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Close Topic OptionsThe Price Of Oil - Page 8 of 81
QUOTE "Gasoline will still be scarce, - Page 8 - Politics, Business, Civil, History - Posted: 1st Sep, 2005 - 6:44pm
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Gas Prices Go Up and Up and Up - Global Fuel - A lot of North Americans complain about the high price of Gasoline, but did you know that North Americans pay less than many other developed nations for Oil and Gas?The Price Of Oil - Page 8
Part of it is "clean air" regulations that require a different mix of gasoline during summer and winter seasons, part of it is taxes taxes taxes, but I think more of it is just the demand for gasoline is higher here than anywhere else. It's interesting because we have not only oil fields here but also refineries. You would think it would cost *less* because the distance is not so great to truck it!
As for the so-called expert, he's ignoring the fact that the world supply of oil has peaked! That all by itself means even higher prices in the not-so-distant future.
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| QUOTE |
| As for the so-called expert, he's ignoring the fact that the world supply of oil has peaked! That all by itself means even higher prices in the not-so-distant future. |
It is interesting, last night, same channel, different opinion. Now, they say that prices are expected to continue to rise. Well, I guess no matter what happens they will be able to claim they accurately predicted it.
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Post Date: 17th Apr, 2005 - 11:25am / Post ID: #
NOTE: News [?]
The Price Of Oil History & Civil Business Politics
BUSH PUSHES HIS ENERGY POLICY
President Bush prodded Congress on Saturday to pass a long-stalled national
energy strategy, saying American families and small businesses are feeling the pinch from rising gasoline prices.
Ref. https://www.cnn.com/2005/POLITICS/04/16/bus...o.ap/index.html
Page 8 Oil Price The
The photo accompanying this article was the whole story -- 2.99/3.09/3.19 per gallon in San Francisco.
Any "national energy strategy" that occurs now seems too little, too late. The article doesn't mention that, even if new domestic oil is found, our national refining capacity is already running full speed. We just don't have the capacity to refine more unless new refineries or improved techniques are developed.
In my opinion, of course.
Roz
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Post Date: 7th Jul, 2005 - 11:41am / Post ID: #
NOTE: News [?]
Oil Price The
WORRIES BOOST OIL ABOVE $61
Oil prices climbed nearly 3 percent to finish at a record above $61 a barrel on Wednesday and analysts warned of an imminent spike in the retail cost of gasoline as storm-related power outages disrupted some oil production and refining operations in the Gulf of Mexico.
Ref. https://deseretnews.com/dn/view/1%2C1249%2C...46700%2C00.html
The Price Of Oil
While traveling this past week, the highest price was in Lee Vining, California - regular gas was $3.39! Lowest was in Gardnerville, Nevada at $2.61. Average was between $2.93 and $3.05. Luckily, we were traveling in a vehicle that rates between 32 and 39 MPG on the highway. Since we were traveling in the mountains, we had the better MPG on the downhill side 
Interesting times we live in. The price of gas can, and does, affect all levels of our economy. How high does it have to get to affect your life?
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The Price Oil - Page 8
And so the impact of Katrina hits the West Coast. Gas yesterday afternoon jumped from $2.67 to $2.95. It's well over $3.00 in Los Angeles, I hear. The price of oil per barrel has jumped over $70! Look out, folks. Hard times are coming. Here's a quote from an email sent to a financial commentary site:
"just wanted to report $3.29/gallon gas prices in charlotte, nc. oh and fist fights and demolition derby at some stations where they are quickly running out of fuel completely. me, I'm trying to stay one step ahead and pick up some food because when the bread and milk trucks can't fill up, well that's when it'll get interesting won't it."https://urbansurvival.com/week.htm
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The Price Oil Politics Business Civil & History - Page 8
| QUOTE |
| "Gasoline will still be scarce, highly prized, and terribly volatile in the next few weeks," said Tom Kloza, chief oil analyst at the Oil Price Information Service. The Colonial and Plantation Pipelines -- two key pipelines which provide the majority of gasoline, diesel fuel, and jet fuel to the Southeast, Mid-Atlantic, and Northeast states -- are restarting, "but [it's] not clear when the barrels [will] make the trip to starved areas," he said. The Colonial Pipeline was operating at around 750,000 barrels per day, but its capacity is 2.4 million, according to the Energy Department. "Lots of blue sky prognostications out there, some of the 'spin' is aimed at calming down the public," Kloza said. Even before Hurricane Katrina hit earlier this week, the one element in the market that "labored under terrific stress was the refining infrastructure and that has borne the full brunt of the storm," said Michael Fitzpatrick, an analyst at Fimat USA. "Some refineries may be able to restart operations within one to two weeks, but others may take 'several months' to resume making gasoline and other petroleum products," he said, citing a statement from the Energy Information Administration. It may turn out that the actual damage to the refineries is "not catastrophic," but getting electricity to the refiners could take at least several days, and even then, operating rates might be very low," he added. Given that, "gas prices will be above $3 for many months after the Gulf refineries are up and running," said Peter Morici, a professor at the University of Maryland. |
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