| Author | Message | ||
     Court |
I stick by (I know I've said it 6 times) $5.00 by Christmas. It has nothing to do with any war, Haliburton or any of the black helicopter crap . . it's simple economics. The upside it that in the $5.00 - $7.00/G range there is finally real motivation to develop more efficient energy sources and alternate transportation. | ||
| Rocketsprink |
Sad part of that Court is how many people can't wait the amount of YEARS it will take to develop and market these sources of "alternate transportation". Face it. Buses and trains won't work for everyone. Not to mention that fact that ALL prices will rise to offset the higher cost of transporting goods around the Country. How many will lose jobs that companies supply work cars/trucks that can no longer put gas in them? How many people with low paying jobs may as well just quit and go on State aid because 1/2 or more of their weekly paycheck goes to put fuel in their cars to get to work? (that's no BS either. Just ash Mike aka Coolice about his experience hearing that while on a service call) Personally, I don't see anything positive in the whole situation. That is, unless of course you are a big oil company or own oil stocks, at which point you're loving the whole F'n mess. Seems strange to me that crude oil is not at it's record price, yet nation wide, gas prices are?! Also the lame ass excuse of "high demand, low production". BUT the refineries are not running at full output. Seems to me the "demand" is being artificially made. Again, this will only hurt the working class people. As I stated above, the rich get richer. he poor get poorer. Nothing wrong with getting richer. But at the expense of the working men and women? It's a total load of BullShit! | ||
| Rocketsprink |
BTW, $3.50 a gallon today. Up 11 cent in less than a week. BULLSHIT | ||
| Rocketsprink |
Up 41 cents a gallon since I started this thread on May 2nd. DOUBLE BULLSHIT | ||
| Rocketsprink |
Excuses are like @ssholes. Everyones got them. Here's some more @ssho..er I mean excuses. NEW YORK (XFN-ASIA) - World oil prices rose on Monday as the market saw no end to concerns over tight supplies caused by unrest in key crude producer Nigeria and output disruptions at US refineries, traders said. New York's main oil futures contract, light sweet crude for delivery in June, gained 1.33 usd to close at 66.27 usd a barrel. In London, Brent North Sea crude for July delivery added 1.07 usd to finish at 70.49 usd. In intraday trade, it climbed as high as 70.83 usd, a level not seen since late August. Crude prices remained underpinned by concerns about abnormally tight supplies of gasoline in the United States due to refinery problems, just as motorists take to the road this weekend at the start of the summer vacation driving season. "With the country running on fumes for supply and another bad week for refiners with outages, or good luck if you look at it from the profit angle, the market seems to be adjusting to its bullish destiny," said Phil Flynn of Alaron Trading. Meanwhile, US gasoline prices continued to hit fresh record highs. The American Automobile Association (AAA) said the average national price of unleaded regular gasoline had jumped to 3.196 usd per gallon, the highest average it has recorded. A month ago the price was 2.859 usd a gallon. The AAA has forecasted 38.8 mln Americans will be on the roads this weekend, up 1.7 pct from last year. Fresh unrest in Nigeria, where strikes are planned this week at two refineries, also drove prices higher. "Crude futures were a little firmer today, supported by further attacks and kidnappings in Nigeria," Sucden analyst Michael Davies said in London. Reports of an attack early on Monday by unidentified gunmen on France's Total oil facility in Nigeria, an OPEC member, added to instability. Nigerian oil unions threatened Sunday to launch a strike this week to protest against the planned sale of two government-owned oil refineries to private investors. Representatives of the PENGASSAN and NUPENG oil workers unions told a joint press conference in Lagos that the strike against the proposed sale of the installations in the oil city of Port Harcourt would begin on Thursday. The refineries, which have a combined production capacity of 210,000 barrels of crude per day, are subsidiaries of the state-owned Nigerian National Petroleum Corporation that employs some 4,000 workers. "What could stir things a bit are worries over the strike on 24 May that would affect the global crude market," said Tobin Gorey, a Commonwealth Bank of Australia commodities strategist in Sydney. Oil-rich Nigeria is Africa's biggest producer, accounting for 2.6 mln barrels per day of crude, but a quarter of that figure is currently lost to unrest in the restive oil-producing south. Further price support this year would come from limited refining capacity in the United States, according to the Centre for Global Energy Studies, a London-based research body which published its monthly report on Monday. "As long as ... capacity remains inadequate to meet gasoline demand and OPEC responds by restricting output to keep prices too high ... the oil market's current period of high and volatile prices will continue," the CGES said. The CGES also warned that the Organization of the Petroleum Exporting Countries (OPEC) must increase supplies to avoid oil prices spiking to record levels. afp/mas | ||
| Road_thing |
the refineries are not running at full output. Source? rt Edit: Further price support this year would come from limited refining capacity in the United States, according to the Centre for Global Energy Studies, a London-based research body which published its monthly report on Monday. "As long as ... capacity remains inadequate to meet gasoline demand and OPEC responds by restricting output to keep prices too high ... the oil market's current period of high and volatile prices will continue," the CGES said. The CGES also warned that the Organization of the Petroleum Exporting Countries (OPEC) must increase supplies to avoid oil prices spiking to record levels. Well, which is it? Are they "not running at full output" or is "capacity inadequate?" It can't be both. (Message edited by road_thing on May 21, 2007) | ||
| Court |
>>>Sad part of that Court is how many people can't wait the amount of YEARS Nothing will turn those years to months quicker than prices that make alternate transportation attractive. Don't fool yourself. Oilmen are the instant and temporary beneficiary but I'm not buying that they are gouging. This is fairly simple supply and demand in the classic sense. There is an equilibrium established at the price where a seller is willing to sell and a buyer is willing to buy. No oil company has the poop to alter the laws of economics. It may be painful, but I doubt it's malicious. We in the Unites States, while the rest of the world has been paying about 4X what we do, have say on our lazy and complacent asses. Nothing moves Americans like money. Stop the "anyone financed" sale of Hummers and you'll have made a start in the road to toward the solution . . . folks in America are notorious of buying BOATS (you should see the SUV's here . . there people look like they are heading to the frickin' outback) and then gripe about oil prices? Frankly . . . some of those folks you describe just ain't that bright. | ||
| Rocketsprink |
http://oilexcuses.com/ Not everyone can be as smart as you. | ||
| Rocketsprink |
And, frankly, I couldn't care less what other Countries pay for their gas. | ||
| Road_thing |
Sprink, it's a commodity on the world market. If the Japanese have to pay $60 a barrel for their crude, so does everybody else. rt | ||
| Naustin |
Get an house/apartment within 5 miles of your job and trade your gas guzzler for a Chevy Aveo - or ride your bike to work. Problem solved. If you aren't able to do this, switch jobs so that you can. If you're not skilled and are unable to switch jobs, just help the rest of us out and kill yourself. That way, you won't use any gas at all and demand will go down. (Message edited by naustin on May 21, 2007) | ||
| Court |
It's going to be a double edged sword, particularly to union members. . . Mayor Bloomberg has just ordered all NYC taxis (18% of the Crown Vic output or some bizarre figure) to be "Green Taxis" within the next 5 years. Orders are being placed with Toyota at this moment and the first ones are already on the streets of NYC. The unions will ride out in the American made car . . you either change with the times or get changed by them. Court (a union member driving a Ford. . for now) | ||
| Roadrunr |
RT, Actually it's both. The refineries are going through a major overhaul process to meet tougher standards and if they didn't the fines imposed on them would still show up at the pump. I have and am seeing more storage tanks being built across the country this year than the previous 10yrs in the biz. Lets see, a company builds 50 new tanks this year @ approx. $350,000 - $550,000 per tank depending on size and location, Who is gonna flip that bill?  | ||
| Naustin |
Ironically, the Prius isn't that green when you consider the battery pack and its costs of production and eventual disposal/recycling. A Prius uses a great deal more energy during production than a Ford Focus, for example. Not to mention that it also consumes many more resources because of all its techno gizmos and electric motor. I suppose however, that considering the Prius will not waste fuel while idling, that for the particular microcosm of Taxi service, it is still the best choice. | ||
| Court |
I snapped this on the way to the office . . . I'll bet some dealer is gonna drool over an order for 12,779 of these . . .   | ||
| Rainman |
OK, I have it on good authority, from an oil broker, that it goes like this: Investors buy crude oil futures much like grain and soybeans, betting on demands and events that will make their shares worth more. Then they sit on those shares and wait to see what happens. Meanwhile, while those shares are tied up by investors, the prices rise for oil at the refineries to keep the supply available. As demand increases and futures are bookmarked, the costs continue to rise according to the cost of transporting and selling in certain areas. For instance, wholesalers can buy gas in Charlottesville/Richmond at a base rate of 2.90 a gallon. That can fluctuate every hour depending. The wholesalers charge on top of their rate and retailers adjust again. When prices get volatile, such as now, the wholesalers will often sell the gas without setting a price and the retailer has to wait to find how exactly how much the gas he just had delivered will cost. Retail prices lag on the way down because the retailers are trying to make for their losses as they pump 3.50 a gallon gas that no longer holds the market price. Essentially, the money makers are the investors. Last year, when no hurricanes hit, the prices dropped because investors saw no reason to hold their shares and sold off quickly to invest in something else. | ||
| Honu |
Rocco, As a process operator in a oil refinery I can assure you every process unit is at 110% operating capacity, unless there is a mechanical problem. Every week we have units shut down due to mechanical problems, seal/bearing failures on pumps and compressors, metal fatique(cracks), instrument failures. By 110% I mean every unit runs above its design rates 7 days a week 24 hours a day, so you can see why there are mechanical failures. The point is no refiner cuts back feed rates unless mechanical forced to. My experience is three different refineries since 1980. | ||
| Honu |
Three months ago and still not at full production. One of the things that hurt supply.  | ||
| Ryker77 |
Sprink, it's a commodity on the world market. If the Japanese have to pay $60 a barrel for their crude, so does everybody else. Some how transporation cost should factor in, correct? | ||
| Kdan |
I'm listening to a co-worker bitching about a $75 half tank fillup in her monster SUV. She has 2 little kids, so I can totally see where she needs seating for 7. Stupidity should hurt. I moved less than 5 miles from work and ride every chance I get. To hell with everybody else. What goes around comes around. | ||
| Teeps |
 2.5 mile commute for me. Fuel, maintenance and insurance included with free company car... does it get any better? | ||
| Buellinachinashop |
Big Oil is like 4 year olds. They push and push until they get critisized, then they modify their behavior long enough to gain praise, then its back to the same old crap. | ||
| Road_thing |
?? Did I miss something? When did Big Oil get any praise?? | ||
| Buellinachinashop |
Maybe not praise, but when the prices come down, there isn't the critisism like when they raise and raise. | ||
| Midknyte |
or ride your bike to work. This guy rode his bike to work...  ...he didn't ride home though | ||
| Court |
Thing . . . it may just be me but I think you're cute as a bug with that big 'stache you . . you . . you big Oil Baron you! That make you feel better or worse?  | ||
| Naustin |
That scrap metal market keeps going up and they'll be stealing the silverware. | ||
| Mikej |
Story in the local paper about older motorcycles being fixed up for commuters: http://www.jsonline.com/story/index.aspx?id=608405 http://www.jsonline.com/story/index.aspx?id=608405&format=print (Message edited by mikej on May 23, 2007) | ||
| Court |
Scooters are multiplying like swamp flies in Manhattan . . . I've seen some amazing things in the last month. I could see advocating a 2-wheel only lane. cool huh? | ||
| Road_thing |
Court: worse, I think. Mikej: Huh? rt |
