Oil Slick Stuff

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If they mandate greater than 10% ethanol it would be terrible for us normal folks, where does the stupidity stop?:cool:
Refiners fight back against EPA ethanol mandate
Manufacturers (AFPM) in filing a joint waiver with the EPA requesting that the agency exercise its authority to reduce the blending burden by 3.35 billion gallons in 2014 in order to avoid the impending “blend wall” — the fear that blending more than 10 percent ethanol into the fuel supply because it can damage car engines.
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All they have to do is expand the number of pumps selling E85, and there would be no worry about the so-called "bend wall".

Right now most of the upper midwest is selling flex-fuel just fine, with hundreds of pumps.
(179 stations in my Michigan, which is plenty to plan your fuel stops.)

Boulder County DA Stan Garnett clears all 17 suspected illegal voters - Boulder Daily Camera

But California is dragging its feet, (only 79 stations in all of California), as is the east coast. (None in Maine, only 8 in Massachusetts, only 4 in Connecticut, and only 3 in New Jersey).


Convert a hundred stations in populated areas that are currently selling diesel (Many stations do that) and you would ave no problem meeting the requirement to increase ethanol and decrease petroleum use.

That is what the ethanol mandate was intended to do- reduce our reliance on foreign imported oil.

And it's working exactly as designed.

The oil companies hate that.

T.S.
 
We have our own OIL, we just have to use it here and not sell it on the world market, but our Administration seems not to want our nation to have cheap energy, they want to promote wind, solar and ethanol which isn't and can't work or can't carry the load without government backing, which is giving them free money, no interest loans and tax credits that all come from our pockets, wait until your electric bill goes up 40% maybe you will understand then it will be sooner than you think? So we continue the stupidity.
 
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]
[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		PriorActual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released On 8/21/2013 10:30:00 AM For wk8/16, 2013 [/TD]

[TD="class: actual_consensus_box_numbers"]-2.8 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -1.4 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]-1.2 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] -4.0 M barrels [/TD]

[TD="class: actual_consensus_box_numbers"]2.0 M barrels[/TD]
[TD="class: actual_consensus_box_numbers"] 0.9 M barrels [/TD]
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]

Economic Calendar - Bloomberg
 
nnuut said:
We have our own OIL, we just have to use it here and not sell it on the world market, but our Administration seems not to want our nation to have cheap energy, they want to promote wind, solar and ethanol which isn't and can't work or can't carry the load without government backing, which is giving them free money, no interest loans and tax credits that all come from our pockets, wait until your electric bill goes up 40% maybe you will understand then it will be sooner than you think? So we continue the stupidity.
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So you want big government to ban the private sale of privately owned petroleum to other nations. Got it.


By the way- Big Oil gets FAR MORE in the way of tax breaks and subsidies than renewable fuels ever did.

See Factbox: Big tax benefits enjoyed by oil companies | Reuters for a quick list of just some of the special Oil Industry tax breaks that no other business or industries get.
 
OK Mr. I know everything, I can go into detail but you probably already know.:laugh:
Crude Export Ban No Match for Lightest U.S. Shale Oil


By Bradley Olson & Mike Lee - Feb 26, 2013 5:34 AM ET



A glut of shale oil in fields from Texas to North Dakota is forcing producers to find ways around the U.S.’s three-decade-old ban on crude exports in order to seek higher prices in foreign markets. Kinder Morgan Energy Partners LP (KMP) is among companies setting up mini-refineries to process certain grades of crude just enough to qualify them as refined fuels, which are legal to export.

The Flint Hills oil refinery in Corpus Christi, Texas. A boom in shale oil production has the industry finding ways to export the oil. Photographer: Eddie Seal/Bloomberg

The industry’s best hope is ultra-light oil, which is so abundant in shale rock that it has flooded the Gulf Coast and traded for a record discount to global benchmark Brent crude last quarter. Potential revenue for exports is $40 billion a year based on global prices, or about $9.7 billion more than what the same oil fetches in the U.S.
“It’s going to get exported in one way, shape or form or another,” said Ed Hirs, a professor of energy economics at the University of Houston who also runs a small production company in Texas. Producers will sell it abroad “as a product in its own right, or it’s going to be exported as a finished good, having become diesel, plastic or fertilizer.”
Crude Export Ban No Match for Lightest U.S. Shale Oil - Bloomberg
 
Got it. So these guys- the Council on Foreign Relations, and saying that we need to EXPORT MORE CRUDE now because...in their words... "Oil production has grown more in the United States over the past five years than anywhere else in the world, even as domestic oil consumption has declined."

(Thank you President Obama and the current Administration for the LARGEST INCREASE IN DOMESTIC OIL PRODUCTION OVER THE LAST FIVE YEARS-THAN ANYWHERE ELSE IN THE WORLD.)

And...that the exporting of Crude will solve this problem...LOW OIL PRICES.

"Crude oil exports have grown from next to nothing in 2007 to around one hundred thousand barrels per day in March 2013, all of which went to Canada."


and

"...These artificially low prices slow additional U.S. crude oil production. "
------------------------------------

More: The Case for Allowing U.S. Crude Oil Exports - Council on Foreign Relations

Yep- sure do.

We can't have those artificially LOW Oil Prices that are plaguing the U.S. now, can we.....

(Hey- who are those Council on Foreign Relations guys, anyway??)
 
James48843 said:
So you want big government to ban the private sale of privately owned petroleum to other nations. Got it.


By the way- Big Oil gets FAR MORE in the way of tax breaks and subsidies than renewable fuels ever did.

See Factbox: Big tax benefits enjoyed by oil companies | Reuters for a quick list of just some of the special Oil Industry tax breaks that no other business or industries get.
Click to expand...
[h=1]CBO: Most energy tax subsidies go toward green energy, energy efficiency[/h] 2:26 PM 03/14/2013

​
Despite repeated calls from President Obama to end tax subsidies for oil and gas companies, tax benefits for renewable energy and energy efficiency make up three-quarters of energy-related tax subsidies the U.S. is estimated to hand out in 2013.
In 2013, it’s estimated that $7.3 billion — 45 percent — in energy tax subsidies, will go towards renewable energy, according to Congressional testimony by Congressional Budget Office senior advisor Terry Dinan. Another $4.8 billion — 29 percent — in energy tax subsidies will be for energy efficiency.
In total, the federal energy tax subsidies will cost more than $16 billion in 2013, up from only $5 billion in 2005. Tax subsidies for fossil fuels make up 20 percent of the total and tax subsidies for nuclear power make up another seven percent.

Energy tax subsidies began to expand rapidly in 2006, growing to more than $20 billion per year from 2009 to 2011. Increasingly, more and more tax dollars were aimed at promoting renewables and energy efficiency.
 
[h=1]Oil Climbs on East Coast Refinery Work[/h] Published August 23, 2013Reuters


​
A rise in gasoline futures helped pull oil prices higher on Friday following news of a unit shutdown at a Canadian East Coast refinery.
While the trading volume for the Brent crude contract was higher, gains on the U.S. futures contract outpaced those for the international benchmark. Brent's premium to WTI narrowed to $4.16 a barrel during the session, after a $3 per barrel spike earlier this week that sent the spread to $6 for the first time since late June.
 
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