Gas Price Outrage!

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Re: Gas Price Outrage!

Postby Giant Communist Robot » Wed May 15, 2013 5:12 pm

I thought we import crude that is then produced into gasoline?


They're talking about natural gas.
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Re: Gas Price Outrage!

Postby Haggis@wk » Thu May 16, 2013 11:56 am

Giant Communist Robot wrote: They're talking about natural gas.


I disagree, the article, and this one, http://www.rawstory.com/rs/2013/05/04/s ... -30-years/ quite clearly refers to crude oil, you don't measure natural gas by the barrel
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Re: Gas Price Outrage!

Postby Giant Communist Robot » Tue May 21, 2013 1:25 pm

I disagree


I think you misunderstand. In the links, no article says barrels of gas, they say oil. In fact, none of the agencies use the term "gas" for gasoline; they do use it for natural gas, though. Russia is number one in production of natural gas, and the US is two--but will soon move into the number one spot. I think this is where Trumpetmaster was confused, as we use "gas" to mean gasoline, but agencies mean natural gas.
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Re: Gas Price Outrage!

Postby Shapley » Tue Jun 11, 2013 4:05 pm

Earth may have more oil than anyone thought

"There could be a lot more oil and gas out there than we thought. But it's going to cost a whole lot to extract it.

"The Department of Energy's Energy Information Administration has upgraded its estimates of global oil reserves by 11% after scouring 41 countries and finding a lot more "technically recoverable" shale oil and shale gas than it did the last time it filed a similar report, in 2011.

"Since then, the EIA's shale gas estimates alone have jumped by 10% and its estimate of gas reserves has soared by 47%. The U.S., China and Argentina are all largely responsible for the upticks in shale oil and gas numbers, while Russia's shale oil stockpile and Algeria's shale gas resources also place them among the EIA's top four potential producers in each category."
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Re: Gas Price Outrage!

Postby Haggis@wk » Fri Jun 14, 2013 12:55 pm

Giant Communist Robot wrote:
I disagree


I think you misunderstand. In the links, no article says barrels of gas, they say oil. In fact, none of the agencies use the term "gas" for gasoline; they do use it for natural gas, though. Russia is number one in production of natural gas, and the US is two--but will soon move into the number one spot. I think this is where Trumpetmaster was confused, as we use "gas" to mean gasoline, but agencies mean natural gas.


Surging U.S. oil production pushes reserves to highest levels in 30 years - See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf

…not “surging gas” production

US oil stocks reached 395.3 million barrels last week, - See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf
US oil production has increased from five million barrels a day to 6.5 million barrels in 2012, and the US Energy Information Administration anticipates production will hit 8.2 million barrels a day in 2014. - See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf

The Seaway pipeline, for instance, is now transporting 400,000 barrels of oil a day to gulf refineries from Cushing, Oklahoma, where the benchmark West Texas Intermediate crude quoted in New York is stored. - See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf

When it is fully online in the first quarter of 2014, it will move 850,000 barrels a day. - See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf

Moreover, he said, “there is always going to be a scenario where for certain blends, the price of Saudi crude oil, very easy to extract, plus transportation, will still be cheaper than a price of a barrel of tar sands from Alberta or shale oil from the US.”
- See more at: http://www.rawstory.com/rs/2013/05/04/s ... OAzMQ.dpuf

I think it is very clear that the increase in petroleum product include both NG as well as crude oil. Personally, I’m more pleased at the surge in oil production since most of us depend more on that, at the present, than NG. Jes’ sayin’
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Re: Gas Price Outrage!

Postby Haggis@wk » Fri Jun 14, 2013 1:00 pm

http://www.aei-ideas.org/2013/06/us-oil ... s-history/

The U.S. last year posted the biggest increase in oil production in the world and the largest increase in U.S. history, unleashing a surge of fresh crude supplies that are helping restrain global oil prices and advance U.S. foreign-policy goals.

Image

And while POTUS is trying his damnest to take credit for this I think the following slide pretty much confirms that the oil industry in the U.S. is surviving and thriving despite his best efforts to shut it down

http://4-ps.googleusercontent.com/h/www ... vqmoR.webp

Imagine what we could do in energy if we had an administration that was actually for domestic energy production?
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Re: Gas Price Outrage!

Postby BigJon » Wed Nov 06, 2013 9:44 pm

Gas prices are goin' down!
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Re: Gas Price Outrage!

Postby Shapley » Thu Nov 14, 2013 8:50 am

Ours have been hovering right at the $3/gal. mark for a long time now.
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Re: Gas Price Outrage!

Postby Trumpetmaster » Thu Nov 21, 2013 7:48 am

down about 15 - 20 cents per gallon.... in the past few weeks...

this week it has been up a few pennies....
they are probably raising the price due to the cold weather....
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