Oil Slick Stuff

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Gus Buddy just sent out an alert for my state- jumping from $3.65 to $3.89 for regular today at many stations.

I am SOoooo glad I don't use gasoline anymore.
 
James48843 said:
I am SOoooo glad I don't use gasoline anymore.
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Yeah right:rolleyes:..Me either..

20080219-151997627_l_sized.jpg
 
nnuut said:
I don't think it's such a GOOD DEAL as you think, really costing you and all of us more!:nuts:
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http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp
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There is no such thing as "BTU adjusted price". It's simply a false number made up by the oil industry.

My car gets 12% fewer MPG on E85 than on gasoline. That's the only number that matters. If the price of E85 is better than 12% less than gasoline, then I make out financially.

Take that "BTU adjusted price" and take a hike.

Is your gasoline MPG derated by 35% because it's BTU adjusted price is worse off than diesel fuel?

Because, as you know, Diesel contains 130,000 BTU's per gallon, while RBOB gasoline only contains 112,000 BTUs.

So is the BTU adjusted price of gasoline really $4.19 a gallon? Because compared to Diesel fuel, that's what it is.
 
Sorry Jim I thought that AAA WAS A RELIABLE SOURCE? What's the matter can't find anything on Snopes?:cheesy: Balderdash.:suspicious:

**The BTU-adjusted price of E-85 is the nationwide average price of E-85 adjusted to reflect the lower energy content as expressed in British Thermal Units - and hence miles per gallon - available in a gallon of E-85 as compared to the same volume of conventional gasoline. The BTU-adjusted price calculated by OPIS and AAA is not an actual retail average price paid by consumers. It is calculated and displayed as part of AAA's Fuel Gauge Report because according to the Energy Information Administration E-85 delivers approximately 25 percent fewer BTUs by volume than conventional gasoline. Because "flexible fuel" vehicles can operate on conventional fuel and E-85,the BTU-adjusted price of E-85 is essential to understanding the cost implications of each fuel choice for consumers.​
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Finally allowing drilling in the GOM, IT'S ABOUT TIME! Too Little Too Late. :nuts:

Eni Gets BOEMRE Nod for GOM Drilling
BOEMRE
|
Friday, April 01, 2011

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater permit for the drilling of an eighth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea blowout. The approved permit is a permit to sidetrack for ENI US Operating Co Inc.'s Well #SS001 in Mississippi Canyon Block 460 in 2,823 ft. water depth, approximately 57 miles southeast of Venice, La.
"This is the eighth deepwater well permitted to drill since February 17, when industry demonstrated that it had the capacity to handle subsea blowouts and spills," said BOEMRE Director Michael R. Bromwich. "The progress in permitting deepwater drilling is directly related to industry's ability to meet and satisfy the enhanced safety requirements associated with deepwater drilling, including the capability to contain a deepwater loss of well control and blowout."
http://www.rigzone.com/news/article.asp?a_id=105734&hmpn=1
 
04/05/2011 - Updated 9:26 AM ET
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Oil futures pull back from 30-month highsInvestors watch unrest in the Mideast and North Africa
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By Virginia Harrison, MarketWatch & Polya Lesova, MarketWatch

LONDON (MarketWatch) — Crude-oil futures slipped on Tuesday, but prices remained near 30-month highs as unrest in Libya and the Mideast continued to fuel supply fears.
Light, sweet crude for May delivery [CLK11] dropped 35 cents or 0.3%, to $108.12 a barrel on the New York Mercantile Exchange.
The contract earlier hit an intraday low of $107.50 a barrel.
On Monday, May oil futures gained 0.5% to end at $108.47 a barrel, the highest settlement level since Sept. 22, 2008. http://markets.usatoday.com/custom/...-11E0-AE42-00212804637C}&loc=interstitialskip
 
In my opinion it's a consensus that if Oil goes over $110 to $120 (somewhere within that range) a barrel it will CRASH the Market. This is being caused mainly by SPECULATION and has nothing to do with Supply and DEMAND, so watch Oil prices closely. :eek:
 
nnuut said:
In my opinion it's a consensus that if Oil goes over $110 to $120 (somewhere within that range) a barrel it will CRASH the Market. This is being caused mainly by SPECULATION and has nothing to do with Supply and DEMAND, so watch Oil prices closely. :eek:
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I will - pls keep posting them

But why the Yahoo chart been frozen a few days now? :suspicious:
 
OUTLAW Speculation in Energy Stocks is the answer! There is no other reason for Oil prices to rise, the same thing happened in 2008, brace yourself!:suspicious:
 
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