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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 02-24-2011, 10:13 AM   #2266
JimBaker488 JimBaker488 is offline
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Originally Posted by Donger View Post
Sounds like the Saudis are considering increasing their output to cover the loss of Libya's production.
Libya has socalled "sweet" crude which is not found in relatively plentiful quantities in SA, which has heavier "sour" crude which requires different refinery technology.
Sorry but it's just not that simple - can't just turn up a spigot one place to
replaced the outflow lost from a spigot in another place.
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Old 02-24-2011, 10:16 AM   #2267
Dayze Dayze is offline
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Thats probably the point when most people start cutting back on driving yes. $3.80 to $4 is when people do a lifestyle change....sell the gas guzzler, walk more, ride a bike, kill yourself..
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Old 02-24-2011, 10:20 AM   #2268
Donger Donger is offline
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Quote:
Originally Posted by JimBaker488 View Post
Libya has socalled "sweet" crude which is not found in relatively plentiful quantities in SA, which has heavier "sour" crude which requires different refinery technology.
Sorry but it's just not that simple - can't just turn up a spigot one place to
replaced the outflow lost from a spigot in another place.
That's true, but let's not pretend that if the Saudis were to increase production, it would not have an influence on global pricing. It would. Refineries would be found to refine the heavier Saudi crude.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 02-24-2011, 10:39 AM   #2269
R8RFAN R8RFAN is offline
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Yay!! Just sold that 22 mpg Ford Ranger Edge....

No Idea why I bought that, heres the kicker...

It was fire engine RED! UGHHHHHHHH

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Old 02-24-2011, 10:48 AM   #2270
Bwana Bwana is offline
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Yay!! Just sold that 22 mpg Ford Ranger Edge....

No Idea why I bought that, heres the kicker...

It was fire engine RED! UGHHHHHHHH
The only thing that truck was missing, was a couple of magnets for the doors!

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Old 02-24-2011, 10:52 AM   #2271
Kerberos Kerberos is offline
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The only thing that truck was missing, was a couple of magnets for the doors!

Being from Montana I would have guessed what was missing for YOU from that truck was a bigger body and at least a 3/4 ton 4X4 frame?

Chiefs magnets are a given.
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Old 02-24-2011, 10:56 AM   #2272
R8RFAN R8RFAN is offline
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The only thing that truck was missing, was a couple of magnets for the doors!

It made me sick to really even look at the truck.... I am serious... I have never hated a truck in all my life that bad
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Old 02-24-2011, 10:57 AM   #2273
Bwana Bwana is offline
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Originally Posted by Kerberos View Post
Being from Montana I would have guessed what was missing for YOU from that truck was a bigger body and at least a 3/4 ton 4X4 frame?

Chiefs magnets are optional.
Yes sir, that goes without saying.
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Old 02-24-2011, 10:59 AM   #2274
Otter Otter is offline
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Drives the ladies crazy!
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Old 02-24-2011, 12:52 PM   #2275
Bwana Bwana is offline
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Drives the ladies crazy!
Not so much, but I would guess Richard Simmons would get full wood, if he saw you on that thing.

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Old 02-24-2011, 01:34 PM   #2276
JimBaker488 JimBaker488 is offline
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Originally Posted by Donger View Post
That's true, but let's not pretend that if the Saudis were to increase production, it would not have an influence on global pricing. It would. Refineries would be found to refine the heavier Saudi crude.
Like I said it's not that simple because there's such a dearth of refineries in
Europe that can process sour or high sulfur crude as compared to the US.
In the US Valero (NYSE symbol "VLO"), is the big Kahuna for handlng sour crude, but that doesn't help England, Franch, Germany, etc too much does it ?
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Old 02-24-2011, 01:34 PM   #2277
Donger Donger is offline
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Quote:
Originally Posted by JimBaker488 View Post
Like I said it's not that simple because there's such a dearth of refineries in
Europe that can process sour or high sulfur crude as compared to the US.
In the US Valero (NYSE symbol "VLO"), is the big Kahuna for handlng sour crude, but that doesn't help England, Franch, Germany, etc too much does it ?
I don't really care about Europe.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
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Old 02-24-2011, 01:37 PM   #2278
jd1020 jd1020 is offline
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Drives the ladies crazy!
I'll be doing that soon.

I've got 2 motorcycles. 1 I ride and 1 I'm building. If gas keeps rising I'll sell the one I ride and pick up a Honda Ruckus for like 1k and then use the rest of the cash on the build.
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Old 02-24-2011, 02:15 PM   #2279
JimBaker488 JimBaker488 is offline
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Originally Posted by Donger View Post
I don't really care about Europe.
You should - the Veleros of the US might start exporting gasoline & diesel to Europe if they have shortages which will obviously create upward pressure on US petro prices. In case you didn't get the memo, we all live in a global
economy these days.
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Old 02-24-2011, 02:21 PM   #2280
JimBaker488 JimBaker488 is offline
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Oil trading 2 dollars lower this afternoon on reports Gaddafi has been shot.
No confirmation to Gaddafi rumor yet ?
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