Montrose1100 Posted August 31, 2007 Share Posted August 31, 2007 It also decreases mileage.It does. And I'm glad i'm not the only one who noticed. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted September 12, 2007 Author Share Posted September 12, 2007 DAMN! What the heck caused this? $80? Quote Link to comment Share on other sites More sharing options...
Guest Marty Posted September 12, 2007 Share Posted September 12, 2007 DAMN! What the heck caused this? $80? Humberto Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted September 12, 2007 Author Share Posted September 12, 2007 Humberto Don't blame it on some whimy 50 mph storm! I read the article and still find it appauling. I want to see some $50's again Quote Link to comment Share on other sites More sharing options...
brerrabbit Posted September 27, 2007 Share Posted September 27, 2007 There is hope yet for gas prices. Notice cost of $7 billion to refine an additional 325,000 barrels per day.Motiva Port Arthur Refinery to Become Largest in United States 27-Sep-2007 The owners of Motiva Enterprises LLC, Shell Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted September 27, 2007 Author Share Posted September 27, 2007 There is hope yet for gas prices. Notice cost of $7 billion to refine an additional 325,000 barrels per day.Motiva Port Arthur Refinery to Become Largest in United States 27-Sep-2007 The owners of Motiva Enterprises LLC, Shell Quote Link to comment Share on other sites More sharing options...
RedScare Posted September 27, 2007 Share Posted September 27, 2007 OMG, thank god someone is investing back in refineries. This can't be soon enough.Don't get too excited. The annual gasoline production capacity of this expansion is about2.25 Billion gallons. Between now and 2010, when this expansion is complete, the annual US total gasoline consumption is expected to increase 9 billion gallons. We would need four of these refineries by 2010 just to stay even with where we are today. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted September 27, 2007 Share Posted September 27, 2007 Don't get too excited. The annual gasoline production capacity of this expansion is about2.25 Billion gallons. Between now and 2010, when this expansion is complete, the annual US total gasoline consumption is expected to increase 9 billion gallons. We would need four of these refineries by 2010 just to stay even with where we are today.That doesn't mean that it isn't big news worthy of being excited about. Quote Link to comment Share on other sites More sharing options...
RedScare Posted September 27, 2007 Share Posted September 27, 2007 That doesn't mean that it isn't big news worthy of being excited about.Mmm...kind of depends. I was more interested in the statement that, due to construction cost increases, the total of all refinery expansions dropped from 1.8 million barrels to around 1 million. This will insure that refining capacity remains tight for several more years.So, no, this one project did not excite me too much. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted September 28, 2007 Share Posted September 28, 2007 Mmm...kind of depends. I was more interested in the statement that, due to construction cost increases, the total of all refinery expansions dropped from 1.8 million barrels to around 1 million. This will insure that refining capacity remains tight for several more years.So, no, this one project did not excite me too much.Nobody is saying that it is a cure-all to the grander problem, but for one refinery to be so large IS impressive, and that it could by itself make up for about a quarter of the projected demand increase IS also impressive. And aside from all that, who in their right mind wouldn't be excited at any venture costing $7 billion that is essentially taking place in our backyard? Quote Link to comment Share on other sites More sharing options...
CDeb Posted September 28, 2007 Share Posted September 28, 2007 So, no, this one project did not excite me too much.This won't be the only major refinery exansion in Port Arthur alone.Valero and Total are also planning major expansions, too. But the Motiva one is the only one already underway. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted September 28, 2007 Author Share Posted September 28, 2007 We are above $83 a barrel now. . jeez! Quote Link to comment Share on other sites More sharing options...
urban909 Posted October 9, 2007 Share Posted October 9, 2007 (edited) It does. And I'm glad i'm not the only one who noticed.and it also depends on where that ethanol is coming from. it cost more and takes more energy to produce ethanol from corn (my sister-in-law likes to call it a "cornopoly") than from sugarcane which produces a higher yeild of energy thats cleaner. im also interested in all these "flex-fuel cars" that i see on the road, but again it begs the question. where/how is the person getting the ethanol and where is it coming from? Edited October 9, 2007 by urban909 Quote Link to comment Share on other sites More sharing options...
TJones Posted October 9, 2007 Share Posted October 9, 2007 Paid $2.46 today for gas. I like it. keep on goin' down baby. Quote Link to comment Share on other sites More sharing options...
Jax Posted October 9, 2007 Share Posted October 9, 2007 This site will give you a graph of average montly gas prices in North America. Check out the change in Texas (or anywhere else for that matter) over 6 years. Quote Link to comment Share on other sites More sharing options...
Subdude Posted October 19, 2007 Share Posted October 19, 2007 Oil at new high, dollar at new low v euro.Dollar Hits a New Low, Oil Hits a New High By CARTER DOUGHERTYPublished: October 19, 2007FRANKFURT, Oct. 18 Quote Link to comment Share on other sites More sharing options...
houstonmacbro Posted December 3, 2007 Share Posted December 3, 2007 Oil at new high, dollar at new low v euro.LinkThis week should be pretty interesting. I guess Asian polls are already open so we could know which way things are headed in a few hours. Quote Link to comment Share on other sites More sharing options...
Subdude Posted December 3, 2007 Share Posted December 3, 2007 Up a bit in Asian trading on news OPEC doesn't want to expand output. Still below $90, though. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted April 15, 2008 Author Share Posted April 15, 2008 It's trading above $113 per barrel. REALLY, when will the madness stop. This will surely domino leading into a economic disaster, riots, shortages. We can't take anymore, go back down to $60 a barrel. This is just getting ridiculous, it's not even summer and we don't even have a Gulf Storm yet! Thank god for the economic stimulus package $$$, which going right back into oil, and back to OPEC and oil companies. Nice work Bush! You enter office with oil below $40, and likely will leave with a $120 legacy. DAMN! What the heck caused this? $80? Funny how attitudes change, back in September, I was whining about the cost pushing $80. It's sad that I would marginally find that acceptable, whereas a half a year ago, I was shocked. I am shocked again now, ask me again in August 2008 and see if $113 is acceptable to me. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted April 15, 2008 Share Posted April 15, 2008 Nice work Bush! You enter office with oil below $40, and likely will leave with a $120 legacy. Four words: Value of the Dollar. Whose fault is that? Is it Bush? Considering that the M1 money supply is pretty constant, it doesn't seem like they're printing any money over in the U.S. Treasury Department. Seems more like a Fed issue coupled with a Chinese monetary policy issue. If you expect Bush (by himself) to fix those things, then you'll also have to advocate that he take on new presidential powers. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted April 15, 2008 Author Share Posted April 15, 2008 Four words: Value of the Dollar. Whose fault is that? Is it Bush? Considering that the M1 money supply is pretty constant, it doesn't seem like they're printing any money over in the U.S. Treasury Department.Seems more like a Fed issue coupled with a Chinese monetary policy issue. If you expect Bush (by himself) to fix those things, then you'll also have to advocate that he take on new presidential powers.I collectively blame the whole Bush administration. Maybe I am looking to point my finger as someone or group, but his decisions, particularly the war in Iraq, all the money we have put into the rebuilding efforts, and all his croonies in the oil and gas industry that get tax breaks don't help his cause.He is pandering to the corporations rather than the people.We are supposed to have the government "for the people by the people." Rather it's "for the corporations by the corporations".As Obama mentioned, I am "bitter!" Quote Link to comment Share on other sites More sharing options...
CDeb Posted April 15, 2008 Share Posted April 15, 2008 Quote Link to comment Share on other sites More sharing options...
jgriff Posted April 15, 2008 Share Posted April 15, 2008 and all his croonies in the oil and gas industry that get tax breaks don't help his cause.Do you think if we take those tax breaks away that the price of gasoline will go down? Quote Link to comment Share on other sites More sharing options...
musicman Posted April 15, 2008 Share Posted April 15, 2008 I collectively blame the whole Bush administration. Maybe I am looking to point my finger as someone or group, but his decisions, particularly the war in Iraq, all the money we have put into the rebuilding efforts, and all his croonies in the oil and gas industry that get tax breaks don't help his cause.He is pandering to the corporations rather than the people.We are supposed to have the government "for the people by the people." Rather it's "for the corporations by the corporations".it's basic supply and demand. govt limits drilling/refining capability, the population is increasing (here and worldwide), hence so is demand/price. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted April 15, 2008 Author Share Posted April 15, 2008 Do you think if we take those tax breaks away that the price of gasoline will go down?No, but do they really need it, they are already achieving record profits as it stands.It just supports what I am saying the Bush admin panders to corporations needs, not people.Do something about it already. $600/$1200 is a stupid idea.It is the whole, give a man a fish, he eats for a day, teach a man to fish, he eats for a lifetime.The money is a short SHORT term relief (if you would call it that). Fix the energy crisis. Quote Link to comment Share on other sites More sharing options...
musicman Posted April 15, 2008 Share Posted April 15, 2008 Fix the energy crisis.what is your solution? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted April 15, 2008 Share Posted April 15, 2008 (edited) He is pandering to the corporations rather than the people.We are supposed to have the government "for the people by the people." Rather it's "for the corporations by the corporations". Who owns corporations? Space aliens? Which race of aliens, do you think? The Ancients, Asgards, Ewoks, Ferengi, the ones from Independence Day, Goa'uld, Jem'Hadar, Klingons, Kryptonians, Martians as portrayed in Mars Attacks, Ocampans, Ori, Protoss, Romulans, Vulcans, Wookies, Wraith, or Zerg? Or is it an even more obscure species from a less popular sci-fi show or movie? Possibly from a book? Or maybe...just to introduce a zany idea from left field, corporations might be owned by...humans? Perhaps even multiple humans--with sentience, no less--so as to induce the use of the plural form of 'person', "people"? I don't know, it's probable that I'm wrong, but has anybody ever considered it? I mean, Redscare and I have made a lot of money by owning Exxon, and to the best of our knowledge, he and I are people. ...or possibly not, perhaps we're really just the leading edge of a vast tribble conspiracy hell-bent on inducing farmers to grow more corn in preparation for the invasion. As Obama mentioned, I am "bitter!" So you're a gun-toting religious zealot? Edited April 15, 2008 by TheNiche Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted April 15, 2008 Author Share Posted April 15, 2008 what is your solution?I don't know, I am sure if I had one, every joe-schmo would too. That is part of the president's duties and administration to prevent things from getting this way. When the cost of energy increases faster (and beyond) than the rate of inflation, you really "f"-ed up.I am a tax payer. Bush needs to fix it. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted April 15, 2008 Share Posted April 15, 2008 That is part of the president's duties and administration to prevent things from getting this way. Ummm...ok. Show me where it says that in the U.S. Constitution. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted April 15, 2008 Author Share Posted April 15, 2008 Who owns corporations? Space aliens?Nice tangent, I know people run everything, including the government and corporations. But I, being part of the "people", don't get special privileges that corporations (particularly energy).If you call $600 a privilege, then I will sit quiet, but when "Mr. Corp" get that $600/$1200 too, PLUS tax breaks and exemptions . . ."Mr. Corp" is a more than just "people" then, don't you agree. Quote Link to comment Share on other sites More sharing options...
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