Oil Slick Stuff

So here's the deal-

Gasoline futures fell all week last week- and are now down OVER a quarter (25 cents) from where it was on monday.

Yesterday it dropped another 3 cents.

So you would think that this would trickle down to the price at the pump, right?
View attachment 9357

Isn't it amazing that when the price on the commodities market goes UP by five cents- it manages to hit the pump prices before the end of that same day.

But when the prices tumble 30 cents DOWN- it will take a week or more for that to trickle down.


ch.gaschart

Amazing stuff-


 
Good graphs, here's the weekly:
NOTE: 15 to 20 minute delay or more!
Light Sweet Crude: [CLICK] LS Crude Oil
SHORT TERM TREND,
attachment.php
........................
...........................Barrel....Weekly Status
Settle 03/19/10....$80.68.........,-.56
Settle 03/26/10....$80.00.........,-.68
Settle 04/01/10....$84.87........+4.87
Settle 04/09/10....$84.92........,+.05
Settle 04/16/10....$83.24.......,-1.68
Settle 04/23/10....$85.12.......,+1.88
Settle 04/30/10....$86.15.......,+1.03
Settle 05/07/10....$75.11.......-11.04

Time........,....Barrel.....Daily Status.....
05/10/10

NYH RBOB Gasoline: [ CLICK] NYH RBOB Gasoline
SHORT TERM TREND,
attachment.php

..........................Gallon....Weekly Status
Settle 03/19/10..$2.2556.....-.0006
Settle 03/26/10..$2.2074.....-.0428
Settle 04/01/10..$2.3237....+.1163
Settle 04/09/10..$2.2891.....-.0346
Settle 04/16/10..$2.2770.....-.0121
Settle 04/23/10..$2.2770.....+.0761
Settle 04/30/10..$2.3963.....+.1193
Settle 05/07/10..$2.1251.....-.2712
 
Sometimes you don't have to sacrifice a huge amount of gas to save your butt. We used to own a Toyota Yaris because it got 38 mpg, but Spouse didn't like it because it felt tinny and I didn't like it because of the protection factor. So we got a Volvo S40. Spouse likes it because it's turbo-charged and I like it for the safety factor. And we only lost 6 mpg! :)
 
BP Chamber Clogged, Removed From Leaking Gulf Well (Update1)


By David Wethe

May 8 (Bloomberg) -- BP Plc said gas hydrates like ice crystals formed inside the steel chamber it’s trying to use to capture leaking oil from a Gulf of Mexico well, forcing the company to move the structure aside while working on ways to stanch the flow of crude.

More: http://www.bloomberg.com/apps/news?pid=20601102&sid=aP2ZrjaBp7a4
 
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Climate change bill to be unveiled without key GOP supporter

By Dana Bash and Ed Hornick, CNN
May 7, 2010 3:19 p.m. EDT

story.kerryliebs.gi.jpg

Sens. John Kerry, left, and Joe Lieberman had been set to announce a bipartisan bill April 26.


Washington (CNN) -- Sens. John Kerry and Joe Lieberman announced Friday that they will unveil long-planned climate change legislation Wednesday, but they'll move forward without support from a key Republican they've worked with for months.

http://www.cnn.com/2010/POLITICS/05/07/climate.change.measure/index.html?hpt=Sbin
 
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Ice crystals in containment chamber force delay

Leak unlikely to hurt state economy — for now

Page: 1A
Ice crystals that formed in a giant concrete and steel containment chamber lowered into the Gulf of Mexico to trap and transport leaking oil to the surface, clogged up the hole at the top Friday night, halting the main operation underway, a BP official said Saturday.
Although it’s easy to remove the slush-like crystals that clogged up the hole at the top of the chamber, BP officials have stopped the operation to figure out how to prevent the crystals from forming again, Chief Operating Officer Doug Suttles said at a news conference.
When asked if the almost 100-ton containment chamber option had failed, Suttles said he wouldn’t put it that way.
“I wouldn’t say it failed yet. What I would say is what we tried last night didn’t work,” Suttles said.
BP and federal officials are trying to contain a Gulf of Mexico oil leak that is spewing about 210,000 gallons of oil a day from a BP-leased well 5,000 feet below the surface.
The oil is pouring from the damaged riser pipe that was connected to the Transocean Deepwater Horizon oil rig, which exploded April 20, killing 11 workers. The rig sank two days later.
When the rig toppled, the 5,000-foot riser broke away from the rig and is now on the ocean floor. BP has said about 85 percent of the oil is coming from that leak.
Suttles said it will take about 48 hours to solve the ice crystal problem before chamber operations can resume sometime early next week.
Suttles said officials may have to transfer some kind of heat or possibly methanol to the chamber to prevent the crystals from reforming.
Today, the chamber is sitting on the sea floor about 220 yards to the side of the site of the leak, Suttles said. The chamber was placed over the site Friday night but had to be moved after detection of the ice crystals.
Under the chamber plan, BP is building riser pipe that will connect to the top of the chamber to a tanker on the Gulf surface. The oil, along with seawater and natural gas, will flow up the pipe to the tanker ship.
Suttles said the mixture of oil, natural gas, pressure and cold water is what forms the ice crystals.
Suttles said officials thought the crystals would have formed later, during the piping process and not in the early stages of the plan. [more]
http://www.2theadvocate.com/news/93206274.html
 
Updated May 09, 2010
Jindal Asking BP to Fund Creation of Barrier Islands as Oil Spill Shield
NewsCore

Louisiana officials plan to ask BP to pay to dredge up miles of new barrier islands as a defense against the oil slick headed to the state's coastline, Gov. Bobby Jindal said Saturday.


oil_gulfboat_050810_monster_397x224.jpg

A ship deploys boom to absorb oil in the vacinity of the Deep Sea Horizon oil spill in the Gulf of Mexico May 8. (AP Photo)

Louisiana officials plan to ask BP to pay to dredge up miles of new barrier islands as a defense against the oil slick headed to the state's coastline, Gov. Bobby Jindal said Saturday.
http://www.foxnews.com/politics/201...nd-creation-barrier-islands-oil-spill-shield/
 
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No NO Noe, You want to sell a convouleted process of cleanup that includes a processed synthetic gizihoulee that cost billions of dollars and gets cooperations involved with a spice of a few dozen lawyers. This is a Costley cleanup don't ya know. (Buster's comment and video of two gentlemen farmers using hay to clean up oil spills)
 
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