Please Scroll Down to See Forums Below
napsgear
genezapharmateuticals
domestic-supply
puritysourcelabs
UGL OZ
UGFREAK
napsgeargenezapharmateuticals domestic-supplypuritysourcelabsUGL OZUGFREAK

OMFG!!! Regular gas $3.07

courtneybcca

courtneybcca

New member
i just drove by a gas station 5 minutes ago on my way home from work.. fucking $3.07 for regular $3.37 for super... I know the news was saying that it might get above 3 bucks but I for some reason I didn't think it would happen... I know the european's are going to be like who cares but the price has like double in a year.. thats pretty nutts if you ask me!!
 
blame bush party at my place in 10 minutes. i have all the alcohol you can drink. NO you cant use it as fuel ;)

...i think there are some benzos around here someplace for all the people who are on a diet, and some rohypnol for killahbee and dunk, if they get the urge to date rape themselves ;)
 
I paid $2.45 last night for a gallon of the reg. I think the price of a barrel was up to 66.90 on Thursday!! Who knows what it is now?
Toledo representin' :Chef: :tuc:
 
even if it doubles or triples again, thats dirt cheap compared with the UK.
 
Da Man said:
even if it doubles or triples again, thats dirt cheap compared with the UK.
Click to expand...

yeah i know, im paying 1.00 pound per LITER !! which is like 2.25$ per liter.
how much is a gallon in liters ?
 
mountain muscle said:
Anyone give me a good explanation why we have 3 different grade fuels?
Click to expand...

Regular for most cars. Premium for a few luxury and performance cars that are tuned to require high octane fuel. And mid grade for people with cars that are supposed to run on Regular, but wish to waste their money on an "upgrade" that doesn't help anything.
 
Let's blame it on the Bush administration. Feels good to blame it on someone. I really don't know, but I don't trust Republicans for some reason.
 
Mr. dB said:
Regular for most cars. Premium for a few luxury and performance cars that are tuned to require high octane fuel. And mid grade for people with cars that are supposed to run on Regular, but wish to waste their money on an "upgrade" that doesn't help anything.
Click to expand...

Actually, most of the medium grade fuels are 10% ethanol. At least that is how it is here. NO MTBE around here. You can't drink the water if it gets in it....

Which it comes out of your exhaust. Several of the wells around here have been closed hurting towns

Whiskey
 
Whiskey said:
Actually, most of the medium grade fuels are 10% ethanol. At least that is how it is here. NO MTBE around here. You can't drink the water if it gets in it....

Which it comes out of your exhaust. Several of the wells around here have been closed hurting towns
Click to expand...

You must be somewhere in the Midwest or the Corn Belt.

That still doesn't change the fact that mid grade is a complete waste for most drivers. You don't get any more performance, and if a car that calls for regular pings on regular but runs okay on mid grade, it doesn't need more octane, it needs to be SERVICED.
 
the mid grade here costs just as much as the lower grade. it is just 10% ethanol. only difference. Fuel comsumption and horsepower are the same

Whiskey
 
Not sure but soon this speculation bubble is going to burst and a lot of people on Wall Street are going to lose thier asses. Futures are running 15-20% above actual cost.

Whoever is paying $3.00 and above for a gallon of gas, try finding out how much of that is Federal, State and Municipal taxes, think you'll find that it's better than 50% of the consumer cost per gallon. If California wouldn't require tens of different mixtures for gasoline depending on municipality, the refineries wouldn't have to change blends all the time, increasing efficiency.

I lay part of the blame of rising fossil fuel costs on the movie Silkwood. Figure out my reasoning why to recieve the bonus plan.
 
Da Man said:
even if it doubles or triples again, thats dirt cheap compared with the UK.
Click to expand...

That's because their government taxes it so heavily. Also, their country is smaller than most US states, so this comparison is rather foolish.
 
I like the higher prices. It keeps many bad drivers and their piece of shit cars off the roads. It actually makes driving more enjoyable.
 
redguru said:
Not sure but soon this speculation bubble is going to burst and a lot of people on Wall Street are going to lose thier asses. Futures are running 15-20% above actual cost.

Whoever is paying $3.00 and above for a gallon of gas, try finding out how much of that is Federal, State and Municipal taxes, think you'll find that it's better than 50% of the consumer cost per gallon. If California wouldn't require tens of different mixtures for gasoline depending on municipality, the refineries wouldn't have to change blends all the time, increasing efficiency.

I lay part of the blame of rising fossil fuel costs on the movie Silkwood. Figure out my reasoning why to recieve the bonus plan.
Click to expand...

yea .03 to .05 profit margins, refineries are happy as hell. right now its probably running .15 maybe .20 per gallon. thats 87 octane.

refineries dont 'change' blends per se. in other words, its not that big of a deal to increase or decrease certain octanes or blends. usually minor adjustments.

do you blame it on the movie itself or what the movie was about?
 
Last edited:
there is enough oil to make as much gasoline as you want. but production capacity is reaching its peak.

refining capacity is almost at 100%.

low overheads on crude and gasoline storage, leaving a very unstable market IF anything happens. ie, strikes, problems with production, busted gasoline pipelines, etc etc.

all compounded by the fact that its all traded by day as futures, speculation helps drive prices.
 
spongebob said:
well you have to define legitimate.
Click to expand...

I don't think people that have done nothing to try and address this problem have a right to then complain about it. Not speaking about specific people on this thread, just that my experience is that Joe Complainer drives a Ford Expedition and leaves it idling for 20 minutes in front of the grocery store while the wife picks up milk and bread :)
 
Have'nt filled up in about a week, so it might be different, but it was $2.40/gallon for regular in NJ. Until about a month ago, I was buying the Super for all my cars. I was ignorant until steered the right way. thanks

Ehhh, 15 years of buying Super... damn... lol
 
tinytank said:
so 4 liters to the gallon ?????? wholey shit.. im paying like 9$ per gallon over here then !! my nigga what a shitty place i live in.
Click to expand...

Actually its 4.5 litres to the gallon ( don't forget british and american gallons are different measurements.)

so you are paying more that $9 per gallon.
 
the cheapest in town is now at $2.44, as I hear, it's the most it's ever been in town. This is either regular or medium grade "containing the 10% ethanol." The E-85 is still around $1.90

Whiskey
 
MattTheSkywalker said:
I like the higher prices. It keeps many bad drivers and their piece of shit cars off the roads. It actually makes driving more enjoyable.
Click to expand...

You've actually noticed a difference? 'Cause I haven't.
 
Imagine what heating oil will cost this Winter and how the elderly on limited income will pay for heat.

I broker REBCO sales and I can tell you the gas increase is just bullshit. There's plenty of petroleum available.

The price increase has nothing to do with supply and demand. Just greed and the ability to pull it off.
 
gotmilk said:
Imagine what heating oil will cost this Winter and how the elderly on limited income will pay for heat.

I broker REBCO sales and I can tell you the gas increase is just bullshit. There's plenty of petroleum available.

The price increase has nothing to do with supply and demand. Just greed and the ability to pull it off.
Click to expand...


there is enough oil to make as much gasoline as you want. but production capacity is reaching its peak.

refining capacity is almost at 100%.

low overheads on crude and gasoline storage, leaving a very unstable market IF anything happens. ie, strikes, problems with production, busted gasoline pipelines, etc etc.

all compounded by the fact that its all traded by day as futures, speculation helps drive prices.

and as far as the statement in bold. if people quit buying i gaurentee the price will go down.
 
MattTheSkywalker said:
I like the higher prices. It keeps many bad drivers and their piece of shit cars off the roads. It actually makes driving more enjoyable.
Click to expand...

LOL I never thought of it like that.

Im wondering if we can develop an exact price to repel old asian ladies from filling up.
 
spongebob said:
refining capacity is almost at 100%.
Click to expand...

The problem lies in shipping. There are not enough oil tankers available to transport what is needed.

I sell my REBCO allocations directly to US based refinaries. I could never find the shipping needed. That's why there is a big push to construct new oil tankers.
 
spongebob said:
yea .03 to .05 profit margins, refineries are happy as hell. right now its probably running .15 maybe .20 per gallon. thats 87 octane.

refineries dont 'change' blends per se. in other words, its not that big of a deal to increase or decrease certain octanes or blends. usually minor adjustments.

do you blame it on the movie itself or what the movie was about?
Click to expand...

It and the politics that made it. It blew nuclear fuels dangers way out of proportion, and made the uninformed the disinformed. When Karen Silkwood died she was autopsied by the Los Alamos Labs with the consent of her father, they found the amount of plutonium and plutonium byproducts in her body was withing three tenths of a nanocurie of what the plant had said. Also, she died in a car accident after taken a double dose of Methaqualone (sic) and had fallen asleep at the wheel. Not the big conspiracy portrayed in the movie.

Movies like Silkwood and the China Syndrome fueled the rancor felt by the populace against nuclear power, which is a reason why a vast majority of the baseload power plants in the US are coal-fired. Baseload power plant building is a huge investment in time and money, so a lot of plants built in the last two decades have been "peak load" plants, smaller but fueled normally by fuel oil or natural gas. and are a large percentage of US oil consumption.
 
gotmilk said:
The problem lies in shipping. There are not enough oil tankers available to transport what is needed.

I sell my REBCO allocations directly to US based refinaries. I could never find the shipping needed. That's why there is a big push to construct new oil tankers.
Click to expand...

i really dont see shipping as a strong factor if any but i dont know. ive never seen it at the refinery side, a shortage of oil to refine.

i mean you could double your shipments, the refineries are about 95% capacity.
 
redguru said:
It and the politics that made it. It blew nuclear fuels dangers way out of proportion, and made the uninformed the disinformed. When Karen Silkwood died she was autopsied by the Los Alamos Labs with the consent of her father, they found the amount of plutonium and plutonium byproducts in her body was withing three tenths of a nanocurie of what the plant had said. Also, she died in a car accident after taken a double dose of Methaqualone (sic) and had fallen asleep at the wheel. Not the big conspiracy portrayed in the movie.

Movies like Silkwood and the China Syndrome fueled the rancor felt by the populace against nuclear power, which is a reason why a vast majority of the baseload power plants in the US are coal-fired. Baseload power plant building is a huge investment in time and money, so a lot of plants built in the last two decades have been "peak load" plants, smaller but fueled normally by fuel oil or natural gas. and are a large percentage of US oil consumption.
Click to expand...

well that and chernobal and three mile island right?

yep, you really cant beat the efficiency of crude oil.
 
Ahaaa!!! Who's laughing now? You guys thought I was silly to put those solar panels on my roof.

Wait, I never did that. They came out and gave me an estimate, but it would have saved me about $30/month. Fuck that, it was'nt worth the effort. My square footage is too small. It might be a better bet on larger houses or somewhere they can actually place the solar panels. If I had the space, I would do it.
 
I paid $2.59 yesterday but it was an expensive place and i was rolling on fumes. But I drive everywhere - I live min 10 miles from everythigng remotely civiilized. Very annoying.
 
Mr. dB said:
You've actually noticed a difference? 'Cause I haven't.
Click to expand...

Yeah, I have...between like 7-10 PM fewer people go out. At least around here.
 
Whiskey said:
the cheapest in town is now at $2.44, as I hear, it's the most it's ever been in town. This is either regular or medium grade "containing the 10% ethanol." The E-85 is still around $1.90
Click to expand...

Here the stations typically have three grades: Regular 87, Mid Grade 89, and Premium 92 or 93.
 
I love these new gas prices.

(1) People who need to drive -- won't change. They'll just lower expenses in other areas like the weekly beer fund, or the weekly $20/cover charge club nights.

(2) People will drive less. And in LA, that's a BIG advantage where we have 16 hour traffic jams

(3) Government will start focusing more and more on oil alternatives, and internal drilling -- and telling hippies and the spotted owl to go fuck themselves.

(4) Dummies who still think we're in iraq for the oil -- will now, for their own selfish economic reasons -- start supporting the war.

I just filled up. $43. Expensive yes, but doesn't change my life, standard of living or pocketbook even one bit. I'll eat in instead of going out tomorrow -- big deal.
 
My understanding of the Octane is the sole responsibility of the Gasoline makers i.e. Citgo, Shell, Exxon ect. They just the crude gasoline processed at the refineries and they add their own stuff.

As for supply and demand you should look at China. China has had like 15%-20% growth in their economy. More people making money so more people buying cars and driving them. Hence the demand just increased. The previous poster is correct in saying the problem resides at the refineries themselves.

Their production is maxed. There hasn’t been a new refinery built since the 70's. Another factor is the two types of oil. There is what they call "sweet oil" and "sour oil". Most of the refineries are set up for the sweet kind... I just read recently there is a move by some company to purchase and sour refinery and start producing that oil. If you have read in the past month the Saudi's just found another oil field but it was of the sour kind. There isn’t a lack of oil just processing plants.

I find it crazy and greedy when the oils companies reported 5+ BILLION dollar revenues for the last quarter. That is insane. When you see average Joe trading in the SUV for the Jetta TDI that gets 50 mpg then you will see the US demand drop. Other than that we just have to hope that bubble will soon bust.

just my $.02.

mr aandd
 
gotmilk said:
Imagine what heating oil will cost this Winter and how the elderly on limited income will pay for heat.

I broker REBCO sales and I can tell you the gas increase is just bullshit. There's plenty of petroleum available.

The price increase has nothing to do with supply and demand. Just greed and the ability to pull it off.
Click to expand...

I believe it. There are some greed mongerers on this site. They are everywhere. The word is very clear.
 
75th said:
LOL I never thought of it like that.

Im wondering if we can develop an exact price to repel old asian ladies from filling up.
Click to expand...

You can't hide from the hate and bigotry that comes out in your posts.
 
Razorguns said:
I love these new gas prices.

(1) People who need to drive -- won't change. They'll just lower expenses in other areas like the weekly beer fund, or the weekly $20/cover charge club nights.

(2) People will drive less. And in LA, that's a BIG advantage where we have 16 hour traffic jams

(3) Government will start focusing more and more on oil alternatives, and internal drilling -- and telling hippies and the spotted owl to go fuck themselves.

(4) Dummies who still think we're in iraq for the oil -- will now, for their own selfish economic reasons -- start supporting the war.

I just filled up. $43. Expensive yes, but doesn't change my life, standard of living or pocketbook even one bit. I'll eat in instead of going out tomorrow -- big deal.
Click to expand...

Consumer prices all over will go up, because the majorityof products are delivered to market in TRUCKS.
 
Mr. dB said:
Consumer prices all over will go up, because the majorityof products are delivered to market in TRUCKS.
Click to expand...

Don't forget SHIPS and TRAINS.

The rise in prices creates a drop in demand (do you really need the cookies at $5.00 per bag?) which results in prices lowering again, so the impact is not as bad as one might initially think.

It does however mean that people buy less, which is across the board bad
 
aandd said:
Another factor is the two types of oil. There is what they call "sweet oil" and "sour oil". Most of the refineries are set up for the sweet kind... I just read recently there is a move by some company to purchase and sour refinery and start producing that oil. If you have read in the past month the Saudi's just found another oil field but it was of the sour kind. There isn’t a lack of oil just processing plants.
just my $.02.

mr aandd
Click to expand...

the difference between sweet and sour crude is the sulfur content. sour crude being high in sulfur. the higher the sulfur the more complex the process to refine it. you have to de-sulfur it.

there are a lot of refineries out there that have this capability. so i dont see it as a factor in driving gasoline prices. but it is a large factor as to why some companies have posted the 5+ billion dollar revenues.

companies that invested in these processes are now reaping the rewards. sour crude is cheaper than sweet crude, so the profit margin between the two is a lot greater with sour crude. you buy the crude cheaper and in the end the gasoline sells for the same price as the sweet crude gasoline. thereby increasing your profits.

and added benefit to that is that the refineries are able to recover the sulfur and sell it as a product now, whereas before there wasnt a great demand for it. now they cant ship enough of it.

and no, there is no lack of oil, proven reserves are still over a billion bbls probably. but production capability is being pushed to its current limits.

now again, this makes for an unstable market. any disruptions in crude production and gasoline production shakes the markets. this is what drives day traders. they set the price of crude and gasoline futures, they go by these factors, is there enough crude for everyone to refine. they are haggling for the crude. plain and simple.

ill give you an example. where i work there is a day trader on site. his sole job is to buy and sell crude. with the purchasing power he has, often times crude is bought and by the time its ready to ship prices have gone up and so he just sells it to another company. millions are made and he's never even seen the crude.

day traders drive the price off of fear, speculation and ofcourse for profits.


aandd said:
I find it crazy and greedy when the oils companies reported 5+ BILLION dollar revenues for the last quarter. That is insane. When you see average Joe trading in the SUV for the Jetta TDI that gets 50 mpg then you will see the US demand drop. Other than that we just have to hope that bubble will soon bust.
Click to expand...

that 5+ billion is just a return on investment. the refineries that are doing that well have invested a lot of money, from production all the way down to refining. like adding sour crude processing capability. that is not cheap. and no one was complaining when they were actually losing money.
 
"Not about oil"


lol Oil companies making record profits. Oil companies= friends of the chief. Not saying it's good or bad, just pointing out what's happening. This is a dream come true for them.
 
Razorguns said:
(4) Dummies who still think we're in iraq for the oil -- will now, for their own selfish economic reasons -- start supporting the war.

.
Click to expand...

i think you can make a very good arguement for either side. your thinking in present time. decisions about iraq and its oil are for the future.
 
Gas prices appear to be at a historical high, and prices of the past appear to be cheap (17 cents per gallon in the 1930s, a quarter in the 1950s and 50 cents in the 1970s). But this is a classic example of "money illusion." In real inflation-adjusted dollars, gas prices are the same or lower today than in most previous decades.

Measured in real dollars, gas prices peaked in March 1981 at more than $3 per gallon. We have not even come close to paying the highest real gas price in history - today's prices are still 30% below the all-time high.

We can compare gas prices over time by calculating the cost of 1,000 gallons of gas purchased at the average price in a given year, as a percentage of per-capita disposable income in that year. For example, in 1935, when gas prices were 17 cents per gallon and annual disposable income was $466, the cost of 1,000 gallons of gas was 36% of average disposable income. Today, it takes less than 7% of our disposable income to buy 1,000 gallons of gas at the current $2.10 a gallon. The "cheap" gas of the '60s and '70s cost about 12% as a share of income.
 
FreakMonster said:
Measured in real dollars, gas prices peaked in March 1981 at more than $3 per gallon.
Click to expand...

Where? Certainly not all over the USA, 'cause I never had to even pay $2/gallon before the current price surge.

I don't think I ever saw gasoline prices over $1.399/gallon, locally, even during the Exxon Valdez induced price climb in 1989. Not until winter of 2000, anyway.
 
Now would be a good time to ask for a raise.

If you're making $80k, negotiated 2 years ago, disclose how it's more effectively $75k now, and therefore your salary should be "corrected" properly. :)
 
Razorguns said:
Now would be a good time to ask for a raise.

If you're making $80k, negotiated 2 years ago, disclose how it's more effectively $75k now, and therefore your salary should be "corrected" properly. :)
Click to expand...

Anyone know of a good online cost of living calculator?
 
FreakMonster said:
Gas prices appear to be at a historical high, and prices of the past appear to be cheap (17 cents per gallon in the 1930s, a quarter in the 1950s and 50 cents in the 1970s). But this is a classic example of "money illusion." In real inflation-adjusted dollars, gas prices are the same or lower today than in most previous decades.

Measured in real dollars, gas prices peaked in March 1981 at more than $3 per gallon. We have not even come close to paying the highest real gas price in history - today's prices are still 30% below the all-time high.

We can compare gas prices over time by calculating the cost of 1,000 gallons of gas purchased at the average price in a given year, as a percentage of per-capita disposable income in that year. For example, in 1935, when gas prices were 17 cents per gallon and annual disposable income was $466, the cost of 1,000 gallons of gas was 36% of average disposable income. Today, it takes less than 7% of our disposable income to buy 1,000 gallons of gas at the current $2.10 a gallon. The "cheap" gas of the '60s and '70s cost about 12% as a share of income.
Click to expand...

true but the main complaint is the steep increase in a matter of months or a year. what is it on average about a 60% increase. that is the complaint.
 
The E-85 is town is still under $2 today. i'm shocked. It was $1.95. I wonder what it will take to convert my dodge to it

Whiskey
 
Oh yeah, several of my friends have been getting their gas or diesel from other friends that are farmers. I just might have to as well. it isn't taxed

Whiskey
 
spongebob said:
now they cant ship enough of it.
Click to expand...

There are about 138 ships in the world that can handle crude oil. They average about 2.5 Million barrels per ship. There are seven ships that can handle 7 million barrels per cargo. There are more on the way and some that are close to being ready to go back into use.

Put it this way. I just sold 20 million barrels a month for 60 months. My buyer needs 8 ships alone to handle their allocation. Now throw in all the other buyers in the entire world. The problem lies in shipping. Just because refinaries are working at full capacity does not mean they have enough crude to process. They can't get enough crude oil to begin with because of the lack of shipping.

proven reserves are still over a billion bbls probably.
Click to expand...
Closer to a couple of trillion. The Saudi's still have an estimated 220 billion, the Canadian tarbox area has close to 250 billion, Wolverine Gas and Oil found close to 1 Billion in Utah alone. My friends control 300 Million off of Nigeria/Ghana in multiple fields. I think you see my point. There are trillions of barrels of oil available throughout the world and even larger natural gas pockets.




where i work there is a day trader on site. his sole job is to buy and sell crude.
Click to expand...

Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.
 
gotmilk said:
Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.
Click to expand...

Is this a lucrative field? Lots of people are making money off of oil in this industry, and i've love to stick myself in there somewhere. :)
 
Razorguns said:
Is this a lucrative field? Lots of people are making money off of oil in this industry, and i've love to stick myself in there somewhere. :)
Click to expand...

It's lucrative but hard. For every 50 offers I get, I find only one or two are legit. I have a friend who is in charge of purchasing for a large petroleum company. She buys whatever i can find. Most of the time I receive offers from people who can never provide proof of product. I get a bunch of Russian shitheads emailing me claiming the have crude only to see them try to weasel money in advance.

You learn who is legit real quickly.

Jet Fuel is the one in demand right now. JP54 to be exact. I can't find enough of it. Major airports, military depots, and general air freight companies can't buy enough at this time. Logan Airport in Boston is talking about cutting flights because they almost ran out recently and could not get filled fast enough.
 
gotmilk said:
There are about 138 ships in the world that can handle crude oil. They average about 2.5 Million barrels per ship. There are seven ships that can handle 7 million barrels per cargo. There are more on the way and some that are close to being ready to go back into use.

Put it this way. I just sold 20 million barrels a month for 60 months. My buyer needs 8 ships alone to handle their allocation. Now throw in all the other buyers in the entire world. The problem lies in shipping. Just because refinaries are working at full capacity does not mean they have enough crude to process. They can't get enough crude oil to begin with because of the lack of shipping.


Closer to a couple of trillion. The Saudi's still have an estimated 220 billion, the Canadian tarbox area has close to 250 billion, Wolverine Gas and Oil found close to 1 Billion in Utah alone. My friends control 300 Million off of Nigeria/Ghana in multiple fields. I think you see my point. There are trillions of barrels of oil available throughout the world and even larger natural gas pockets.
.
Click to expand...

if they cant get enough crude why are they at near full capacity. your contradicting yourself. the allocations have done been negotiated at that point. the fact that you cant line up a ship doesnt change the price does it?

if the refineries are at full capacity ship all the oil you want, it aint gonna change gasoline supplies.

i have never heard of a refinery NOT getting enough crude. it just doesnt happen. if refineries are working at near maximum capacity then that tells me they are not having a problem getting crude. this is not a driving factor in the cost of your gasoline at the pump. i have never read of this problem. the problems i outlined about production and refining limits as well as the fact that its all traded as futures is everything you read about. remember the strike in venezuela? remember the ruptered pipeline in arizona? remember when terrorist hit irags refineries and pipelines? remember when the explosion happened at the 3rd largest refinery in the country?

now can you remember what happened after these events, prices went up. we just had another explosion here recently. the markets responded accordingly.

your right i typed in the wrong number. reserves are over a trillion.

gotmilk said:
Ask him if he can find REBCO at $4/$3 CIF. JP54 jet fuel and D2 specifically from a Europe location for CIF Italy. If he can...I'll hook you up with fat profits.
Click to expand...

lol hell ya lets make some money. i will keep that in mind. to be honest im just an average joe worker at the plant. but i will keep it in mind.

whats funny is there is a new hire from nigeria. he to is just a worker and the other day he wanted to line up some crude for the plant. it just sounds funny for someone in his position to be able to do that.

although it sounds like your part of the problem. jk.
 
gotmilk said:
It's lucrative but hard. For every 50 offers I get, I find only one or two are legit. I have a friend who is in charge of purchasing for a large petroleum company. She buys whatever i can find. Most of the time I receive offers from people who can never provide proof of product. I get a bunch of Russian shitheads emailing me claiming the have crude only to see them try to weasel money in advance.

You learn who is legit real quickly.

.
Click to expand...

thats surprising, and interesting. and how often are the one or two legit offers?
 
spongebob said:
if they cant get enough crude why are they at near full capacity
Click to expand...

That's a myth. Most refinaries are not at max production but say they are so they can justify the increase in oil prices.

If they were maxed out, they wouldn't be seeking additional allocations because their stock piles would just become larger. They wouldn't be able to process additional inventory fast enough.

Some of the smaller refinaries are maxed out. Most of the larger one's can't find enough REBCO to refine into jet fuel and gasoline. The larger one's are accepting small allocations as little as 1 MT per month because they'll take anything they can get their hands on.


It reminds me of how the Russian vendors claim they are only producing 9 Million barrels a day. The truth is they are filling hundreds of millions of barrels monthly. The Russian gov't takes 84 cents of every 1 dollar in reported REBCO sales. So, the sellers don't report the actual allocations and ship it via the Port of Novorossijsk, where they can get away with filling without reporting because the Port is so crooked.


I've heard the stories about refineries being maxed at production. Not all are.
 
MattTheSkywalker said:
I like the higher prices. It keeps many bad drivers and their piece of shit cars off the roads. It actually makes driving more enjoyable.
Click to expand...

This makes no sense. You're extrapolating that higher gas prices results in fewer bad drivers? Ummm how? So you're saying that bad drivers can't afford to pay at the pump? Plenty of bad drivers that have money.
 
gotmilk said:
That's a myth. Most refinaries are not at max production but say they are so they can justify the increase in oil prices.

If they were maxed out, they wouldn't be seeking additional allocations because their stock piles would just become larger. They wouldn't be able to process additional inventory fast enough.
Click to expand...

sorry i just dont buy it. i work at one of the largest and my brother works at another very large one. we work in the units, we know the capabilities. you cant just pump as much as you want thru the units. trust me, at the profit margins there getting right now on gasoline you bet they are refining AS MUCH AS POSSIBLE. no doubt about it.

gotmilk said:
Some of the smaller refinaries are maxed out. Most of the larger one's can't find enough REBCO to refine into jet fuel and gasoline. The larger one's are accepting small allocations as little as 1 MT per month because they'll take anything they can get their hands on.
Click to expand...

if they'll take anything they can get thier hands on, it sounds like a shortage, like ive said.

and what is rebco?
 
wutangnomo said:
This makes no sense. You're extrapolating that higher gas prices results in fewer bad drivers? Ummm how? So you're saying that bad drivers can't afford to pay at the pump? Plenty of bad drivers that have money.
Click to expand...

read between the lines. Ah nevermind, you don't even live in the States, do you? So you're missing the point.

To really un-crowd the streets it would have to hit like $8 per gallon. What would all the cops do with no one to pull over?
 
gotmilk said:
My friends control 300 Million off of Nigeria/Ghana in multiple fields. I think you see my point.
Click to expand...

I just met with the head of sourcing from the world's largest insurance company and one of the few that insures those fields. (they front for local admitted companies).

He said no one controls shit in Nigeria, even the government half the time Tough place to do biz. He told a funny ass story about how the regional governor awarded a contract to his brother to provide insurance, even though his brother did not even know what insurance was.

That was some funny shit. Eventually the local governor relented, and the plant got built. Was that your friend invovled in that?

My younger brother lives next to a guy who is one of the top commoditities traders in the US. He's a guy with a Russian background, lives just north of NYC. I wonder if you two know each other. You know any NYC area traders?
 
MattTheSkywalker said:
read between the lines. Ah nevermind, you don't even live in the States, do you? So you're missing the point.

To really un-crowd the streets it would have to hit like $8 per gallon. What would all the cops do with no one to pull over?
Click to expand...

Maybe start going after the scammers, false advertisers, etc.
 
gotmilk said:
.

If they were maxed out, they wouldn't be seeking additional allocations because their stock piles would just become larger. They wouldn't be able to process additional inventory fast enough.







.
Click to expand...

oh and what exactly do you mean by 'seeking additional allocations'?

everyone keeps low inventories and low overheads.
 
its insane here in San Diego, 2.95 at my gas station.
 
MattTheSkywalker said:
He said no one controls shit in Nigeria
Click to expand...

Chevron controls shit. In fact, they have their way in Nigeria. It's one of the most corrupt countries I've seen in a long time.

Funny thing, Ghana bought a load of crude from Nigeria, and someone stole the ship. Look at a map and figure that one out.
 
FreakMonster said:
Gas prices appear to be at a historical high, and prices of the past appear to be cheap (17 cents per gallon in the 1930s, a quarter in the 1950s and 50 cents in the 1970s). But this is a classic example of "money illusion." In real inflation-adjusted dollars, gas prices are the same or lower today than in most previous decades.

Measured in real dollars, gas prices peaked in March 1981 at more than $3 per gallon. We have not even come close to paying the highest real gas price in history - today's prices are still 30% below the all-time high.

We can compare gas prices over time by calculating the cost of 1,000 gallons of gas purchased at the average price in a given year, as a percentage of per-capita disposable income in that year. For example, in 1935, when gas prices were 17 cents per gallon and annual disposable income was $466, the cost of 1,000 gallons of gas was 36% of average disposable income. Today, it takes less than 7% of our disposable income to buy 1,000 gallons of gas at the current $2.10 a gallon. The "cheap" gas of the '60s and '70s cost about 12% as a share of income.
Click to expand...


Dang, freak this is sounds very intelligent did you know this or copy from somewhere?
 
FreakMonster said:
Gas prices appear to be at a historical high, and prices of the past appear to be cheap (17 cents per gallon in the 1930s, a quarter in the 1950s and 50 cents in the 1970s). But this is a classic example of "money illusion." In real inflation-adjusted dollars, gas prices are the same or lower today than in most previous decades.

Measured in real dollars, gas prices peaked in March 1981 at more than $3 per gallon. We have not even come close to paying the highest real gas price in history - today's prices are still 30% below the all-time high.

We can compare gas prices over time by calculating the cost of 1,000 gallons of gas purchased at the average price in a given year, as a percentage of per-capita disposable income in that year. For example, in 1935, when gas prices were 17 cents per gallon and annual disposable income was $466, the cost of 1,000 gallons of gas was 36% of average disposable income. Today, it takes less than 7% of our disposable income to buy 1,000 gallons of gas at the current $2.10 a gallon. The "cheap" gas of the '60s and '70s cost about 12% as a share of income.
Click to expand...

Word for word quote from a USA Today editorial without citing the source? Dude, that's more than just wrong.
 
Gas problem is going to get worse before it gets better... Even the bush tax cuts can't save our economy from this.. add in all the interest rate hikes from greenspan trying to burst the housing bubble, and you have a nasty recession on the horizon..
 
Last edited:
You must log in or register to reply here.

Similar threads

4
FAKE Pfizer Genotropin Napsgear
Replies
16
Views
2K
jasonhill800
jasonhill800
SteveMobsterG
Approved Bicep injuries and rehabbing
Replies
17
Views
2K
25homes
25homes
Macedog24
PSL Sale BOOST your fat-loss limited-time 50% off
Replies
10
Views
1K
Macedog24
Macedog24
Tentatum
Approved Log My Training Diet Log
2 3
Replies
231
Views
20K
MUSTANG_18
MUSTANG_18
~Vision~
PSL Article 📜🧪🥼NEW Proviron LAB TEST RESULTS🥼🧪📜 7-12-2024 By PSL
Replies
22
Views
3K
~Vision~
~Vision~
Top Bottom