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Joined: Mar 2006
Posts: 7,471
Campfire Tracker
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Campfire Tracker
Joined: Mar 2006
Posts: 7,471 |
I heard something interesting on the radio.
It took more than 100 years for a gallon of gas to get to $1.50 a gallon. It took less than 10 years for it to go to $4 gallon.
Think we are getting [bleep]?
Dink
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Joined: Jan 2001
Posts: 21,317
Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 21,317 |
oil to stay at/below $80 permanently They haven't been around the oil business very long to even say that in passing, or they would know better... Right on rockinbbar. In the oil patch you never say "never" or "forever". The only guarantee is that the boom/bust cycle will continue. Whether it's in increase in demand, reduced supply, fear from political instability or inflation finally catching up with our crazy Fed policy, I expect oil to go over $100/bbl sooner or later.
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Joined: Oct 2004
Posts: 50,169 Likes: 1
Campfire Kahuna
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Campfire Kahuna
Joined: Oct 2004
Posts: 50,169 Likes: 1 |
I heard something interesting on the radio.
It took more than 100 years for a gallon of gas to get to $1.50 a gallon. It took less than 10 years for it to go to $4 gallon.
Think we are getting [bleep]?
Dink Same can be said for a pound of ground beef and a gallon of milk. I don't see anybody wanting to lynch cattle ranchers. Put the blame where it belongs...government.
The only thing worse than a liberal is a liberal that thinks they're a conservative.
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Joined: Nov 2006
Posts: 34,261
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2006
Posts: 34,261 |
Don't vote knothead, it only encourages them. Anonymous
"Never underestimate the power of stupid people in large groups." Anonymous
"Self-reliance, free thinking, and wealth is anathema to both the power of the State and the Church." Derby Dude
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Joined: Nov 2007
Posts: 47,225 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2007
Posts: 47,225 Likes: 7 |
most people have no idea what it takes to get that oil out of the ground.
God bless Texas----------------------- Old 300 I will remain what i am until the day I die- A HUNTER......Sitting Bull Its not how you pick the booger.. but where you put it !! Roger V Hunter
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Joined: Sep 2012
Posts: 18,243
Campfire Ranger
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Campfire Ranger
Joined: Sep 2012
Posts: 18,243 |
I heard something interesting on the radio.
It took more than 100 years for a gallon of gas to get to $1.50 a gallon. It took less than 10 years for it to go to $4 gallon.
Think we are getting [bleep]?
Dink Same can be said for a pound of ground beef and a gallon of milk. I don't see anybody wanting to lynch cattle ranchers. Put the blame where it belongs...government. Now there's something we can agree on.
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Joined: Sep 2001
Posts: 19,084 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Sep 2001
Posts: 19,084 Likes: 2 |
If oil topped out at $147....lets say gas topped out at $4
Oil is at $80 now...54% of its high.
Gas is at, lets say $3....75% of its high.
I think maybe we are still getting 'lubed' by the oil companies..... I think a lot of the taxes on gasoline have been jacked up too, and you know they will never go down.
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Joined: Nov 2007
Posts: 47,225 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2007
Posts: 47,225 Likes: 7 |
God bless Texas----------------------- Old 300 I will remain what i am until the day I die- A HUNTER......Sitting Bull Its not how you pick the booger.. but where you put it !! Roger V Hunter
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Joined: Feb 2009
Posts: 4,857 Likes: 5
Campfire Tracker
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Campfire Tracker
Joined: Feb 2009
Posts: 4,857 Likes: 5 |
If oil topped out at $147....lets say gas topped out at $4
Oil is at $80 now...54% of its high.
Gas is at, lets say $3....75% of its high.
I think maybe we are still getting 'lubed' by the oil companies..... Lets not forget that "gas" is the bi-product of the toxic refuse that comes out the back end of the cracking process. Big oil makes hundreds of $'s off each barrel of oil from a whole host of petroleum products long before they get to the gasoline.
“Some ideas are so stupid that only intellectuals believe them.” ― G. Orwell
"Why can't men kill big game with the same cartridges women and kids use?" _Eileen Clarke
"Unjust authority confers no obligation of obedience." - Alexander Hamilton
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Joined: Apr 2004
Posts: 42,878 Likes: 8
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2004
Posts: 42,878 Likes: 8 |
so this is all a coincidence that the falling fuel prices coincide with the upcoming mid term elections?
how convenient...
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
It's simple supply and demand guys.
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Joined: Jan 2005
Posts: 38,919 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2005
Posts: 38,919 Likes: 10 |
so this is all a coincidence that the falling fuel prices coincide with the upcoming mid term elections?
how convenient... They aren't falling here; they went up eighteen cents last week.
Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.
Happily Trapped In the Past (Thanks, Joe)
Not only a less than minimally educated person, but stupid and out of touch as well.
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Joined: Apr 2004
Posts: 42,878 Likes: 8
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2004
Posts: 42,878 Likes: 8 |
so this is all a coincidence that the falling fuel prices coincide with the upcoming mid term elections?
how convenient... They aren't falling here; they went up eighteen cents last week. just indicative that the DFL isn't that worried back there is all...
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Joined: Dec 2010
Posts: 1,553
Campfire Regular
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Campfire Regular
Joined: Dec 2010
Posts: 1,553 |
Consult the chart. It shows how screwy the gasoline market is. Pay attention to the lite green area of Phx......matches the same pricing color as eastern NM and west Texas. AZ has zero petroleum resources and has zero refineries.....everything has to be piped/trucked in. AZ refined gasoline comes from a pipeline/truck from southern Calif or a pipeline from El Paso. Eastern NM and west TX are part of the " U.S. West Texas Intermediate" oil field that determines pricing for North American crude. There are numerous refineries. Yet the price of gasoline is the same....and it's virtually tha same raw gasoline.
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Joined: Nov 2002
Posts: 33,766 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,766 Likes: 7 |
I think maybe we are still getting 'lubed' by the oil companies..... Nah...competition is fierce in the oil industry, but they are going to make their profit. No matter what the government stacks on top of what the consumer has to pay. Spot on. We "run" the government, no matter the country.
Conduct is the best proof of character.
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Joined: Nov 2002
Posts: 33,766 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,766 Likes: 7 |
most people have no idea what it takes to get that oil out of the ground. Yep. There are the simple methods (hence risk) in Texas and the more complex such as this in Kazakhstan, my last oil extraction project sixty miles offshore in the Caspian Sea. Night and day do not remotely describe it. It is a world market, something too many folks do not grasp. The "drilling rig". The living quarters. The wildlife.
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Joined: Feb 2001
Posts: 50,646 Likes: 2
Campfire Kahuna
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Campfire Kahuna
Joined: Feb 2001
Posts: 50,646 Likes: 2 |
If oil topped out at $147....lets say gas topped out at $4
Oil is at $80 now...54% of its high.
Gas is at, lets say $3....75% of its high.
I think maybe we are still getting 'lubed' by the oil companies..... Lets not forget that "gas" is the bi-product of the toxic refuse that comes out the back end of the cracking process. Big oil makes hundreds of $'s off each barrel of oil from a whole host of petroleum products long before they get to the gasoline. No, actually gasoline is one of the first groups of hydrocarbons that come out of the refining process. The heavier ends is where the variety comes from.
Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
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Joined: Apr 2014
Posts: 803
Campfire Regular
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Campfire Regular
Joined: Apr 2014
Posts: 803 |
Sitka is correct. I'm an old gasoline blender that made zillions of gallons of gasoline, of which 99.8% or more was on-spec. Gasoline isn't a liquid stream that comes from crude as such. It's a blend of several gasoline blending materials that are combined in varying proportions to produce a gasoline that is acceptable for use in the regions of the country. Gasoline for Denver isn't the same as gasoline for Florida, and then there are summer grades and winter grades. And then, and always, Uncle Sam is watching and testing to make sure we aren't making off-spec gas and cheating the public. Big trouble if you knowingly market bad gas.
Refining crude to make gasoline, LPG, heating oil, diesel, 2 Oil, 6 Fuel, various chemicals, and this and that is a very interesting process. Pretty much every drop of crude oil winds up being used. The term "toxic Byproducts" really doesn't apply, though I suppose you could call all types of petroleum products toxic, in that if you swallowed them they would do you harm and might kill you - depending on how much you ingested.
But, back years ago, prior to a lot of materials (benzene for instance) being found to be carcinogenic, we didn't worry about getting it on us or breathing the fumes. And oddly enough, as we aged I lost several former friends and coworkers to cancers and other things.
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Joined: Jan 2012
Posts: 26,577 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,577 Likes: 3 |
How much does $3-4 gal gas play a roll in oil production as compared to $2-3 gal? There is a major cost saving in production isn't there?
FJB & FJT
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Joined: Jan 2012
Posts: 67,330 Likes: 51
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,330 Likes: 51 |
$2.68 at the Kmart pumps this morn.
Get the V-10 out, it's time to kill some baby seals and squash some puppies.
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