Interesting Energy article in the WSJ
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Interesting Energy article in the WSJ

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    Default Interesting Energy article in the WSJ

    It makes sense that our usage has declined due to slower economy. Doesn't appear that production is the issue, demand is the issue.

    U.S. Nears Milestone: Net Fuel Exporter - WSJ.com

    I particularly like this section:
    "Singapore's net imports from the U.S. roughly quadrupled in the past five years, while Mexico's rose by about two-thirds. Mexico, in particular, is having trouble keeping pace with gasoline demand and buys about 60% of gasoline exports from the U.S.

    The figures illustrate the impact of the significant increase in domestic production thanks to new sources of oil coming from North Dakota and Texas. North Dakota's oil production of 424,000 barrels per day in July was up 86% over the same period in 2009.

    Growing domestic output means refineries in the U.S. are making more fuel than the local market needs. That has given those on the U.S. Gulf Coast added incentive to look for customers abroad.

    Also adding to the U.S. exporting firepower: Refineries are more efficient, giving them an edge over older facilities in Europe. New drilling methods are boosting U.S. oil production, helping ensure steady supplies of raw material for refiners to process."
    Last edited by RodnJen; 12-02-2011 at 03:06 PM.

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    Default Encourging article....

    That is an encouraging article. However, when will we see the results of the excess supplies at the pump?.... The idea that we're exporting more oil than we're importing would seem to suggest we stop both, and use what we pump out of the ground to lower the price at the pump... Speaking in millions and millions of barrels of crude is hard for the average person to relate to the price at the pump. Also, the article doesn't say anything about the price of domestic crude today, or yesterday, or tomorrow... Those are the areas we, the fuel users, can equate to as it affects the pump price.... If we're doing all that well exporting, it would seem we could do a little better at home when it comes to gas, heating oil, and commercial trucker grade diesel prices... Now is the time for the administration to use some leverage and lower our domestic costs, and allow the oil companies to develop/export enough, at a higher price, to "subsidize" our costs.... Maybe one of the oil industry workers/economy experts, can explain that article in layman's terms as to what it really means to the American consumer and the American economy in the long haul...
    Ray
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    I purchased regular 87 Shell today @ $3.06 gal. Really not too bad considering... all the doom and gloom about Obama killing the petro industry

    I always say as long as beer and gas are easy to get and fairly priced life is good and the end of the world is a ways off.

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    Quote Originally Posted by Moneypit View Post
    That is an encouraging article. However, when will we see the results of the excess supplies at the pump?.... The idea that we're exporting more oil than we're importing would seem to suggest we stop both, and use what we pump out of the ground to lower the price at the pump... Speaking in millions and millions of barrels of crude is hard for the average person to relate to the price at the pump. Also, the article doesn't say anything about the price of domestic crude today, or yesterday, or tomorrow... Those are the areas we, the fuel users, can equate to as it affects the pump price.... If we're doing all that well exporting, it would seem we could do a little better at home when it comes to gas, heating oil, and commercial trucker grade diesel prices... Now is the time for the administration to use some leverage and lower our domestic costs, and allow the oil companies to develop/export enough, at a higher price, to "subsidize" our costs.... Maybe one of the oil industry workers/economy experts, can explain that article in layman's terms as to what it really means to the American consumer and the American economy in the long haul...
    Ray
    That's just it, I don't think we will see lower prices at the pump, maybe not ever. From this article it is clear that regardless who is in the whitehouse, leverage is not something they have much of when it comes to prices at the pump. Not when there is demand in other countries driving record profits. I too would like to hear from someone in the business on this topic.

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    Quote Originally Posted by RodnJen View Post
    That's just it, I don't think we will see lower prices at the pump, maybe not ever. From this article it is clear that regardless who is in the whitehouse, leverage is not something they have much of when it comes to prices at the pump. Not when there is demand in other countries driving record profits. I too would like to hear from someone in the business on this topic.
    You don't need someone in the "know'. Go take a basic economics class on supply and demand. No offense Rod, but what exactly do you do for the federal government where you don't understand basic marker trends? No need to answer. Seriously. I'm guess'n you're somewhere above a GS12 or 13, but am dumbfounded how you got there. Not so much when the feds are taken into context on they're choices.
    Last edited by redneckcharlie; 12-05-2011 at 01:03 AM.

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    Holy moly!! Fox News reports that gas companies are now under seige by communist Muppets:




    The Muppets Are Communist, Fox Business Network Says

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    re
    Quote Originally Posted by Moneypit View Post
    That is an encouraging article. However, when will we see the results of the excess supplies at the pump?.... The idea that we're exporting more oil than we're importing would seem to suggest we stop both, and use what we pump out of the ground to lower the price at the pump... Speaking in millions and millions of barrels of crude is hard for the average person to relate to the price at the pump. Also, the article doesn't say anything about the price of domestic crude today, or yesterday, or tomorrow... Those are the areas we, the fuel users, can equate to as it affects the pump price.... If we're doing all that well exporting, it would seem we could do a little better at home when it comes to gas, heating oil, and commercial trucker grade diesel prices... Now is the time for the administration to use some leverage and lower our domestic costs, and allow the oil companies to develop/export enough, at a higher price, to "subsidize" our costs.... Maybe one of the oil industry workers/economy experts, can explain that article in layman's terms as to what it really means to the American consumer and the American economy in the long haul...
    Ray
    Ray, stop! Seriously! Just stop!
    We do not, and have not EVER exported more "OIL" than we "WE" import. We "produce" more refined products than we consume. Can you see the difference? If not, PM me and I will try to explain it to you!!!!!
    We are talking about an export item here. What you posted is paramount to saying Japan, one of the largest exporters of automobiles in the world, and yet dont have a single ton of natural occuring iron ore on the entire island. What your saying is they should stop exporting cars till the price comes down there! Seriously?
    Ray, do you understand the term "world market"? Do you really believe for a second that the oil companies here would sell refined oil products here for less than the world market? Why would they? Would you?

    Why is that there are soooooo many people on these boards that seem ton think that the USA is in sooooo much control of the prices of anything? You don't think that China's thrist for energy isn't driving up the cost of energy in the world? Imagine every adult in China driving just 10 miles a day in a Prius. Where is that fuel going to come from. And how much will they be willing to pay. Now who are you going to sell you oil to?

    Like redneckcharlie said, its basic supply and demand. Now all you have to do is get your head out of your ass and start to realize "WE" are not the demand you think we are.
    One of the reasons we have fuel cost as low as we do is "REFINING CAPACITY" Be thankfull for it for as long as it lasts!

    Its also the single biggest reason dipshit should get with it on the XL pipeline! Every refinery in this country should be running balls out 24 hrs a day. Its the freekin treehuggers dragging down EXPORTS!!! and since we no longer produce shit in this country, we should at least export refined oil products. thje only reason for delaying the pipeline is that Obama hates the idea that any oil company make one more diem than it is. No other reason. The treehuggers will tell you we need to slow import oil and get on alternative energy. This GODDAMN oil is going to get burned whether we refine it or some else does. Its going to get used. Does this bullshit "global warming" only occure is we refine the oil? Only if we burn the oil?
    So we hold ourselves back with the bullshit science of GW while China is full steam ahead at taking our asses down, and dipshits like R&J post crap he knows knowing about.

    Ray, wake up and stop talking as stupid as R&J and zombie. It makes you look bad!



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    GN7, you got it right !! I just spent 3 years in India, The fuel consumption of India and China is going nowhere but up. India is on the ragged edge of starvation all the time due to lack of water and overpopulation. China and India together will keep demand for energy, food, raw materials, etc, going up, up, up. They are not alone, but have such tremendous populations....India has a minimal amount of very low grade oil, some coal, a little gas.....a major net importer of energy, China the same.....

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    Quote Originally Posted by gn7 View Post
    re

    Ray, stop! Seriously! Just stop!
    We do not, and have not EVER exported more "OIL" than we "WE" import. We "produce" more refined products than we consume. Can you see the difference? If not, PM me and I will try to explain it to you!!!!!
    We are talking about an export item here. What you posted is paramount to saying Japan, one of the largest exporters of automobiles in the world, and yet dont have a single ton of natural occuring iron ore on the entire island. What your saying is they should stop exporting cars till the price comes down there! Seriously?
    Ray, do you understand the term "world market"? Do you really believe for a second that the oil companies here would sell refined oil products here for less than the world market? Why would they? Would you?

    Why is that there are soooooo many people on these boards that seem ton think that the USA is in sooooo much control of the prices of anything? You don't think that China's thrist for energy isn't driving up the cost of energy in the world? Imagine every adult in China driving just 10 miles a day in a Prius. Where is that fuel going to come from. And how much will they be willing to pay. Now who are you going to sell you oil to?

    Like redneckcharlie said, its basic supply and demand. Now all you have to do is get your head out of your ass and start to realize "WE" are not the demand you think we are.
    One of the reasons we have fuel cost as low as we do is "REFINING CAPACITY" Be thankfull for it for as long as it lasts!

    Its also the single biggest reason dipshit should get with it on the XL pipeline! Every refinery in this country should be running balls out 24 hrs a day. Its the freekin treehuggers dragging down EXPORTS!!! and since we no longer produce shit in this country, we should at least export refined oil products. thje only reason for delaying the pipeline is that Obama hates the idea that any oil company make one more diem than it is. No other reason. The treehuggers will tell you we need to slow import oil and get on alternative energy. This GODDAMN oil is going to get burned whether we refine it or some else does. Its going to get used. Does this bullshit "global warming" only occure is we refine the oil? Only if we burn the oil?
    So we hold ourselves back with the bullshit science of GW while China is full steam ahead at taking our asses down, and dipshits like R&J post crap he knows knowing about.

    Ray, wake up and stop talking as stupid as R&J and zombie. It makes you look bad!
    I am completely flabbergasted that I agree with much of what you wrote in this post, although you strayed from reality towards the end. Oh, BTW, we still are the world's leader in manufacturing, even though the BRIC is catching up at an alarming rate.
    Last edited by ram78d10; 12-05-2011 at 09:51 AM.

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    Quote Originally Posted by ram78d10 View Post
    I am completely flabbergasted that I agree with much of what you wrote in this post, although you strayed from reality towards the end. Oh, BTW, we still are the world's leader in manufacturing, even though the BRIC is catching up at an alarming rate.
    They make our industrial revolution look like a junior high school business model.
    They have led the way to raising more people, both in sheer numbers, as well as per capita, from the world recognized poverty level than any country in histroy. While we add to the proverty level daily since LBJ. Guess their method is working much better than the socialistic idea of subsidizing poverty we utilize under the dimbulbs.
    If you feed lions they will never learn to hunt. We have raised millions of worthless dead beat lions under your ignorant idea of economics. Its time to stop the madness.
    Why does it make sense to any of you morons that its "right" to have worthless brain dead humans sit home and get paid(subsidies) instead of working for even slightly more?
    maybe if they learned to make socks, they might some day learn to make shoes, then telephones.

    But nooo! We can't do that. Soembody might get rich off their labor, or worse, SLAVE LABOR! Well dipshit, the tax payer is the slave under your phucked up system. And the "worker bees" are getting pissed off!!!!!!



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    Since us taxpayers subsidize the American petro industries in many and various ways, I think out of graditude if nothing else they should give us American taxpayers a good guy discount on gas. If no discount then quit taking the subsidies!! The Chinese and Indian taxpayers are not subsidizing American companies. Ray, I, and millions of other Americans would like cheaper gas. We deserve it so why should we be totally effected by world market prices???? A nice government regulation setting American gas prices slightly lower would be nice here guys. BTw, Power to the Muppets

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    Quote Originally Posted by zombie View Post
    Since us taxpayers subsidize the American petro industries in many and various ways, I think out of graditude if nothing else they should give us American taxpayers a good guy discount on gas. If no discount then quit taking the subsidies!! The Chinese and Indian taxpayers are not subsidizing American companies. Ray, I, and millions of other Americans would like cheaper gas. We deserve it so why should we be totally effected by world market prices???? A nice government regulation setting American gas prices slightly lower would be nice here guys. BTw, Power to the Muppets
    Government interference. Spoken like a true communist/socialist! The saudis have some of the lowest fuel prices in the world. Why stop at regulation pinko?

    Your fovrite bitch(aside from the wookie) has the solution for you. When your entire life is a welfare socialist life, its hard to kick the habit isn't it zombie




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    [QUOTE=gn7;1535699]Government interference. Spoken like a true communist/socialist! The saudis have some of the lowest fuel prices in the world. Why stop at regulation pinko?

    Your fovrite bitch(aside from the wookie) has the solution for you. When your entire life is a welfare socialist life, its hard to kick the habit isn't it zombie



    You are a big fan of socialism but only for corporate socialism......

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    Quote Originally Posted by zombie View Post



    You are a big fan of socialism but only for corporate socialism......
    I prefer the term "free enterprise capitolist". You know the system zombie. Its the one where you have get up off your ass and work.......or starve!
    The system where people use to be ashamed of welfare hand outs. Not the system you created where you handsomly subsidize non productivity and worthless individuals such as yourself. Thats the system is for losers that cannot compete in a real world. Such as yourself.

    Quote Originally Posted by zombie View Post
    Since us taxpayers subsidize the American petro industries in many and various ways, I think out of graditude if nothing else they should give us American taxpayers a good guy discount on gas. If no discount then quit taking the subsidies!! The Chinese and Indian taxpayers are not subsidizing American companies.
    You cannot name me one oil company that recieves a single dime of subisidies for refining oil. Not one!



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    Last edited by gn7; 12-05-2011 at 11:48 AM.

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