Oil Slick Stuff

Sort by newest Sort by date
nnuut said:
Yeah JKJ they're out of season, guess we'll have to wait until next year :mad:, unless you boil those dried Green Peanuts but it takes about 12 hours to cook them and they're not half as good as the FRESH Green Peanuts. I used Live in the Charleston area and had a 1/2 acre garden, grew my own then :) those were the days!:laugh:
Click to expand...

Makes my mouth water just thinking about them goobers. Where do you live and work?
 
BP CEO: US Economy Endangered by High Oil Price

by James Herro
Dow Jones Newswires
Tuesday, December 06, 2011
DOHA (Dow Jones Newswires), Dec. 6, 2011

The health of the U.S. economy is under threat from high oil prices and the rest of the world should be concerned about the consequences if it does suffer damage, BP Chief Executive Robert Dudley said Tuesday.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=113132
 
"Gas went up today from $2.92 to $2.99...here we go..
suspicious.gif
"​





thats cheap here where i live north MN its average is $3.30 a gallon for the lesser grade
 
Dec. 7, 2011, 11:22 a.m. EST
Oil slips under $100 on supply report, euro zone

Claudia Assis and V. Phani Kumar, MarketWatch SAN FRANCISCO (MarketWatch) — Crude-oil futures traded under $100 a barrel Wednesday as investors turned more pessimistic on the euro zone and a government supply report showed a surprise increase in crude inventories.
Crude for January delivery /quotes/zigman/2083733 CL2F -1.04% retreated 95 cents, or 0.9%, to $100.33 a barrel on the New York Mercantile Exchange. It dipped as low as $99.67 a barrel earlier.
The Energy Information Administration reported a rise in inventories of 1.3 million barrels for the week ended Dec. 2. Analysts polled by Platts had expected a decline around 1.3 million. That also ran counter to a trade group report on Tuesday that had shown a decline of 5 million barrels in supplies.
The EIA said gasoline inventories rose by 5.1 million barrels, and supplies of distillates increased by 2.5 million barrels. The Platts analysts had seen gasoline inventories up 1 million barrels, and distillates up 1.5 million barrels. http://www.marketwatch.com/story/cr...nic-trade-2011-12-06?link=MW_home_latest_news
 
Supporters Attack Lack of Atlantic, Eastern GOM Leases
by Andrea Mooney
Rigzone Staff

Tuesday, December 06, 2011

The first of 13 public hearings concerning the proposed 2012 - 2017 oil and gas lease sale commenced Tuesday in Houston with less than a handful of citizens from both sides voicing concerns over the government's plan -- predominantly concerning the lack of lease sales in the Atlantic and Eastern Gulf of Mexico.
The Bureau of Ocean Energy Management's Draft Programmatic Environmental Impact Statement for the Proposed Outer Continental Shelf Oil and Gas Leasing Program 2012 - 2017 includes 15 lease sales in six offshore areas where there are currently active leases and exploration, and where there is known or anticipated hydrocarbon potential.
BOEM's Chief Environmental Officer Alan Thornhill listened as oil industry supporters with the American Petroleum Institute and the Consumer Energy Alliance announced support for the U.S. Secretary of the Interior Ken Salazar's decision to expand access to offshore oil and gas resources but both groups also raised issues with the department's removal of areas in the Pacific, not opening up areas in the mid-Atlantic, and for keeping the majority of the Eastern Gulf of Mexico that currently under congressional moratorium.
Andy Radford, Senior Policy Advisor with the American Petroleum Institute, said the department's decision to limit the five-year program's scope is a "missed opportunity" to build a secure energy future for the nation.
"We need to be doing the right things today to meet our energy needs of tomorrow," Radford said. "This five-year program is a flat-footed energy policy that fails to move us in the right direction. It maintains a status quo that will not adequately help prepare us for a strong energy future. http://www.rigzone.com/news/article.asp?a_id=113173&hmpn=1

 
Just wait until January 1, when the ethanol blender's credit expires, and the government subsidy on blended E10 disappears.

Gasoline will go up at least a dime a gallon then on that.

Futures prices of ethanol have dropped 50 cents a gallon for January, and gasoline futures have increased.
 
U.S. turns into gasoline exporter
Published: Dec. 5, 2011 at 10:41 PM Advertisement

WASHINGTON, Dec. 5 (UPI) -- U.S. oil companies are expected to be net exporters of refined petroleum products for the first time in decades, the government reported. The U.S. Energy Information Administration said the country produced more gasoline in September than it needed, exporting 430,000 barrels per day more than it imported, CNNMoney reported Monday.

While it may frustrate consumers to realize the United States exports gasoline, given the high prices at the gas pump, the exports are not necessarily related to prices. Gasoline demand has fallen by 10 percent, 800,000 barrels per day, in recent years, as U.S. vehicles have become more fuel-efficient and the use of ethanol has cut into gasoline consumption. Presently, the country, still a net importer of crude oil, has a larger refining capacity than it needs and demand is high in emerging countries in South American and elsewhere.

"We've got plenty of excess refining capacity. It's a reminder that this is a global oil market, and it's reflected by the movements of products to where they will get the highest prices," said EIA spokesman Jonathan Cogan.


Read more: http://www.upi.com/Business_News/20...ne-exporter/UPI-66711323142904/#ixzz1ftx1jKu6
 
nnuut said:
If the subsidies go in January that means we don't have to pay them anymore
Click to expand...

Correct.
The oil companies will no longer receive .45 cents a gallon subsidy from the federal government. Instead, that will require the oil company to charge the consumer more for gasoline instead. Then ethanol demand will collapse, as will the price, and I will be buying E85 about .50 cents to .70 cents cheaper a gallon than gasoline will be. We'll see if that's how it works out.
 
James48843 said:
What is the "adjusted BTU price" of diesel fuel?
Click to expand...
Just go to the bottom of the page on the link, here it is if you can't figure out where it is.

**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.
Click to expand...
http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp
 
You must log in or register to reply here.
Back
Top