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PETROLPHOBIA by USFiero
Started on: 03-04-2005 11:52 PM
Replies: 432 (8470 views)
Last post by: maryjane on 05-17-2021 10:51 PM
USFiero
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Report this Post01-31-2018 09:56 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
STILL ALIVE. $2.56 in south Florida. I understand we (the US) are now the leading exporter of energy again.

[This message has been edited by USFiero (edited 01-31-2018).]

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maryjane
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Report this Post01-31-2018 10:20 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
Going to continue to rise too. The 140,000 bbl/day Philips66 refinery in NJ is due for a maintenance shut down before the spring/summer driving season begins and crude has pretty much stabilized at $60+ a barrel so refiners are having to pay more for feedstock than they did this time last year. Additionally, refiners have more contractual obligations this year for exporting finished products which lowers the inventory available for domestic sales.

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Report this Post01-31-2018 01:50 PM Click Here to See the Profile for MadMarkClick Here to Email MadMarkSend a Private Message to MadMarkEdit/Delete MessageReply w/QuoteDirect Link to This Post
Still a whole lot better than during the Obama regime when he was trying to tie up and shut down anything related to energy production from fossil fuels. Drill baby drill.
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Report this Post01-31-2018 02:44 PM Click Here to See the Profile for steve308Send a Private Message to steve308Edit/Delete MessageReply w/QuoteDirect Link to This Post
Read an article that a drilling rig somewhere in the Dakotas caught fire about ten days ago and sure enough the price of gas has jumped $ .29 since then. I also find it interesting that as the long term overall fuel economy of vehicles increases, the price of gas at the pump also increases to compensate for the oil companies lost revenue.
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Report this Post02-01-2018 01:05 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by steve308:

Read an article that a drilling rig somewhere in the Dakotas caught fire about ten days ago and sure enough the price of gas has jumped $ .29 since then. I also find it interesting that as the long term overall fuel economy of vehicles increases, the price of gas at the pump also increases to compensate for the oil companies lost revenue.


correlation does not = causation.

As far as I know, the last rig fire/blowout in the Dakotas was in 2016.
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USFiero
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Report this Post04-17-2018 03:10 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
Congratulations, America. We now produce more oil and export energy at a higher output than SAUDI ARABIA.

High Fives all around!
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USFiero
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Report this Post01-02-2019 10:28 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
Do I even need to point out that gas prices have experienced.... relief?


Like, Holy Flashback to 2005 Batman!

[This message has been edited by USFiero (edited 01-02-2019).]

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rinselberg
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Report this Post01-02-2019 10:44 AM Click Here to See the Profile for rinselbergClick Here to visit rinselberg's HomePageClick Here to Email rinselbergSend a Private Message to rinselbergEdit/Delete MessageReply w/QuoteDirect Link to This Post
Well, this seems like a good place to offer up a report that I have had captured in my web browser for several days, but actually have still not yet read all the way through with a careful focus.

"Texas, New Mexico Oil and Gas Reserves are Largest Ever Assessed, Bringing Economic Hope, Environmental Concern"
Pam Wright for Weather(.com); December 19, 2018.
https://weather.com/science...s-reserve-assessment
 
quote
An announcement by the U.S. Geological Survey earlier this month that the potential largest oil and natural gas reserve ever assessed is sitting beneath Texas and New Mexico has government officials rejoicing. Environmentalists are not as thrilled.

The USGS report says a four-year assessment at the the Wolfcamp Shale and overlying Bone Spring Formation in the Delaware Basin portion of Texas and New Mexico’s Permian Basin province revealed underground petroleum reserves that may potentially hold up to 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids. This makes it the largest reserves ever assessed in the United States.

The deposit has nearly three times more oil and gas than the agency found in 2013 in North Dakota's Bakken shale and is nearly three times the amount of petroleum products used by the entire United States in a single year, NPR reports.

<SNIP>


Includes a brief video segment at the very top.
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USFiero
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Report this Post01-30-2020 06:20 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
In spite of Iran trying to **** on the Middle East, gas prices have remained 'stable.'

American energy (near) independence has contributed to world Peace and economic stability. Only this nation could do something like that where 'promising' economies like Venezuela fail.

We will never be a Socialist nation, or we will fail and take the world with us.

P.S. wind energy is not a great solution in it's current form, unless you like ugly, inefficient bird shredders.
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Report this Post01-30-2020 12:10 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
Unlikely that the NM/Tx field will be developed very soon. Developing a new play is VERY expensive and the returns right now pretty slim with overall global prices around $55/bbl but current WT/NM intermediate prices are a lot less. That big reserve has been known about for nearly 4 years now..the only thing new is how big it actually is. Questions however..remain:

The USGS qualifies the figures of their massive discovery as consisting of undiscovered, technically recoverable resources, which they define as, "those [resources] that are estimated to exist based on geologic knowledge and already established production, while technically recoverable resources are those that can be produced using currently available technology and industry practices. Whether or not it is profitable to produce these resources has not been evaluated."

https://oilprice.com/oil-price-charts#

[This message has been edited by maryjane (edited 01-30-2020).]

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USFiero
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Report this Post08-06-2020 07:07 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
After a brief respite from high prices and traffic jams (thanks COVID!) prices back in the 2.13 per gallon range for 87 octane.

But I buy midgrade now at a minimum. Turbos just love high octane.
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Report this Post08-06-2020 09:05 AM Click Here to See the Profile for 82-T/A [At Work]Send a Private Message to 82-T/A [At Work]Edit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by USFiero:

After a brief respite from high prices and traffic jams (thanks COVID!) prices back in the 2.13 per gallon range for 87 octane.

But I buy midgrade now at a minimum. Turbos just love high octane.



I forgot you're in Florida.

I still have a house in Fort Lauderdale, but I'm living in Texas right now. How to make it back one day... miss South Florida.

... definitely don't miss the traffic though.
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USFiero
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Report this Post01-21-2021 06:19 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
New year, New administration. Any guesses where we are headed now two days in?

[This message has been edited by USFiero (edited 01-21-2021).]

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Report this Post01-21-2021 06:58 PM Click Here to See the Profile for steve308Send a Private Message to steve308Edit/Delete MessageReply w/QuoteDirect Link to This Post
 
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Originally posted by USFiero:

New year, New administration. Any guesses where we are headed now?


UP / Keystone pipeline cancelled / up some more / no more fracking / up some more / opening the boarders , amnesty ,additional welfare and social programs requiring tax for income / up a bunch more.

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Report this Post01-21-2021 07:20 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
Retail prices will stay relatively low thru the summer would be my guess.
Probably take that long to get rid of any glut and enact any increased federal tax schemes on refined fuels.

Here's where the US average retail pric stands just before inauguration day.

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USFiero
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Report this Post01-23-2021 01:58 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
So how long before the pain starts?
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Report this Post01-23-2021 06:20 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by USFiero:

So how long before the pain starts?


Sometime around the middle of hurricane season would be my honest guess, tho it depends how well one is hedged against higher energy prices.
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USFiero
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Report this Post02-05-2021 06:35 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
...and here it comes. As high as $2.60 for regular (Unless you live in Jupiter FL because every other car is an exotic) and pushing $3 for premium(s).

We're going back to the Bush/Obama economies and I don't think 'quantitative easing' - even with Janet Yellin back in DC - is going to save us.
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Report this Post02-05-2021 08:58 AM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
I filled up in Gatesville Tx this morning for $2.03/gal.
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Report this Post02-16-2021 05:36 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
$2.56/gal here in WPB for regular. Let's see how long it stays under $3. Meanwhile I've found E30 (94 octane) at a local Sunoco that mixes well with Sam's Club premium (usually twelve cents-ish above everyone else 's regular) that hasn't impacted my MPG's significantly but is ten percent cheaper.

[This message has been edited by USFiero (edited 02-16-2021).]

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Report this Post02-16-2021 08:18 AM Click Here to See the Profile for olejoedadClick Here to Email olejoedadSend a Private Message to olejoedadEdit/Delete MessageReply w/QuoteDirect Link to This Post
$2.49 gallon for regular in my area.

How will Warren afford to gas up his SUV? Oh, wait.....

The Dems are certainly riding on a huge wave of popularity in my area....
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Report this Post02-16-2021 01:46 PM Click Here to See the Profile for Jake_DragonSend a Private Message to Jake_DragonEdit/Delete MessageReply w/QuoteDirect Link to This Post
Its over $3.00 for regular now.
Long Beach CA.
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USFiero
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Report this Post02-21-2021 02:59 AM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
The race is on to destroy the economy/freedom/American way of life. Electricity may become so difficult to provide and expensive even electric cars will be sidelined.
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Report this Post02-21-2021 08:54 AM Click Here to See the Profile for cliffwClick Here to Email cliffwSend a Private Message to cliffwEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by USFiero:
... Electricity may become so difficult to provide and expensive even electric cars will be sidelined.


We could not have enough electric to provide for us recently, much less electric cars.

How do electric cars provide passenger comfort heat ? Must be electric, the most expensive source of heat and the most energy depleting.

$2.19 a gallon yesterday, $2.29 today.
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Report this Post02-21-2021 09:44 AM Click Here to See the Profile for sourmashClick Here to Email sourmashSend a Private Message to sourmashEdit/Delete MessageReply w/QuoteDirect Link to This Post
If we all drive electrics, what are they going to do with all the gasoline produced during the crude cracking process?

What will become of our Saudi friends? They might become radicalized against Western nations if their riches stop?
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Report this Post02-21-2021 12:19 PM Click Here to See the Profile for olejoedadClick Here to Email olejoedadSend a Private Message to olejoedadEdit/Delete MessageReply w/QuoteDirect Link to This Post
$2.65 for regular.

Was around $2.05 on inauguration day.

Warren Buffett is happy.

The rest of us, not so much.
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Report this Post02-21-2021 03:25 PM Click Here to See the Profile for cliffwClick Here to Email cliffwSend a Private Message to cliffwEdit/Delete MessageReply w/QuoteDirect Link to This Post
Oh my, I forgot. About three months ago, wait, let me back up.

I have a diesel truck, my wife a gasoline powered vehicle. My fuel used to be .35 cents to .50 cents per gallon higher.

About three months ago, the price for gasoline and diesel was only .02 cents different. For a month or so.

.
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USFiero
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Report this Post03-02-2021 09:48 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
I got 93 octane at Sam's Club for $2.80 per gallon, it's just over $3 otherwise. Driving a turbo'd truck these days.

I see E30 (94 octane) at Sunoco for $2.74 and sometimes I'll top off with that. Oddly has not impacted my mileage that I can tell.

Otherwise Regular is around $2.60-$2.68 around town. Haven't ventured up to Jupiter to see how much Ethanol-free gas goes for.
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Report this Post05-02-2021 08:29 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
Been up and down the East Coast as of late, discovered Buc-ee's which has ethanol free gas, but at $3.33/gal for 87 octane... ouch. My ride is tuned for midgrade minimum and Sam's was still hanging in there at $2.88/gallon premium. Shopped at a Kroger with a gas pump and got ten cents off their midgrade which made it $2.64/gallon.
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Report this Post05-02-2021 10:07 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
$2.22 in Humble earlier today. Higher near the airport. As much as $2.39.
Diesel was about $2.72 a week ago when I last bought any.
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Report this Post05-10-2021 08:55 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
Well I suppose we'll see a bump after the shenanigans of the weekend. At least on the East Cost.
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Report this Post05-17-2021 09:44 PM Click Here to See the Profile for USFieroSend a Private Message to USFieroEdit/Delete MessageReply w/QuoteDirect Link to This Post
So, who all is seeing $3/gallon for regular?
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Report this Post05-17-2021 10:51 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
$2.55 here
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