And oil companies buy and sell these things at market price. Or they hedge using futures/forward contracts.

Really? REALLY?

Demand in my area went up 6% in one day? I have never been adequately explained the supply & demand that a lot of people say is the reason for higher prices. It all seems like voodoo to me.

No one is having trouble buying fuel are they? Are there shortages now that "demand is up"?

I'm seriously.

You obviously haven't been paying attention to anything that related to oil. Too much WoW?

Refiners shut down some of their refineries to prepare to crank them up for summer driving season. Capacity utilization fell below 90%...hence the built in crude inventories...hence the 6-10% jump in gasoline price. It's not just your local and regional demand..its also the world's demand.

As a friendly reminder, the Chinese economy is going to grow at high single digit- I mean you would think they would need some oil and gas? And our economy is growing at 2%. 4.5% unemployment rate in our country. What does all these mean? Low employment = more consumer spending = we buy more crap that come out of China = they need gas.

But short term wise, refiners shut down their refineries for maintenance and repair so that they can meet demand in the summer. We haven't build a new refinery since god know when. Blame the government.

I think WoW is World of Warcraft, but your (incorrect) stereotypes don't bother me.

My comment on S&D is a long time conundrum. No one can completely explain to me (this goes for you as well) about the demand part. Okay, so supply may be short right now based on summer blends being prepared. I ask again: Is anyone being turned away at the pump because the tanks are empty? If no, then the supply is there. Demand is up? Prove it.

And your wussy 5 speed! Try this 13 speed:

R 2/6+od 4/8+od

1 3/7+od 5/9+od

 

[vizkiz]

I'm not worried about the price of gas. I'm actually about to put a supercharger on my car, forcing me to move from 87 to 91
Well, 93, since 91 isn't widely available around here.