Oil Slick Stuff

Sort by newest Sort by date
Our GOOD FRIENDS are at it again. Passing the XL Pipeline would neutralize their efforts. OBAMA!!!
[h=1]Iran, Venezuela vow to 'neutralise' oil price problem[/h]Tehran (AFP) - Iran's President Hassan Rouhani, flanked by Venezuelan counterpart Nicolas Maduro,vowed Saturday to "neutralise" the threat posed to both countries by plummeting oil prices, in a barely veiled broadside at Saudi Arabia. [more]
Iran, Venezuela vow to 'neutralise' oil price problem
 
No need to sign the XL- there are other ways, as we now see.
The President just gave away the farm....

Obama Admin's Year-End Gift to the Oil Industry Quietly Allows Light Oil Exports
1/9/15

In a quiet move in the last days of 2014 that involved zero public debate, the Obama administration gave a big gift to the oil industry by allowing the export of light crude oil. This change by the administration stands to make the industry a few extra billion dollars per year by allowing them to sell crude oil on the international market where it gets a higher price than if it is sold to U.S. refineries.

So what bill was passed at the last minute of 2014 overturning the 40-year-old crude oil export ban and allowing companies to now export fracked crude oil? None.

...So how does an industry overturn longstanding legislation that was designed to protect the U.S. economy from fluctuations in the global oil market? First, there are the normal industry channels of lobbying and advertising over the past year to influence public opinion and get the politicians to do their bidding. But that process is expected to take significantly more time and money to result in officially ending the crude oil export ban.

So if you are the oil industry, you innovate. You call the oil you are producing condensate, get the regulators at the little known Bureau of Industry and Security to agree to not define what condensate actually is and then have them tell you that you as an industry are free to “self classify” your oil as condensate and export it.

Problem solved. Billions in profits made. Politicians provided with cover...

But wait, there's more!

A Yahoo Finance headline sums up the additional implications of this recent change in FAQs.

Obama move on U.S. oil exports paves way for Canadian crude, too

When handing out gifts to the North American oil industry these days, you want to make sure to include Canadian tar sands producers too. So how does this new “informal suggestion” help the tar sands industry? Several different ways that involve exporting Canadian tar sands oil from U.S. ports....

Obama Admin's Year-End Gift to the Oil Industry Quietly Allows Light Oil Exports | DeSmogBlog
Click to expand...
 
Our President doesn't like cheap distillates in the USA it is holding back his agenda to replace gasoline and diesel with electric and natural gas powered vehicles etc. The law as it was allowed exportation of distillates but not all crude that was drilled and pumped in the USA. This will limit the benefits to the economy that cheap fuel will generate for our country. Watch that guy use his pen to choke us further down the tunnel, unlawfully.:cool:
Our citizens should enjoy the bounty from our resources before and cheaper than the rest of the world, help ourselves before others. Gas is $1 in Saudi Arabia, why is that?
 
Last edited:
[h=1]Oil slumps 5 percent after Goldman slashes forecast[/h]
NEW YORK (Reuters) - Oil slumped 5 percent to near six-year lows on Monday, accelerating its months-long rout after Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output.
The February Brent contract fell $2.62 to $47.48 a barrel by 10:56 p.m. EST (1356 GMT). U.S. crude oil for February was down $2.20 at $46.15 per barrel.
Analysts at Goldman Sachs cut their three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. West Texas Intermediate contract to $41 from $70 a barrel. The bank cut its 2015 Brent forecast to $50.40 a barrel from $83.75 and U.S. crude to $47.15 a barrel from $73.75 [more]
http://finance.yahoo.com/news/global-oil-prices-extend-falls-020107692.html
 
NATIONAL AVERAGE PRICES
AAA's Daily Fuel Gauge Report
Prices updated as of 1/12/2015 3:45am
 [TABLE="class: sort"]
[TR]
[TH="class: header"][/TH]
[TH="class: price header"]Regular[/TH]
[TH="class: price header"]Mid[/TH]
[TH="class: price header"]Premium[/TH]
[TH="class: price header"]Diesel[/TH]
[/TR]
[TR]
[TD]Current Avg.[/TD]
[TD="class: price"]$2.130[/TD]
[TD="class: price"]$2.359[/TD]
[TD="class: price"]$2.547[/TD]
[TD="class: price"]$3.001[/TD]
[/TR]
[TR]
[TD]Yesterday Avg.[/TD]
[TD="class: price"]$2.139[/TD]
[TD="class: price"]$2.367[/TD]
[TD="class: price"]$2.555[/TD]
[TD="class: price"]$3.011[/TD]
[/TR]
[TR]
[TD]Week Ago Avg.[/TD]
[TD="class: price"]$2.199[/TD]
[TD="class: price"]$2.425[/TD]
[TD="class: price"]$2.614[/TD]
[TD="class: price"]$3.098[/TD]
[/TR]
[TR]
[TD]Month Ago Avg.[/TD]
[TD="class: price"]$2.600[/TD]
[TD="class: price"]$2.820[/TD]
[TD="class: price"]$3.006[/TD]
[TD="class: price"]$3.443[/TD]
[/TR]
[TR]
[TD]Year Ago Avg.[/TD]
[TD="class: price"]$3.313[/TD]
[TD="class: price"]$3.496[/TD]
[TD="class: price"]$3.664[/TD]
[TD="class: price"]$3.868[/TD]
[/TR]
[/TABLE]
 
I just paid $1.78 for regular unleaded a few hours ago ata Valero station. Texas prices are great. But others have it better. A friend in central Kansas paid $1.69 yesterday.
 
Some stations in P-cola are now below $2. Most everywhere (except the expensive stations) is about to crack $2.

I'll bet Buster is taking baths in petrol these days.
 
$1.85 near my place.

My son is a Petrol Chemical Injection Specialist, stationed in Houston, says he has not been this busy in a long time.
 
You must log in or register to reply here.
Back
Top